University Press Income Statement

Financials in millions NGN. Fiscal year is April - March.

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	3,923	3,402	2,632	2,168	2,306	1,419
Revenue Growth (YoY)	19.71%	29.26%	21.40%	-5.96%	62.44%	-31.28%
Cost of Revenue	1,889	1,486	1,205	872.68	1,010	581.16
Gross Profit	2,034	1,917	1,427	1,296	1,296	838.27
Selling, General & Admin	1,865	1,783	1,737	1,156	1,034	827.25
Other Operating Expenses	28.66	-28.82	-32.81	-25.15	-20.79	-16.13
Operating Expenses	1,894	1,754	1,705	1,131	1,013	811.13
Operating Income	139.78	163.14	-277.6	165.01	282.96	27.14
Interest & Investment Income	64.4	78.39	25.58	31.23	32.35	14.97
Currency Exchange Gain (Loss)	58.19	58.19	2.86	0.42	1.75	-
Other Non Operating Income (Expenses)	0	0	-	-	-	-
EBT Excluding Unusual Items	262.37	299.72	-249.16	196.66	317.05	42.11
Gain (Loss) on Sale of Assets	60.33	311.31	19.21	11.79	4.84	6.04
Asset Writedown	7.7	7.7	4.3	11.5	39.3	26.7
Pretax Income	331.4	619.74	-222.18	222.44	361.5	75.29
Income Tax Expense	52.08	169.11	-64.46	80.16	154.01	18.19
Net Income	279.33	450.63	-157.72	142.29	207.49	57.11
Net Income to Common	279.33	450.63	-157.72	142.29	207.49	57.11
Net Income Growth	120.59%	-	-	-31.43%	263.34%	-55.10%
Shares Outstanding (Basic)	429	431	431	431	431	431
Shares Outstanding (Diluted)	429	431	431	431	431	431
EPS (Basic)	0.65	1.04	-0.37	0.33	0.48	0.13
EPS (Diluted)	0.65	1.04	-0.37	0.33	0.48	0.13
EPS Growth	124.02%	-	-	-31.43%	263.34%	-55.10%
Free Cash Flow	273.26	-605.96	394.7	-75.07	121.02	171.22
Free Cash Flow Per Share	0.64	-1.41	0.92	-0.17	0.28	0.40
Dividend Per Share	0.150	0.150	0.025	0.100	0.050	0.050
Dividend Growth	500.00%	500.00%	-75.00%	100.00%	-	-66.67%
Gross Margin	51.84%	56.34%	54.21%	59.75%	56.21%	59.06%
Operating Margin	3.56%	4.79%	-10.55%	7.61%	12.27%	1.91%
Profit Margin	7.12%	13.24%	-5.99%	6.56%	9.00%	4.02%
Free Cash Flow Margin	6.97%	-17.81%	14.99%	-3.46%	5.25%	12.06%
EBITDA	253.25	295.03	-142.54	309.88	452.61	176.71
EBITDA Margin	6.46%	8.67%	-5.42%	14.29%	19.63%	12.45%
D&A For EBITDA	113.47	131.89	135.06	144.87	169.65	149.57
EBIT	139.78	163.14	-277.6	165.01	282.96	27.14
EBIT Margin	3.56%	4.79%	-10.55%	7.61%	12.27%	1.91%
Effective Tax Rate	15.71%	27.29%	-	36.03%	42.60%	24.15%
Advertising Expenses	-	-	-	-	-	22.38

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