Veritas Kapital Assurance Plc (NGX:VERITASKAP)
Nigeria · Delayed Price · Currency is NGN 1.650
-0.100 (-5.71%)
At close: May 4, 2026
Veritas Kapital Assurance 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 |
Premiums & Annuity Revenue | 7,310 | 9,035 | 4,755 | 2,994 | 2,939 |
Total Interest & Dividend Income | 2,636 | 3,340 | 2,426 | 2,149 | 1,919 |
Gain (Loss) on Sale of Investments | 6.09 | 48.44 | 27.76 | 6.41 | -287.12 |
Other Revenue | 1,335 | 340.09 | 719.29 | 488.77 | 547.25 |
| 11,288 | 12,763 | 7,927 | 5,638 | 5,093 | |
Revenue Growth (YoY) | -11.56% | 61.00% | 40.60% | 10.71% | 8.19% |
Policy Benefits | -3,574 | 9,471 | 3,194 | 1,153 | 1,301 |
Policy Acquisition & Underwriting Costs | 2,921 | 3,766 | 1,779 | 868 | 846.44 |
Amortization of Goodwill & Intangibles | 7.89 | 5 | - | - | - |
Depreciation & Amortization | 440.17 | 360.2 | 275.03 | - | 240.03 |
Selling, General & Administrative | 3,299 | 2,054 | 1,633 | 395.41 | 1,062 |
Other Operating Expenses | 665.94 | 499.2 | 278.98 | 1,593 | 22.06 |
Total Operating Expenses | 6,535 | 18,414 | 8,521 | 5,027 | 4,783 |
Operating Income | 4,753 | -5,651 | -593.54 | 611.16 | 309.8 |
Interest Expense | - | - | - | -2.13 | - |
Currency Exchange Gain (Loss) | -597.43 | 5,087 | 3,502 | 168.4 | 86.03 |
Other Non Operating Income (Expenses) | 36.74 | -80.64 | -17.54 | 3.51 | -57.67 |
EBT Excluding Unusual Items | 4,192 | -644.75 | 2,891 | 780.94 | 338.17 |
Gain (Loss) on Sale of Assets | - | 17.21 | 96.79 | 24.83 | 6.75 |
Other Unusual Items | -22.87 | - | -5.37 | -23.1 | -0.5 |
Pretax Income | 4,169 | -627.55 | 2,982 | 782.67 | 344.41 |
Income Tax Expense | 144.94 | 465.32 | 231.99 | 70.24 | -225.95 |
Earnings From Continuing Ops. | 4,024 | -1,093 | 2,750 | 712.43 | 570.36 |
Minority Interest in Earnings | -290.95 | -131.53 | -174.92 | -171.82 | -65.06 |
Net Income | 3,733 | -1,224 | 2,575 | 540.61 | 505.3 |
Net Income to Common | 3,733 | -1,224 | 2,575 | 540.61 | 505.3 |
Net Income Growth | - | - | 376.38% | 6.99% | -46.28% |
Shares Outstanding (Basic) | 13,867 | 13,867 | 13,867 | 13,867 | 13,867 |
Shares Outstanding (Diluted) | 13,867 | 13,867 | 13,867 | 13,867 | 13,867 |
EPS (Basic) | 0.27 | -0.09 | 0.19 | 0.04 | 0.04 |
EPS (Diluted) | 0.27 | -0.09 | 0.19 | 0.04 | 0.04 |
EPS Growth | - | - | 376.38% | 6.99% | - |
Free Cash Flow | -3,144 | -464.24 | 4,748 | -2,707 | -515.9 |
Free Cash Flow Per Share | -0.23 | -0.03 | 0.34 | -0.20 | -0.04 |
Operating Margin | 42.10% | -44.28% | -7.49% | 10.84% | 6.08% |
Profit Margin | 33.07% | -9.59% | 32.49% | 9.59% | 9.92% |
Free Cash Flow Margin | -27.85% | -3.64% | 59.89% | -48.00% | -10.13% |
EBITDA | 5,045 | -5,396 | -388.49 | 820.13 | 758.12 |
EBITDA Margin | 44.70% | -42.28% | -4.90% | 14.54% | 14.89% |
D&A For EBITDA | 292.62 | 255.55 | 205.06 | 208.97 | 448.32 |
EBIT | 4,753 | -5,651 | -593.54 | 611.16 | 309.8 |
EBIT Margin | 42.10% | -44.28% | -7.49% | 10.84% | 6.08% |
Effective Tax Rate | 3.48% | - | 7.78% | 8.97% | - |
Source: S&P Global Market Intelligence. Insurance template. Financial Sources.