The Initiates Plc (NGX:TIP)
Nigeria
· Delayed Price · Currency is NGN 9.30
+0.10 (1.09%)
At close: Jul 7, 2025
The Initiates Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| 5,553 | 4,663 | 1,849 | 841.47 | 333.9 | 448.01 | Upgrade
| |
Revenue Growth (YoY) | 182.29% | 152.15% | 119.79% | 152.01% | -25.47% | -18.57% | Upgrade
|
Cost of Revenue | 2,558 | 2,208 | 1,202 | 661.11 | 281.59 | 337.61 | Upgrade
|
Gross Profit | 2,995 | 2,456 | 647.84 | 180.36 | 52.31 | 110.4 | Upgrade
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Selling, General & Admin | 415.92 | 250.75 | 165.72 | 175.59 | 98.28 | 105.15 | Upgrade
|
Other Operating Expenses | 22.61 | 19.27 | 13.56 | 1.88 | -20.87 | -7.98 | Upgrade
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Operating Expenses | 621.33 | 449.94 | 188.38 | 185.13 | 86.28 | 111.19 | Upgrade
|
Operating Income | 2,374 | 2,006 | 459.47 | -4.77 | -33.97 | -0.79 | Upgrade
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Interest Expense | -64.06 | -66.62 | -59.91 | -3.07 | -20.3 | -0.93 | Upgrade
|
Interest & Investment Income | 138.51 | 138.51 | - | 0 | - | 0.1 | Upgrade
|
Currency Exchange Gain (Loss) | 10.98 | 10.98 | 146.66 | 5.07 | 4.19 | 5.8 | Upgrade
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Other Non Operating Income (Expenses) | -36.37 | -36.37 | -26.45 | -40.6 | -12.16 | -8.43 | Upgrade
|
EBT Excluding Unusual Items | 2,423 | 2,052 | 519.77 | -43.37 | -62.24 | -4.24 | Upgrade
|
Gain (Loss) on Sale of Assets | - | - | - | - | - | -1.44 | Upgrade
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Pretax Income | 2,423 | 2,052 | 519.77 | -43.37 | -62.24 | -5.68 | Upgrade
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Income Tax Expense | 797.23 | 672.76 | 171.55 | 10.33 | 15 | 78.14 | Upgrade
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Net Income | 1,626 | 1,380 | 348.23 | -53.7 | -77.24 | -83.82 | Upgrade
|
Net Income to Common | 1,626 | 1,380 | 348.23 | -53.7 | -77.24 | -83.82 | Upgrade
|
Net Income Growth | 296.61% | 296.20% | - | - | - | - | Upgrade
|
Shares Outstanding (Basic) | 890 | 890 | 890 | 890 | 890 | 890 | Upgrade
|
Shares Outstanding (Diluted) | 890 | 890 | 890 | 890 | 890 | 890 | Upgrade
|
EPS (Basic) | 1.83 | 1.55 | 0.39 | -0.06 | -0.09 | -0.09 | Upgrade
|
EPS (Diluted) | 1.83 | 1.55 | 0.39 | -0.06 | -0.09 | -0.09 | Upgrade
|
EPS Growth | 297.66% | 297.44% | - | - | - | - | Upgrade
|
Free Cash Flow | 656.71 | 136.9 | -1.28 | -379.68 | -7.44 | -17.23 | Upgrade
|
Free Cash Flow Per Share | 0.74 | 0.15 | -0.00 | -0.43 | -0.01 | -0.02 | Upgrade
|
Dividend Per Share | 0.100 | 0.100 | 0.060 | - | - | - | Upgrade
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Dividend Growth | 66.67% | 66.67% | - | - | - | - | Upgrade
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Gross Margin | 53.94% | 52.66% | 35.03% | 21.43% | 15.67% | 24.64% | Upgrade
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Operating Margin | 42.75% | 43.01% | 24.84% | -0.57% | -10.17% | -0.18% | Upgrade
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Profit Margin | 29.28% | 29.59% | 18.83% | -6.38% | -23.13% | -18.71% | Upgrade
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Free Cash Flow Margin | 11.83% | 2.94% | -0.07% | -45.12% | -2.23% | -3.85% | Upgrade
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EBITDA | 2,444 | 2,073 | 506.73 | 39.15 | 10.29 | 42.19 | Upgrade
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EBITDA Margin | 44.02% | 44.46% | 27.40% | 4.65% | 3.08% | 9.42% | Upgrade
|
D&A For EBITDA | 70.31 | 67.43 | 47.26 | 43.92 | 44.26 | 42.97 | Upgrade
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EBIT | 2,374 | 2,006 | 459.47 | -4.77 | -33.97 | -0.79 | Upgrade
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EBIT Margin | 42.75% | 43.01% | 24.84% | -0.57% | -10.17% | -0.18% | Upgrade
|
Effective Tax Rate | 32.90% | 32.78% | 33.00% | - | - | - | Upgrade
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Advertising Expenses | - | - | - | - | - | 0.57 | Upgrade
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Source: S&P Global Market Intelligence. Standard template. Financial Sources.