Vitafoam Nigeria Plc (NGX:VITAFOAM)

Vitafoam Nigeria Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Revenue	111,367	82,640	52,986	46,310	35,404
Revenue Growth (YoY)	34.76%	55.96%	14.42%	30.80%	51.02%
Cost of Revenue	71,891	52,832	35,382	31,687	22,015
Gross Profit	39,475	29,808	17,605	14,623	13,389
Selling, General & Admin	13,770	10,184	7,448	8,200	5,750
Other Operating Expenses	-1,330	-654	-403.96	-395.26	-328.47
Operating Expenses	12,440	9,600	7,063	7,807	5,439
Operating Income	27,036	20,207	10,542	6,816	7,950
Interest Expense	-5,966	-6,745	-2,024	-477.06	-682.4
Interest & Investment Income	330.03	880.67	1,183	911.46	203.04
Currency Exchange Gain (Loss)	-	-12,723	-3,648	-6.56	-100.35
Other Non Operating Income (Expenses)	-210.79	-27.73	-35.76	-34.32	-37.11
EBT Excluding Unusual Items	21,189	1,592	6,017	7,210	7,333
Gain (Loss) on Sale of Assets	13.57	-64.99	-12.69	4.66	8.44
Pretax Income	21,202	1,527	6,004	7,214	7,342
Income Tax Expense	6,860	574.6	1,630	2,692	2,745
Earnings From Continuing Operations	14,343	952.19	4,374	4,522	4,597
Net Income to Company	14,343	952.19	4,374	4,522	4,597
Minority Interest in Earnings	-988.45	-592.49	-434.52	-298.8	-359.74
Net Income	13,354	359.7	3,939	4,223	4,237
Net Income to Common	13,354	359.7	3,939	4,223	4,237
Net Income Growth	3612.60%	-90.87%	-6.73%	-0.33%	11.15%
Shares Outstanding (Basic)	1,251	1,251	1,251	1,251	1,251
Shares Outstanding (Diluted)	1,251	1,251	1,251	1,251	1,251
EPS (Basic)	10.68	0.29	3.15	3.38	3.39
EPS (Diluted)	10.68	0.29	3.15	3.38	3.39
EPS Growth	3612.61%	-90.87%	-6.73%	-0.33%	11.15%
Free Cash Flow	14,433	2,835	1,183	3,824	-43.15
Free Cash Flow Per Share	11.54	2.27	0.95	3.06	-0.03
Dividend Per Share	-	1.050	1.560	1.520	1.500
Dividend Growth	-	-32.69%	2.63%	1.33%	114.29%
Gross Margin	35.45%	36.07%	33.23%	31.58%	37.82%
Operating Margin	24.28%	24.45%	19.89%	14.72%	22.45%
Profit Margin	11.99%	0.43%	7.43%	9.12%	11.97%
Free Cash Flow Margin	12.96%	3.43%	2.23%	8.26%	-0.12%
EBITDA	28,061	21,267	11,452	7,586	8,451
EBITDA Margin	25.20%	25.74%	21.61%	16.38%	23.87%
D&A For EBITDA	1,026	1,060	910.51	769.68	500.48
EBIT	27,036	20,207	10,542	6,816	7,950
EBIT Margin	24.28%	24.45%	19.89%	14.72%	22.45%
Effective Tax Rate	32.35%	37.63%	27.15%	37.32%	37.39%
Advertising Expenses	829.87	479.93	418.21	843.14	395.45

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.