NGX:SKYAVN Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	44,459	28,941	16,547	11,125	8,658
Revenue Growth (YoY)	53.62%	74.91%	48.73%	28.50%	24.01%
Cost of Revenue	19,674	13,159	8,573	6,945	4,977
Gross Profit	24,785	15,782	7,974	4,180	3,681
Selling, General & Admin	9,261	8,186	4,740	3,413	2,439
Other Operating Expenses	-354.33	-176.59	-207.85	-465.7	-115.38
Operating Expenses	9,384	8,965	5,208	3,546	3,062
Operating Income	15,401	6,817	2,766	633.67	619.14
Interest Expense	-429.54	-331.06	-367.21	-73.13	-29.95
Interest & Investment Income	97.29	287.85	400.28	19.83	15.66
Currency Exchange Gain (Loss)	-	-	-	-2.78	82.45
Other Non Operating Income (Expenses)	-785.15	-287.19	-168.48	-108	-122.16
EBT Excluding Unusual Items	14,284	6,486	2,630	469.58	565.15
Pretax Income	14,284	6,486	2,630	469.58	565.15
Income Tax Expense	2,552	1,653	675.61	160.25	283.12
Net Income	11,732	4,834	1,955	309.34	282.03
Net Income to Common	11,732	4,834	1,955	309.34	282.03
Net Income Growth	142.71%	147.28%	531.89%	9.68%	-41.53%
Shares Outstanding (Basic)	1,354	1,354	1,354	1,354	1,354
Shares Outstanding (Diluted)	1,354	1,354	1,354	1,354	1,354
EPS (Basic)	8.67	3.57	1.44	0.23	0.21
EPS (Diluted)	8.67	3.57	1.44	0.23	0.21
EPS Growth	142.78%	147.22%	531.98%	9.67%	-41.53%
Free Cash Flow	2,444	1,739	-1,530	-623.93	308.84
Free Cash Flow Per Share	1.80	1.28	-1.13	-0.46	0.23
Dividend Per Share	-	0.600	0.300	0.165	0.165
Dividend Growth	-	100.00%	81.82%	-	-
Gross Margin	55.75%	54.53%	48.19%	37.57%	42.52%
Operating Margin	34.64%	23.55%	16.71%	5.70%	7.15%
Profit Margin	26.39%	16.70%	11.81%	2.78%	3.26%
Free Cash Flow Margin	5.50%	6.01%	-9.25%	-5.61%	3.57%
EBITDA	17,878	9,168	4,918	2,655	2,491
EBITDA Margin	40.21%	31.68%	29.72%	23.86%	28.77%
D&A For EBITDA	2,476	2,352	2,152	2,021	1,872
EBIT	15,401	6,817	2,766	633.67	619.14
EBIT Margin	34.64%	23.55%	16.71%	5.70%	7.15%
Effective Tax Rate	17.87%	25.48%	25.69%	34.13%	50.10%
Advertising Expenses	505.9	330.38	134.85	18.58	57.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.