VFD Group Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Other Revenue	8,719	6,096	12,143
Revenue	8,719	6,096	12,143
Revenue Growth (YoY)	-	-49.80%	-
Cost of Revenue	554.98	554.98	-
Gross Profit	8,164	5,541	12,143
Selling, General & Admin	4,234	3,391	2,597
Other Operating Expenses	11,028	8,348	6,472
Operating Expenses	17,564	12,853	10,107
Operating Income	-9,400	-7,311	2,035
Earnings From Equity Investments	375.14	375.14	334.81
Currency Exchange Gain (Loss)	3,805	2,130	1,088
Other Non Operating Income (Expenses)	-241.68	-241.68	-
EBT Excluding Unusual Items	-5,462	-5,048	3,458
Gain (Loss) on Sale of Investments	3,322	3,322	2,719
Gain (Loss) on Sale of Assets	71.44	71.44	181.23
Asset Writedown	229.93	229.93	2,223
Other Unusual Items	404.27	404.27	-
Pretax Income	-1,435	-1,021	8,582
Income Tax Expense	-24.63	-270.59	1,746
Earnings From Continuing Operations	-1,410	-750.44	6,836
Minority Interest in Earnings	-1,884	-1,712	-1,476
Net Income	-3,294	-2,463	5,360
Net Income to Common	-3,294	-2,463	5,360
Shares Outstanding (Basic)	1,029	950	950
Shares Outstanding (Diluted)	1,029	950	950
Shares Change (YoY)	-	0.00%	-
EPS (Basic)	-3.20	-2.59	5.64
EPS (Diluted)	-3.20	-2.59	5.64
Free Cash Flow	-29,625	-17,166	20,774
Free Cash Flow Per Share	-28.79	-18.07	21.86
Gross Margin	93.63%	90.90%	100.00%
Operating Margin	-107.82%	-119.94%	16.76%
Profit Margin	-37.78%	-40.40%	44.14%
Free Cash Flow Margin	-339.78%	-281.58%	171.08%
EBITDA	-7,582	-6,350	2,703
EBITDA Margin	-86.96%	-104.17%	22.26%
D&A For EBITDA	1,818	961.3	667.32
EBIT	-9,400	-7,311	2,035
EBIT Margin	-107.82%	-119.94%	16.76%
Effective Tax Rate	-	-	20.34%

Source: S&P Capital IQ. Standard template. Financial Sources.