Tantalizers 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	1,291	1,198	1,166	1,164	1,270
Revenue Growth (YoY)	7.71%	2.80%	0.17%	-8.38%	37.46%
Cost of Revenue	827.09	773.33	742.37	748.18	761.7
Gross Profit	463.78	425.16	423.46	415.64	508.58
Selling, General & Admin	742.09	829	862.83	940.29	951.42
Other Operating Expenses	-224.42	-121.41	-143.39	-154.59	-176.82
Operating Expenses	517.67	707.59	719.44	785.71	840.31
Operating Income	-53.88	-282.43	-295.99	-370.07	-331.73
Interest Expense	-22.56	-61.67	-95.53	-72.45	-73.42
Interest & Investment Income	85.4	-	-	4.2	14.32
Other Non Operating Income (Expenses)	-4.45	-7.99	-9.8	-5.97	-8.01
EBT Excluding Unusual Items	4.5	-352.09	-401.31	-444.28	-398.83
Gain (Loss) on Sale of Assets	10.3	1.88	8.63	323.88	178.15
Other Unusual Items	71	90.62	107.77	-121.39	20.81
Pretax Income	85.8	-259.59	-284.91	-241.79	-199.87
Income Tax Expense	17.16	5.99	5.83	22.3	14.95
Net Income	68.64	-265.59	-290.74	-264.09	-214.82
Net Income to Common	68.64	-265.59	-290.74	-264.09	-214.82
Shares Outstanding (Basic)	6,864	5,000	3,212	3,212	3,212
Shares Outstanding (Diluted)	6,864	5,000	3,212	3,212	3,212
Shares Change (YoY)	37.28%	55.68%	-	-	-
EPS (Basic)	0.01	-0.05	-0.09	-0.08	-0.07
EPS (Diluted)	0.01	-0.05	-0.09	-0.08	-0.07
Free Cash Flow	173	370.09	82.17	-584.21	-141.48
Free Cash Flow Per Share	0.03	0.07	0.03	-0.18	-0.04
Gross Margin	35.93%	35.48%	36.32%	35.71%	40.04%
Operating Margin	-4.17%	-23.57%	-25.39%	-31.80%	-26.11%
Profit Margin	5.32%	-22.16%	-24.94%	-22.69%	-16.91%
Free Cash Flow Margin	13.40%	30.88%	7.05%	-50.20%	-11.14%
EBITDA	14.01	-197.77	-201.27	-227.43	-140.81
EBITDA Margin	1.08%	-16.50%	-17.26%	-19.54%	-11.09%
D&A For EBITDA	67.89	84.66	94.72	142.64	190.92
EBIT	-53.88	-282.43	-295.99	-370.07	-331.73
EBIT Margin	-4.17%	-23.57%	-25.39%	-31.80%	-26.11%
Effective Tax Rate	20.00%	-	-	-	-
Advertising Expenses	6.03	11.08	16.3	60.09	34.98

Source: S&P Global Market Intelligence. Standard template. Financial Sources.