University Press Income Statement

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

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	3,895	3,402	2,632	2,168	2,306
Revenue Growth (YoY)	14.46%	29.26%	21.40%	-5.96%	62.44%
Cost of Revenue	1,775	1,486	1,205	872.68	1,010
Gross Profit	2,120	1,917	1,427	1,296	1,296
Selling, General & Admin	1,901	1,783	1,737	1,156	1,034
Other Operating Expenses	-16.76	-28.82	-32.81	-25.15	-20.79
Operating Expenses	1,884	1,754	1,705	1,131	1,013
Operating Income	235.98	163.14	-277.6	165.01	282.96
Interest & Investment Income	51.36	78.39	25.58	31.23	32.35
Currency Exchange Gain (Loss)	-	58.19	2.86	0.42	1.75
Other Non Operating Income (Expenses)	-	0	-	-	-
EBT Excluding Unusual Items	287.34	299.72	-249.16	196.66	317.05
Gain (Loss) on Sale of Assets	38.2	311.31	19.21	11.79	4.84
Asset Writedown	-	7.7	4.3	11.5	39.3
Pretax Income	325.53	619.74	-222.18	222.44	361.5
Income Tax Expense	130.24	169.11	-64.46	80.16	154.01
Net Income	195.29	450.63	-157.72	142.29	207.49
Net Income to Common	195.29	450.63	-157.72	142.29	207.49
Net Income Growth	-56.66%	-	-	-31.43%	263.34%
Shares Outstanding (Basic)	434	431	431	431	431
Shares Outstanding (Diluted)	434	431	431	431	431
Shares Change (YoY)	0.60%	-	-	-	-
EPS (Basic)	0.45	1.04	-0.37	0.33	0.48
EPS (Diluted)	0.45	1.04	-0.37	0.33	0.48
EPS Growth	-56.92%	-	-	-31.43%	263.34%
Free Cash Flow	-86.38	-605.96	394.7	-75.07	121.02
Free Cash Flow Per Share	-0.20	-1.41	0.92	-0.17	0.28
Dividend Per Share	-	0.150	0.025	0.100	0.050
Dividend Growth	-	500.00%	-75.00%	100.00%	-
Gross Margin	54.43%	56.34%	54.21%	59.75%	56.21%
Operating Margin	6.06%	4.79%	-10.55%	7.61%	12.27%
Profit Margin	5.01%	13.24%	-5.99%	6.56%	9.00%
Free Cash Flow Margin	-2.22%	-17.81%	14.99%	-3.46%	5.25%
EBITDA	343.05	295.03	-142.54	309.88	452.61
EBITDA Margin	8.81%	8.67%	-5.42%	14.29%	19.63%
D&A For EBITDA	107.07	131.89	135.06	144.87	169.65
EBIT	235.98	163.14	-277.6	165.01	282.96
EBIT Margin	6.06%	4.79%	-10.55%	7.61%	12.27%
Effective Tax Rate	40.01%	27.29%	-	36.03%	42.60%

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