UAC of Nigeria PLC (NGX:UACN)

UAC of Nigeria Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	197,614	120,528	109,270	101,377	81,358
Revenue Growth (YoY)	63.96%	10.30%	7.79%	24.61%	2.72%
Cost of Revenue	151,318	99,210	95,033	83,837	65,368
Gross Profit	46,295	21,319	14,237	17,540	15,990
Selling, General & Admin	30,264	20,234	17,312	14,846	13,457
Other Operating Expenses	-2,404	-1,113	-1,202	-808.69	-604.84
Operating Expenses	27,984	19,204	16,227	14,138	12,875
Operating Income	18,311	2,115	-1,990	3,402	3,115
Interest Expense	-6,736	-3,491	-3,466	-1,476	-500.86
Interest & Investment Income	3,655	1,834	1,131	1,471	1,062
Earnings From Equity Investments	1,139	859.6	103.44	-895.44	973.32
Currency Exchange Gain (Loss)	9,373	4,164	326.52	346.53	287.06
Other Non Operating Income (Expenses)	-148.5	-164.59	-106.64	-31.13	-90.93
EBT Excluding Unusual Items	25,594	5,317	-4,002	2,817	4,846
Gain (Loss) on Sale of Investments	41.75	-744.21	95.21	23.75	-7.76
Gain (Loss) on Sale of Assets	173.29	7,814	473.51	128.06	2.21
Asset Writedown	31.55	-186.37	-932.31	1,139	234.27
Other Unusual Items	-12.78	139.96	-	-	10.68
Pretax Income	25,828	12,340	-4,365	4,108	5,085
Income Tax Expense	8,864	3,432	-365.81	1,519	1,697
Earnings From Continuing Operations	16,964	8,908	-4,000	2,589	3,388
Earnings From Discontinued Operations	-	-	6.51	-2.11	469.66
Net Income to Company	16,964	8,908	-3,993	2,587	3,858
Minority Interest in Earnings	-1,883	279.36	914.07	-780.15	-1,266
Net Income	15,081	9,187	-3,079	1,807	2,592
Net Income to Common	15,081	9,187	-3,079	1,807	2,592
Net Income Growth	64.15%	-	-	-30.28%	-
Shares Outstanding (Basic)	2,928	2,926	2,896	2,896	2,881
Shares Outstanding (Diluted)	2,928	2,926	2,896	2,896	2,881
Shares Change (YoY)	0.08%	1.03%	-	0.52%	-
EPS (Basic)	5.15	3.14	-1.06	0.62	0.90
EPS (Diluted)	5.15	3.14	-1.07	0.62	0.90
EPS Growth	64.02%	-	-	-31.16%	-
Free Cash Flow	1,365	-5,489	10,650	-18,991	-3,154
Free Cash Flow Per Share	0.47	-1.88	3.68	-6.56	-1.09
Dividend Per Share	-	0.220	0.220	0.650	0.650
Dividend Growth	-	0%	-66.15%	0%	550.00%
Gross Margin	23.43%	17.69%	13.03%	17.30%	19.65%
Operating Margin	9.27%	1.75%	-1.82%	3.36%	3.83%
Profit Margin	7.63%	7.62%	-2.82%	1.78%	3.19%
Free Cash Flow Margin	0.69%	-4.55%	9.75%	-18.73%	-3.88%
EBITDA	21,536	5,075	506.44	5,541	5,136
EBITDA Margin	10.90%	4.21%	0.46%	5.47%	6.31%
D&A For EBITDA	3,224	2,960	2,496	2,139	2,021
EBIT	18,311	2,115	-1,990	3,402	3,115
EBIT Margin	9.27%	1.75%	-1.82%	3.36%	3.83%
Effective Tax Rate	34.32%	27.81%	-	36.98%	33.36%

Source: S&P Capital IQ. Standard template. Financial Sources.