The Initiates Plc (NGX:TIP)
Nigeria · Delayed Price · Currency is NGN 25.00
-0.90 (-3.47%)
At close: Sep 4, 2026
The Initiates Income Statement
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 |
| 15,261 | 11,699 | 4,663 | 1,849 | 841.47 | 333.9 | |
Revenue Growth | 116.89% | 150.86% | 152.15% | 119.79% | 152.01% | -25.47% |
Cost of Revenue | 7,361 | 5,586 | 2,208 | 1,202 | 661.11 | 281.59 |
Gross Profit | 7,900 | 6,113 | 2,456 | 647.84 | 180.36 | 52.31 |
Selling, General & Admin | 727.19 | 591.41 | 250.75 | 165.72 | 175.59 | 98.28 |
Other Operating Expenses | 131.84 | 87.97 | 19.27 | 13.56 | 1.88 | -20.87 |
Operating Expenses | 1,240 | 996.91 | 449.94 | 188.38 | 185.13 | 86.28 |
Operating Income | 6,660 | 5,116 | 2,006 | 459.47 | -4.77 | -33.97 |
Interest Expense | -12.56 | -34.23 | -66.62 | -59.91 | -3.07 | -20.3 |
Interest & Investment Income | 101.4 | 38.74 | 138.51 | - | 0 | - |
Earnings From Equity Investments | 206 | 206 | - | - | - | - |
Currency Exchange Gain (Loss) | -226.61 | -226.61 | 10.98 | 146.66 | 5.07 | 4.19 |
Other Non Operating Income (Expenses) | -62.53 | -62.53 | -36.37 | -26.45 | -40.6 | -12.16 |
EBT Excluding Unusual Items | 6,666 | 5,037 | 2,052 | 519.77 | -43.37 | -62.24 |
Gain (Loss) on Sale of Assets | 5.13 | 5.13 | - | - | - | - |
Other Unusual Items | 29.42 | 29.42 | - | - | - | - |
Pretax Income | 6,700 | 5,072 | 2,052 | 519.77 | -43.37 | -62.24 |
Income Tax Expense | 2,485 | 1,683 | 672.76 | 171.55 | 10.33 | 15 |
Net Income | 4,215 | 3,388 | 1,380 | 348.23 | -53.7 | -77.24 |
Net Income to Common | 4,215 | 3,388 | 1,380 | 348.23 | -53.7 | -77.24 |
Net Income Growth | 97.92% | 145.57% | 296.20% | - | - | - |
Shares Outstanding (Basic) | 1,445 | 890 | 890 | 890 | 890 | 890 |
Shares Outstanding (Diluted) | 1,445 | 890 | 890 | 890 | 890 | 890 |
Shares Change | 62.36% | - | - | - | - | - |
EPS (Basic) | 2.92 | 3.81 | 1.55 | 0.39 | -0.06 | -0.09 |
EPS (Diluted) | 2.92 | 3.81 | 1.55 | 0.39 | -0.06 | -0.09 |
EPS Growth | 21.91% | 145.61% | 297.44% | - | - | - |
Additional Metrics
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 |
Free Cash Flow | 1,847 | 2,973 | 136.9 | -1.28 | -379.68 | -7.44 |
Free Cash Flow Per Share | 1.28 | 3.34 | 0.15 | -0.00 | -0.43 | -0.01 |
Dividend Per Share | 0.500 | 0.300 | 0.100 | 0.060 | - | - |
Dividend Growth | 400.00% | 200.00% | 66.67% | - | - | - |
Gross Margin | 51.77% | 52.25% | 52.66% | 35.03% | 21.43% | 15.67% |
Operating Margin | 43.64% | 43.73% | 43.01% | 24.84% | -0.57% | -10.17% |
Profit Margin | 27.62% | 28.96% | 29.59% | 18.83% | -6.38% | -23.13% |
Free Cash Flow Margin | 12.11% | 25.42% | 2.94% | -0.07% | -45.12% | -2.23% |
EBITDA | 6,867 | 5,262 | 2,073 | 506.73 | 39.15 | 10.29 |
EBITDA Margin | 45.00% | 44.98% | 44.46% | 27.40% | 4.65% | 3.08% |
D&A For EBITDA | 207.24 | 146.38 | 67.43 | 47.26 | 43.92 | 44.26 |
EBIT | 6,660 | 5,116 | 2,006 | 459.47 | -4.77 | -33.97 |
EBIT Margin | 43.64% | 43.73% | 43.01% | 24.84% | -0.57% | -10.17% |
Effective Tax Rate | 37.09% | 33.20% | 32.78% | 33.00% | - | - |
Advertising Expenses | - | 0.92 | - | - | - | - |