The Initiates Plc (NGX:TIP)

The Initiates Revenue

The Initiates had revenue of 3.77B NGN in the quarter ending September 30, 2026, with 89.10% growth. This brings the company's total for the last twelve months to 17.04B, up 121.30% year-over-year. In the year 2025, The Initiates had annual revenue of 11.70B with 150.86% growth. That makes The Initiates the 36,296th largest company in the world by revenue and 80th in Nigeria.

• Revenue (ttm): 17.04B
• Revenue Growth: +121.30%
• P/S Ratio: 3.16
• Revenue / Employee: 250.52M
• Employees: 60
• Market Cap: 53.80B

Revenue Chart

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Revenue by Segment

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• Waste Management Services (Inc. E-Waste Services) 10.22B 87.4%
• Industrial Cleaning Services 1.48B 12.6%

Fiscal year ended Dec 31, 2025 See the full The Initiates breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	11.70B	7.04B	150.86%
Dec 31, 2024	4.66B	2.81B	152.15%
Dec 31, 2023	1.85B	1.01B	119.79%
Dec 31, 2022	841.47M	507.57M	152.01%
Dec 31, 2021	333.90M	-114.11M	-25.47%

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Revenue 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:

Nov 5, 2026

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