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	13.63	-	-	-	-
Cost of Revenue	23.09	9.31	3.19	4.08	2.47
Gross Profit	-9.46	-9.31	-3.19	-4.08	-2.47
Selling, General & Admin	238.55	302.99	81.83	179.61	110.36
Other Operating Expenses	-292.37	-264.13	-298.22	-136.76	-150.14
Operating Expenses	-53.82	39.94	-214.69	43.97	-39.13
Operating Income	44.35	-49.25	211.5	-48.05	36.66
Interest & Investment Income	-	3.9	3.96	3.38	3.38
Other Non Operating Income (Expenses)	-61.45	-57.08	-63.26	-0.29	-0.06
EBT Excluding Unusual Items	-17.1	-102.42	152.21	-44.96	39.97
Asset Writedown	-	-	-57.98	-	-
Pretax Income	-17.1	-102.42	94.22	-44.96	39.97
Income Tax Expense	-	1.34	32.98	-33.52	1.42
Net Income	-17.1	-103.76	61.24	-11.44	38.55
Net Income to Common	-17.1	-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)	-0.06	-0.38	0.22	-0.04	0.14
EPS (Diluted)	-0.06	-0.38	0.22	-0.04	0.14
EPS Growth	-	-	-	-	-94.36%
Free Cash Flow	-	588.26	-90.87	76.12	2.02
Free Cash Flow Per Share	-	2.15	-0.33	0.28	0.01
Gross Margin	-69.42%	-	-	-	-
Operating Margin	325.38%	-	-	-	-
Profit Margin	-125.45%	-	-	-	-
EBITDA	62.14	-47.55	213.2	-46.94	37.31
EBITDA Margin	455.91%	-	-	-	-
D&A For EBITDA	17.79	1.69	1.69	1.11	0.65
EBIT	44.35	-49.25	211.5	-48.05	36.66
EBIT Margin	325.38%	-	-	-	-
Effective Tax Rate	-	-	35.00%	-	3.56%
Advertising Expenses	-	4.98	2.63	4.44	0.15

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