The Initiates Plc (NGX:TIP)
Nigeria · Delayed Price · Currency is NGN 12.30
-0.57 (-4.43%)
At close: Aug 22, 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 | 2016 - 2020 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 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 | 2016 - 2020 |
| 7,037 | 4,663 | 1,849 | 841.47 | 333.9 | 448.01 | Upgrade | |
Revenue Growth (YoY) | 201.45% | 152.15% | 119.79% | 152.01% | -25.47% | -18.57% | Upgrade |
Cost of Revenue | 3,368 | 2,208 | 1,202 | 661.11 | 281.59 | 337.61 | Upgrade |
Gross Profit | 3,669 | 2,456 | 647.84 | 180.36 | 52.31 | 110.4 | Upgrade |
Selling, General & Admin | 353.86 | 250.75 | 165.72 | 175.59 | 98.28 | 105.15 | Upgrade |
Other Operating Expenses | 7.92 | 19.27 | 13.56 | 1.88 | -20.87 | -7.98 | Upgrade |
Operating Expenses | 545.13 | 449.94 | 188.38 | 185.13 | 86.28 | 111.19 | Upgrade |
Operating Income | 3,124 | 2,006 | 459.47 | -4.77 | -33.97 | -0.79 | Upgrade |
Interest Expense | -47.39 | -66.62 | -59.91 | -3.07 | -20.3 | -0.93 | Upgrade |
Interest & Investment Income | 191.21 | 138.51 | - | 0 | - | 0.1 | Upgrade |
Currency Exchange Gain (Loss) | 10.98 | 10.98 | 146.66 | 5.07 | 4.19 | 5.8 | Upgrade |
Other Non Operating Income (Expenses) | -46.84 | -36.37 | -26.45 | -40.6 | -12.16 | -8.43 | Upgrade |
EBT Excluding Unusual Items | 3,232 | 2,052 | 519.77 | -43.37 | -62.24 | -4.24 | Upgrade |
Gain (Loss) on Sale of Assets | - | - | - | - | - | -1.44 | Upgrade |
Pretax Income | 3,232 | 2,052 | 519.77 | -43.37 | -62.24 | -5.68 | Upgrade |
Income Tax Expense | 1,050 | 672.76 | 171.55 | 10.33 | 15 | 78.14 | Upgrade |
Net Income | 2,182 | 1,380 | 348.23 | -53.7 | -77.24 | -83.82 | Upgrade |
Net Income to Common | 2,182 | 1,380 | 348.23 | -53.7 | -77.24 | -83.82 | Upgrade |
Net Income Growth | 404.65% | 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) | 2.45 | 1.55 | 0.39 | -0.06 | -0.09 | -0.09 | Upgrade |
EPS (Diluted) | 2.45 | 1.55 | 0.39 | -0.06 | -0.09 | -0.09 | Upgrade |
EPS Growth | 405.93% | 297.44% | - | - | - | - | Upgrade |
Free Cash Flow | 373.69 | 136.9 | -1.28 | -379.68 | -7.44 | -17.23 | Upgrade |
Free Cash Flow Per Share | 0.42 | 0.15 | -0.00 | -0.43 | -0.01 | -0.02 | Upgrade |
Dividend Per Share | 0.100 | 0.100 | 0.060 | - | - | - | Upgrade |
Dividend Growth | 66.67% | 66.67% | - | - | - | - | Upgrade |
Gross Margin | 52.14% | 52.66% | 35.03% | 21.43% | 15.67% | 24.64% | Upgrade |
Operating Margin | 44.40% | 43.01% | 24.84% | -0.57% | -10.17% | -0.18% | Upgrade |
Profit Margin | 31.01% | 29.59% | 18.83% | -6.38% | -23.13% | -18.71% | Upgrade |
Free Cash Flow Margin | 5.31% | 2.94% | -0.07% | -45.12% | -2.23% | -3.85% | Upgrade |
EBITDA | 3,169 | 2,073 | 506.73 | 39.15 | 10.29 | 42.19 | Upgrade |
EBITDA Margin | 45.04% | 44.46% | 27.40% | 4.65% | 3.08% | 9.42% | Upgrade |
D&A For EBITDA | 45.03 | 67.43 | 47.26 | 43.92 | 44.26 | 42.97 | Upgrade |
EBIT | 3,124 | 2,006 | 459.47 | -4.77 | -33.97 | -0.79 | Upgrade |
EBIT Margin | 44.40% | 43.01% | 24.84% | -0.57% | -10.17% | -0.18% | Upgrade |
Effective Tax Rate | 32.49% | 32.78% | 33.00% | - | - | - | Upgrade |
Advertising Expenses | - | - | - | - | - | 0.57 | Upgrade |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.