The Initiates Plc (NGX:TIP)
Nigeria · Delayed Price · Currency is NGN 26.00
+1.00 (4.00%)
At close: Aug 14, 2026
The Initiates Financials Overview
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 Revenue Growth | 15,211 | 11,699 | 4,663 | 1,849 | 841.47 | 333.9 |
Revenue Growth | 114.63% | 150.86% | 152.15% | 119.79% | 152.01% | -25.47% |
Gross Profit Gross Profit Growth | 7,786 | 6,113 | 2,456 | 647.84 | 180.36 | 52.31 |
Operating Income Operating Income Growth | 6,789 | 5,116 | 2,006 | 459.47 | -4.77 | -33.97 |
Net Income Net Income Growth | 4,277 | 3,388 | 1,380 | 348.23 | -53.7 | -77.24 |
Earnings Per Share EPS Growth | 2.97 | 3.81 | 1.55 | 0.39 | -0.06 | -0.09 |
EPS Growth | 27.66% | 145.61% | 297.44% | - | - | - |
| 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 |
Industrial Cleaning Services Industrial Cleaning Services Growth | 1,479 | 1,023 | 815.92 | 362.64 | 136.46 |
Waste Management Services (Inc. E-Waste Services) Waste Management Services (Inc. E-Waste Services) Growth | 10,220 | 3,641 | 1,034 | 478.83 | 197.44 |
Total Total Growth | 11,699 | 4,663 | 1,849 | 841.47 | 333.9 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash & Investments Cash & Investments Growth | 5,680 | 2,542 | 47.58 | 199.66 | 159.03 | 658.18 |
Total Debt Total Debt Growth | - | 98 | 528.81 | 819.82 | 700 | 700 |
Net Cash (Debt) Net Cash Growth | 5,680 | 2,444 | -481.23 | -620.15 | -540.97 | -41.82 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | 3.94 | 2.75 | -0.54 | -0.70 | -0.61 | -0.05 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Operating Cash Flow Operating Cash Flow Growth | 6,104 | 4,784 | 646.77 | 292.44 | 253.99 | 15.55 |
Capital Expenditures CapEx Growth | -4,910 | -1,810 | -509.87 | -293.72 | -633.68 | -22.99 |
Free Cash Flow Free Cash Flow Growth | 1,194 | 2,973 | 136.9 | -1.28 | -379.68 | -7.44 |
Free Cash Flow Growth | -2.58% | 2072.04% | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Gross Margin | 51.19% | 52.25% | 52.66% | 35.03% | 21.43% | 15.67% |
Operating Margin | 44.63% | 43.73% | 43.01% | 24.84% | -0.57% | -10.17% |
Pretax Margin | 44.55% | 43.35% | 44.01% | 28.10% | -5.15% | -18.64% |
Profit Margin | 28.12% | 28.96% | 29.59% | 18.83% | -6.38% | -23.13% |
FCF Margin | 7.85% | 25.42% | 2.94% | -0.07% | -45.12% | -2.23% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | Aug '26 Aug 17, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 |
Dividend Per Share Dividend Per Share Growth | 0.100 | - | 0.100 | 0.060 |
Dividend Per Share Growth | 0% | - | 66.67% | - |
Dividend Yield | 0.38% | - | 4.57% | 6.14% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 17, 2026 | 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 |
PE Ratio | 8.76 | 3.49 | 1.61 | 2.94 | - | - |
P/FCF Ratio | 19.38 | 3.98 | 16.25 | - | - | - |
PS Ratio | 1.52 | 1.01 | 0.48 | 0.55 | 0.51 | 0.99 |