NGX:TOTAL Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

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
Revenue	767,634	1,041,904	635,952	482,471	341,316
Revenue Growth (YoY)	-26.32%	63.83%	31.81%	41.36%	66.72%
Cost of Revenue	677,643	917,492	551,409	419,386	284,319
Gross Profit	89,990	124,412	84,543	63,085	56,997
Selling, General & Admin	83,268	75,758	48,926	33,801	31,757
Other Operating Expenses	3,748	6,155	265.42	1,235	1,165
Operating Expenses	87,245	82,085	49,141	35,536	33,179
Operating Income	2,745	42,326	35,402	27,550	23,818
Interest Expense	-25,620	-25,876	-10,201	-5,392	-1,770
Interest & Investment Income	3,629	6,266	3,808	2,257	831.04
Currency Exchange Gain (Loss)	1,484	-4,911	-11,501	71.88	2,163
EBT Excluding Unusual Items	-17,761	17,805	17,508	24,486	25,042
Gain (Loss) on Sale of Assets	5,406	1.62	241.02	153.57	-101.57
Legal Settlements	-145.2	-260.57	-167.85	-107.54	-105.33
Other Unusual Items	-	24,710	-	-	-
Pretax Income	-12,500	42,256	17,581	24,532	24,836
Income Tax Expense	4,678	14,760	4,668	8,414	7,973
Net Income	-17,178	27,496	12,913	16,118	16,862
Net Income to Common	-17,178	27,496	12,913	16,118	16,862
Net Income Growth	-	112.94%	-19.89%	-4.41%	717.21%
Shares Outstanding (Basic)	340	340	340	340	340
Shares Outstanding (Diluted)	340	340	340	340	340
EPS (Basic)	-50.59	80.99	38.03	47.47	49.66
EPS (Diluted)	-50.59	80.99	38.03	47.47	49.66
EPS Growth	-	112.94%	-19.89%	-4.41%	717.21%
Free Cash Flow	-5,294	-15,270	-7,265	-6,874	52,545
Free Cash Flow Per Share	-15.59	-44.97	-21.40	-20.25	154.76
Dividend Per Share	-	40.000	25.000	25.000	22.200
Dividend Growth	-	60.00%	-	12.61%	265.13%
Gross Margin	11.72%	11.94%	13.29%	13.08%	16.70%
Operating Margin	0.36%	4.06%	5.57%	5.71%	6.98%
Profit Margin	-2.24%	2.64%	2.03%	3.34%	4.94%
Free Cash Flow Margin	-0.69%	-1.47%	-1.14%	-1.43%	15.39%
EBITDA	12,625	49,005	41,241	32,911	28,870
EBITDA Margin	1.65%	4.70%	6.49%	6.82%	8.46%
D&A For EBITDA	9,879	6,678	5,839	5,361	5,051
EBIT	2,745	42,326	35,402	27,550	23,818
EBIT Margin	0.36%	4.06%	5.57%	5.71%	6.98%
Effective Tax Rate	-	34.93%	26.55%	34.30%	32.10%
Advertising Expenses	1,420	1,930	613.45	625.93	628.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.