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	Mar '26 Mar 31, 2026	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	117,568	111,379	82,640	52,986	46,310	35,404
Revenue Growth (YoY)	18.73%	34.78%	55.96%	14.42%	30.80%	51.02%
Cost of Revenue	74,222	71,255	52,832	35,382	31,687	22,015
Gross Profit	43,346	40,124	29,808	17,605	14,623	13,389
Selling, General & Admin	14,522	13,671	10,566	7,448	8,200	5,750
Other Operating Expenses	-1,399	-1,314	-654	-403.96	-395.26	-328.47
Operating Expenses	13,070	12,305	9,982	7,063	7,807	5,439
Operating Income	30,276	27,820	19,826	10,542	6,816	7,950
Interest Expense	-4,105	-5,811	-6,773	-2,024	-477.06	-682.4
Interest & Investment Income	771.22	76.95	880.67	1,183	911.46	203.04
Currency Exchange Gain (Loss)	-619.37	-619.37	-12,723	-3,648	-6.56	-100.35
Other Non Operating Income (Expenses)	0.06	-	-	-35.76	-34.32	-37.11
EBT Excluding Unusual Items	26,323	21,467	1,210	6,017	7,210	7,333
Gain (Loss) on Sale of Assets	3.69	13.57	-64.99	-12.69	4.66	8.44
Pretax Income	26,327	21,480	1,145	6,004	7,214	7,342
Income Tax Expense	8,853	6,943	193.13	1,630	2,692	2,745
Earnings From Continuing Operations	17,473	14,537	952.19	4,374	4,522	4,597
Net Income to Company	17,473	14,537	952.19	4,374	4,522	4,597
Minority Interest in Earnings	-1,359	-1,026	-592.49	-434.52	-298.8	-359.74
Net Income	16,115	13,511	359.7	3,939	4,223	4,237
Net Income to Common	16,115	13,511	359.7	3,939	4,223	4,237
Net Income Growth	28.87%	3656.25%	-90.87%	-6.73%	-0.33%	11.15%
Shares Outstanding (Basic)	1,376	1,501	1,501	1,501	1,501	1,501
Shares Outstanding (Diluted)	1,376	1,501	1,501	1,501	1,501	1,501
Shares Change (YoY)	-8.27%	-	-	-	-	-
EPS (Basic)	11.71	9.00	0.24	2.62	2.81	2.82
EPS (Diluted)	11.71	9.00	0.24	2.62	2.81	2.82
EPS Growth	40.46%	3655.63%	-90.87%	-6.73%	-0.33%	11.15%
Free Cash Flow	29,923	14,157	2,835	1,183	3,824	-43.15
Free Cash Flow Per Share	21.74	9.43	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	36.87%	36.02%	36.07%	33.23%	31.58%	37.82%
Operating Margin	25.75%	24.98%	23.99%	19.89%	14.72%	22.45%
Profit Margin	13.71%	12.13%	0.43%	7.43%	9.12%	11.97%
Free Cash Flow Margin	25.45%	12.71%	3.43%	2.23%	8.26%	-0.12%
EBITDA	31,334	28,847	20,886	11,452	7,586	8,451
EBITDA Margin	26.65%	25.90%	25.27%	21.61%	16.38%	23.87%
D&A For EBITDA	1,059	1,027	1,060	910.51	769.68	500.48
EBIT	30,276	27,820	19,826	10,542	6,816	7,950
EBIT Margin	25.75%	24.98%	23.99%	19.89%	14.72%	22.45%
Effective Tax Rate	33.63%	32.32%	16.86%	27.15%	37.32%	37.39%
Advertising Expenses	-	838.15	479.93	418.21	843.14	395.45

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