C & I Leasing Plc (NGX:CILEASING)

C & I Leasing Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	34,640	32,601	20,016	15,082	15,720	17,852
Other Revenue	561.31	591.39	565.69	2,065	1,609	799.24
Revenue	35,201	33,192	20,581	17,146	17,329	18,651
Revenue Growth (YoY)	21.98%	61.27%	20.03%	-1.05%	-7.09%	-21.94%
Cost of Revenue	8,990	10,917	7,610	6,506	5,895	6,557
Gross Profit	26,211	22,275	12,972	10,640	11,434	12,094
Selling, General & Admin	2,023	1,961	1,518	1,521	1,325	1,444
Other Operating Expenses	2,411	2,215	1,087	912.94	1,096	1,055
Operating Expenses	13,876	12,203	7,400	5,572	6,664	6,470
Operating Income	12,335	10,072	5,572	5,068	4,769	5,624
Interest Expense	-13,004	-10,557	-6,359	-4,740	-5,033	-5,479
Earnings From Equity Investments	3,217	3,217	1,488	757.92	591.62	381.25
Currency Exchange Gain (Loss)	207.12	-	33.78	-29.58	148.61	-56.19
Other Non Operating Income (Expenses)	-135.29	-135.29	731.82	-67.16	-17.18	9.59
EBT Excluding Unusual Items	2,619	2,597	1,466	989.08	459.21	480.16
Asset Writedown	29.2	-	-	-	-	-
Pretax Income	2,726	2,683	1,548	1,015	541.9	490.13
Income Tax Expense	1,026	1,078	1,275	438.22	510.62	168.89
Earnings From Continuing Operations	1,700	1,605	273.33	577.27	31.28	321.24
Net Income to Company	1,700	1,605	273.33	577.27	31.28	321.24
Minority Interest in Earnings	-452.82	-467.13	-68.91	-95.49	-55.71	-10.73
Net Income	1,247	1,138	204.42	481.78	-24.43	310.51
Net Income to Common	1,247	1,138	204.42	481.78	-24.43	310.51
Net Income Growth	34.98%	456.49%	-57.57%	-	-	-69.54%
Shares Outstanding (Basic)	2,238	1,648	1,303	1,303	1,303	1,303
Shares Outstanding (Diluted)	2,238	1,648	2,949	2,949	1,303	2,949
Shares Change (YoY)	14.92%	-44.10%	-	126.34%	-55.82%	337.63%
EPS (Basic)	0.56	0.69	0.16	0.37	-0.02	0.24
EPS (Diluted)	0.56	0.69	0.07	0.16	-0.02	0.11
EPS Growth	18.41%	895.81%	-57.59%	-	-	-93.04%
Free Cash Flow	12,353	12,636	7,229	3,960	773.26	5,952
Free Cash Flow Per Share	5.52	7.67	2.45	1.34	0.59	2.02
Dividend Per Share	0.100	0.100	0.030	-	-	0.030
Dividend Growth	233.33%	233.33%	-	-	-	-
Gross Margin	74.46%	67.11%	63.03%	62.05%	65.98%	64.84%
Operating Margin	35.04%	30.34%	27.07%	29.55%	27.52%	30.15%
Profit Margin	3.54%	3.43%	0.99%	2.81%	-0.14%	1.67%
Free Cash Flow Margin	35.09%	38.07%	35.12%	23.09%	4.46%	31.91%
EBITDA	20,328	18,035	10,183	8,137	4,936	5,820
EBITDA Margin	57.75%	54.34%	49.48%	47.46%	28.48%	31.20%
D&A For EBITDA	7,993	7,963	4,611	3,070	166.58	195.87
EBIT	12,335	10,072	5,572	5,068	4,769	5,624
EBIT Margin	35.04%	30.34%	27.07%	29.55%	27.52%	30.15%
Effective Tax Rate	37.65%	40.19%	82.34%	43.15%	94.23%	34.46%
Advertising Expenses	-	17.85	5.55	8.42	7.18	17.38

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