The Initiates Plc (NGX:TIP)

Market Cap	3.63B
Revenue (ttm)	4.57B
Net Income (ttm)	965.94M
Shares Out	889.98M
EPS (ttm)	1.09
PE Ratio	3.74
Forward PE	n/a
Dividend	0.06 (1.47%)
Ex-Dividend Date	Apr 7, 2025

Volume	1,484,000
Average Volume	1,074,895
Open	4.100
Previous Close	4.200
Day's Range	4.080 - 4.200
52-Week Range	1.700 - 4.460
Beta	-0.38
RSI	56.30
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 4.57 billion, an increase of 146.91% compared to the previous year's 1.85 billion. Earnings were 965.94 million, an increase of 177.39%.