Vitafoam Nigeria Income Statement

Financials in millions NGN. Fiscal year is October - September.

Millions NGN. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	114,236	111,367	82,640	52,986	46,310	35,404
Revenue Growth (YoY)	21.43%	34.76%	55.96%	14.42%	30.80%	51.02%
Cost of Revenue	72,450	71,891	52,832	35,382	31,687	22,015
Gross Profit	41,786	39,475	29,808	17,605	14,623	13,389
Selling, General & Admin	14,227	13,770	10,184	7,448	8,200	5,750
Other Operating Expenses	-1,330	-1,330	-654	-403.96	-395.26	-328.47
Operating Expenses	12,986	12,440	9,600	7,063	7,807	5,439
Operating Income	28,799	27,036	20,207	10,542	6,816	7,950
Interest Expense	-5,314	-5,966	-6,745	-2,024	-477.06	-682.4
Interest & Investment Income	398.09	330.03	880.67	1,183	911.46	203.04
Currency Exchange Gain (Loss)	-4.43	-	-12,723	-3,648	-6.56	-100.35
Other Non Operating Income (Expenses)	-231.71	-210.79	-27.73	-35.76	-34.32	-37.11
EBT Excluding Unusual Items	23,648	21,189	1,592	6,017	7,210	7,333
Gain (Loss) on Sale of Assets	13.57	13.57	-64.99	-12.69	4.66	8.44
Pretax Income	23,661	21,202	1,527	6,004	7,214	7,342
Income Tax Expense	7,717	6,860	574.6	1,630	2,692	2,745
Earnings From Continuing Operations	15,944	14,343	952.19	4,374	4,522	4,597
Net Income to Company	15,944	14,343	952.19	4,374	4,522	4,597
Minority Interest in Earnings	-1,163	-988.45	-592.49	-434.52	-298.8	-359.74
Net Income	14,781	13,354	359.7	3,939	4,223	4,237
Net Income to Common	14,781	13,354	359.7	3,939	4,223	4,237
Net Income Growth	965.16%	3612.60%	-90.87%	-6.73%	-0.33%	11.15%
Shares Outstanding (Basic)	1,501	1,501	1,501	1,501	1,501	1,501
Shares Outstanding (Diluted)	1,501	1,501	1,501	1,501	1,501	1,501
Shares Change (YoY)	-0.05%	-	-	-	-	-
EPS (Basic)	9.85	8.90	0.24	2.62	2.81	2.82
EPS (Diluted)	9.85	8.90	0.24	2.62	2.81	2.82
EPS Growth	965.71%	3612.63%	-90.87%	-6.73%	-0.33%	11.15%
Free Cash Flow	29,909	14,433	2,835	1,183	3,824	-43.15
Free Cash Flow Per Share	19.93	9.62	1.89	0.79	2.55	-0.03
Dividend Per Share	2.500	2.500	0.875	1.300	1.267	1.250
Dividend Growth	185.71%	185.71%	-32.69%	2.63%	1.34%	114.30%
Gross Margin	36.58%	35.45%	36.07%	33.23%	31.58%	37.82%
Operating Margin	25.21%	24.28%	24.45%	19.89%	14.72%	22.45%
Profit Margin	12.94%	11.99%	0.43%	7.43%	9.12%	11.97%
Free Cash Flow Margin	26.18%	12.96%	3.43%	2.23%	8.26%	-0.12%
EBITDA	29,823	28,061	21,267	11,452	7,586	8,451
EBITDA Margin	26.11%	25.20%	25.74%	21.61%	16.38%	23.87%
D&A For EBITDA	1,023	1,026	1,060	910.51	769.68	500.48
EBIT	28,799	27,036	20,207	10,542	6,816	7,950
EBIT Margin	25.21%	24.28%	24.45%	19.89%	14.72%	22.45%
Effective Tax Rate	32.62%	32.35%	37.63%	27.15%	37.32%	37.39%
Advertising Expenses	-	829.87	479.93	418.21	843.14	395.45

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.