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	19,856	13,159	8,573	6,945	4,977
Gross Profit	24,603	15,782	7,974	4,180	3,681
Selling, General & Admin	9,993	6,790	4,740	3,413	2,439
Other Operating Expenses	-212.44	-176.59	-207.85	-465.7	-115.38
Operating Expenses	11,524	7,570	5,208	3,546	3,062
Operating Income	13,080	8,213	2,766	633.67	619.14
Interest Expense	-978.48	-799.71	-367.21	-73.13	-29.95
Interest & Investment Income	127.82	287.85	400.28	19.83	15.66
Currency Exchange Gain (Loss)	-	-	-	-2.78	82.45
Other Non Operating Income (Expenses)	-221.62	-287.19	-168.48	-108	-122.16
EBT Excluding Unusual Items	12,007	7,414	2,630	469.58	565.15
Other Unusual Items	-	-927.2	-	-	-
Pretax Income	12,007	6,486	2,630	469.58	565.15
Income Tax Expense	2,266	1,653	675.61	160.25	283.12
Net Income	9,742	4,834	1,955	309.34	282.03
Net Income to Common	9,742	4,834	1,955	309.34	282.03
Net Income Growth	101.54%	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)	7.20	3.57	1.44	0.23	0.21
EPS (Diluted)	7.20	3.57	1.44	0.23	0.21
EPS Growth	101.59%	147.22%	531.98%	9.67%	-41.53%
Free Cash Flow	1,639	1,739	-1,530	-623.93	308.84
Free Cash Flow Per Share	1.21	1.28	-1.13	-0.46	0.23
Dividend Per Share	1.200	0.600	0.300	0.165	0.165
Dividend Growth	100.00%	100.00%	81.82%	-	-
Gross Margin	55.34%	54.53%	48.19%	37.57%	42.52%
Operating Margin	29.42%	28.38%	16.71%	5.70%	7.15%
Profit Margin	21.91%	16.70%	11.81%	2.78%	3.26%
Free Cash Flow Margin	3.69%	6.01%	-9.25%	-5.61%	3.57%
EBITDA	15,556	10,564	4,918	2,655	2,491
EBITDA Margin	34.99%	36.50%	29.72%	23.86%	28.77%
D&A For EBITDA	2,476	2,352	2,152	2,021	1,872
EBIT	13,080	8,213	2,766	633.67	619.14
EBIT Margin	29.42%	28.38%	16.71%	5.70%	7.15%
Effective Tax Rate	18.87%	25.48%	25.69%	34.13%	50.10%
Advertising Expenses	540.33	330.38	134.85	18.58	57.72

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