The Initiates Plc (NGX:TIP)

Revenue by Segment

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Industrial Cleaning Services	1.48B	1.02B	815.92M	362.64M	136.46M
Industrial Cleaning Services Growth	44.59%	25.34%	125.00%	165.75%	300.27%
Waste Management Services (Inc. E-Waste Services)	10.22B	3.64B	1.03B	478.83M	197.44M
Waste Management Services (Inc. E-Waste Services) Growth	180.71%	252.26%	115.85%	142.52%	-33.66%
Total	11.70B	4.66B	1.85B	841.47M	333.90M
Total Growth	150.86%	152.15%	119.79%	152.01%	-25.47%

Revenue by Geography

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Nigeria	11.70B	4.66B	1.85B	841.47M	333.90M
Nigeria Growth	150.86%	152.15%	119.79%	152.01%	-25.47%
Total	11.70B	4.66B	1.85B	841.47M	333.90M
Total Growth	150.86%	152.15%	119.79%	152.01%	-25.47%

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jun 15, 2026

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