The Initiates Plc (NGX:TIP)

Market Cap	4.27B
Revenue (ttm)	4.66B
Net Income (ttm)	1.38B
Shares Out	889.98M
EPS (ttm)	1.55
PE Ratio	3.10
Forward PE	n/a
Dividend	0.10 (2.00%)
Ex-Dividend Date	Apr 7, 2025

Volume	913,476
Average Volume	1,122,458
Open	4.500
Previous Close	5.000
Day's Range	4.500 - 4.800
52-Week Range	1.700 - 5.000
Beta	-0.38
RSI	63.06
Earnings Date	Apr 28, 2025

About The Initiates

The Initiates Plc, a waste management company, provides industrial cleaning and decontamination services to the private and public sectors. The company offers thermal desorption; onsite drilling waste management, waste incineration, E-waste processing, and consultancy, as well as decontamination services comprising asbestos management, and soil and groundwater remediation. It also offers industrial cleaning and decontamination services comprising surface, pipelines and sewers, and heat exchangers tube and fins cleaning, as well as FPSOs, tanks,...

• Industry: Sanitary Services
• Founded: 1995
• Employees: 55
• Stock Exchange: Nigerian Stock Exchange
• Ticker Symbol: TIP

Financial Performance

In 2024, The Initiates's revenue was 4.66 billion, an increase of 152.15% compared to the previous year's 1.85 billion. Earnings were 1.38 billion, an increase of 296.20%.