Union Dicon Salt 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	11.88	-	-	-	-
Cost of Revenue	19.18	9.31	3.19	4.08	2.47
Gross Profit	-7.3	-9.31	-3.19	-4.08	-2.47
Selling, General & Admin	250.85	359.41	81.83	179.61	110.36
Other Operating Expenses	-414.35	-264.13	-298.22	-136.76	-150.14
Operating Expenses	-144.34	96.35	-214.69	43.97	-39.13
Operating Income	137.04	-105.66	211.5	-48.05	36.66
Interest & Investment Income	3.5	3.9	3.96	3.38	3.38
Other Non Operating Income (Expenses)	-9.41	-0.66	-63.26	-0.29	-0.06
EBT Excluding Unusual Items	131.14	-102.42	152.21	-44.96	39.97
Asset Writedown	-	-	-57.98	-	-
Pretax Income	131.14	-102.42	94.22	-44.96	39.97
Income Tax Expense	50.35	1.34	32.98	-33.52	1.42
Net Income	80.78	-103.76	61.24	-11.44	38.55
Net Income to Common	80.78	-103.76	61.24	-11.44	38.55
Net Income Growth	-	-	-	-	-94.36%
Shares Outstanding (Basic)	273	273	273	273	273
Shares Outstanding (Diluted)	273	273	273	273	273
EPS (Basic)	0.30	-0.38	0.22	-0.04	0.14
EPS (Diluted)	0.30	-0.38	0.22	-0.04	0.14
EPS Growth	-	-	-	-	-94.36%
Free Cash Flow	13,469	588.26	-90.87	76.12	2.02
Free Cash Flow Per Share	49.27	2.15	-0.33	0.28	0.01
Gross Margin	-61.41%	-	-	-	-
Operating Margin	1153.15%	-	-	-	-
Profit Margin	679.77%	-	-	-	-
Free Cash Flow Margin	113338.12%	-	-	-	-
EBITDA	156.21	-103.97	213.2	-46.94	37.31
EBITDA Margin	1314.42%	-	-	-	-
D&A For EBITDA	19.17	1.69	1.69	1.11	0.65
EBIT	137.04	-105.66	211.5	-48.05	36.66
EBIT Margin	1153.15%	-	-	-	-
Effective Tax Rate	38.40%	-	35.00%	-	3.56%
Advertising Expenses	19.96	4.98	2.63	4.44	0.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.