The Initiates Plc (NGX:TIP)
Nigeria
· Delayed Price · Currency is NGN 18.30
-0.20 (-1.08%)
At close: Mar 5, 2026
The Initiates 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 | 2020 - 2016 |
|---|---|---|---|---|---|---|
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 | 2020 - 2016 |
| Revenue | 11,699 | 4,663 | 1,849 | 841.47 | 333.9 | Upgrade
|
| Revenue Growth (YoY) | 150.86% | 152.15% | 119.79% | 152.01% | -25.47% | Upgrade
|
| Cost of Revenue | 5,728 | 2,208 | 1,202 | 661.11 | 281.59 | Upgrade
|
| Gross Profit | 5,971 | 2,456 | 647.84 | 180.36 | 52.31 | Upgrade
|
| Selling, General & Admin | 680.73 | 250.75 | 165.72 | 175.59 | 98.28 | Upgrade
|
| Other Operating Expenses | 236.95 | 19.27 | 13.56 | 1.88 | -20.87 | Upgrade
|
| Operating Expenses | 970.37 | 449.94 | 188.38 | 185.13 | 86.28 | Upgrade
|
| Operating Income | 5,000 | 2,006 | 459.47 | -4.77 | -33.97 | Upgrade
|
| Interest Expense | -34.23 | -66.62 | -59.91 | -3.07 | -20.3 | Upgrade
|
| Interest & Investment Income | 38.74 | 138.51 | - | 0 | - | Upgrade
|
| Currency Exchange Gain (Loss) | - | 10.98 | 146.66 | 5.07 | 4.19 | Upgrade
|
| Other Non Operating Income (Expenses) | -5.99 | -36.37 | -26.45 | -40.6 | -12.16 | Upgrade
|
| EBT Excluding Unusual Items | 4,999 | 2,052 | 519.77 | -43.37 | -62.24 | Upgrade
|
| Pretax Income | 4,999 | 2,052 | 519.77 | -43.37 | -62.24 | Upgrade
|
| Income Tax Expense | 1,612 | 672.76 | 171.55 | 10.33 | 15 | Upgrade
|
| Net Income | 3,386 | 1,380 | 348.23 | -53.7 | -77.24 | Upgrade
|
| Net Income to Common | 3,386 | 1,380 | 348.23 | -53.7 | -77.24 | Upgrade
|
| Net Income Growth | 145.45% | 296.20% | - | - | - | Upgrade
|
| Shares Outstanding (Basic) | 889 | 890 | 890 | 890 | 890 | Upgrade
|
| Shares Outstanding (Diluted) | 889 | 890 | 890 | 890 | 890 | Upgrade
|
| Shares Change (YoY) | -0.13% | - | - | - | - | Upgrade
|
| EPS (Basic) | 3.81 | 1.55 | 0.39 | -0.06 | -0.09 | Upgrade
|
| EPS (Diluted) | 3.81 | 1.55 | 0.39 | -0.06 | -0.09 | Upgrade
|
| EPS Growth | 145.81% | 297.44% | - | - | - | Upgrade
|
| Free Cash Flow | 2,998 | 136.9 | -1.28 | -379.68 | -7.44 | Upgrade
|
| Free Cash Flow Per Share | 3.37 | 0.15 | -0.00 | -0.43 | -0.01 | Upgrade
|
| Dividend Per Share | - | 0.100 | 0.060 | - | - | Upgrade
|
| Dividend Growth | - | 66.67% | - | - | - | Upgrade
|
| Gross Margin | 51.04% | 52.66% | 35.03% | 21.43% | 15.67% | Upgrade
|
| Operating Margin | 42.74% | 43.01% | 24.84% | -0.57% | -10.17% | Upgrade
|
| Profit Margin | 28.95% | 29.59% | 18.83% | -6.38% | -23.13% | Upgrade
|
| Free Cash Flow Margin | 25.62% | 2.94% | -0.07% | -45.12% | -2.23% | Upgrade
|
| EBITDA | 5,140 | 2,073 | 506.73 | 39.15 | 10.29 | Upgrade
|
| EBITDA Margin | 43.94% | 44.46% | 27.40% | 4.65% | 3.08% | Upgrade
|
| D&A For EBITDA | 140.19 | 67.43 | 47.26 | 43.92 | 44.26 | Upgrade
|
| EBIT | 5,000 | 2,006 | 459.47 | -4.77 | -33.97 | Upgrade
|
| EBIT Margin | 42.74% | 43.01% | 24.84% | -0.57% | -10.17% | Upgrade
|
| Effective Tax Rate | 32.26% | 32.78% | 33.00% | - | - | Upgrade
|
| Advertising Expenses | 15.38 | - | - | - | - | Upgrade
|
Source: S&P Capital IQ. Standard template. Financial Sources.