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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Academy Press

ACADEMY · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Academy Press Plc
Listing
ACADEMY on the Nigerian Exchange, active · ISIN NGACADEMY008 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 March

Overview

Year ended 31 March 2025 · annual report, signed / final · source

  • Revenue

    NGN 4.59 billion

    4,586,083 NGN thousands · p26

    Change not shown.

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    NGN 716 million

    716,486 NGN thousands · p26

    Change not shown.

  • Total assets

    NGN 3.63 billion

    3,628,389 NGN thousands · p27

    Change not shown.

  • Total equity

    NGN 782 million

    782,171 NGN thousands · p27

    Change not shown.

  • Cash from operations

    NGN 97.9 million

    97,903 NGN thousands · p30

    Change not shown.

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the two years come from different filings.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 31 Mar 2025 — annual report, signed / final; reported for the year · source
  • FY to 31 Mar 2024 — annual report, signed / final; reported for the year · source
  • FY to 31 Mar 2023 — annual report, signed / final; comparative in the FY to 31 Mar 2024 filing · source

Income statement

Income statement, NGN thousands. Columns: FY to 31 Mar 2025 — annual report (signed / final), as reported for the year; FY to 31 Mar 2024 — annual report (signed / final), as reported for the year; FY to 31 Mar 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Mar 2025Annual reportreported for the yearFY to 31 Mar 2024Annual reportreported for the yearFY to 31 Mar 2023Annual reportcomparative in FY to 31 Mar 2024 filing
Revenue from contract with customers 4,586,083 4,508,327 4,498,888
Cost of sales (3,207,316) (3,511,905) (3,485,454)
Gross profit 1,378,767 996,422 1,013,434
Selling and distribution expenses (268,653) (261,766) (71,872)
Administrative expenses (834,244) (694,653) (537,880)
Credit loss reversal12 24,850 36,534 (84,548)
Other operating income 996,983 367,590 61,624
Finance costs (125,231) (179,951) (136,703)
Profit before taxation 1,172,472 264,176 244,055
Income tax expense (455,986) (190,565) (214,528)
Profit for the year 716,486 73,611 29,527
Total comprehensive income for the year, net of tax 716,486 73,611 29,853
Non - controlling interest3 (5,910) 1,619 41,667
Remeasurement gain on defined benefit plans4 Not reported in this filing5 –6 466
Related income tax7 Not reported in this filing8 –6 (140)
Other comprehensive income for the year, net of tax Not reported in this filing9 –10 326
  1. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (8)
  1. “Credit loss reversal” is an issuer-specific line, not mapped to a shared definition: Note 10: net reversal of credit loss allowances (a credit).
  2. Printed under different labels across filings: “Credit loss (expense)/reversal”; “Credit loss reversal”.
  3. “Non - controlling interest” is an issuer-specific line, not mapped to a shared definition: Note 29.
  4. “Remeasurement gain on defined benefit plans” is an issuer-specific line, not mapped to a shared definition: OCI, will not be reclassified (note 26.1); 2024 printed '-'.
  5. Not reported in this filing: Not printed: the FY2025 statement of profit or loss and other comprehensive income (p26) has no other comprehensive income lines; 'Profit for the year' 716,486 is followed directly by 'Total comprehensive income for the year, net of tax' 716,486. Text layer.
  6. “Related income tax” is an issuer-specific line, not mapped to a shared definition: OCI (note 15); 2024 printed '-'.
  7. Not reported in this filing: Not printed: the FY2025 statement of profit or loss and other comprehensive income (p26) has no other comprehensive income lines (and no related income tax line); 'Profit for the year' 716,486 is followed directly by 'Total comprehensive income for the year, net of tax' 716,486. Text layer.
  8. Not reported in this filing: Not printed: no other comprehensive income item; profit for the year equals total comprehensive income (p26).

Balance sheet

Balance sheet, NGN thousands. Columns: FY to 31 Mar 2025 — annual report (signed / final), as reported for the year; FY to 31 Mar 2024 — annual report (signed / final), as reported for the year; FY to 31 Mar 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Mar 2025Annual reportreported for the yearFY to 31 Mar 2024Annual reportreported for the yearFY to 31 Mar 2023Annual reportcomparative in FY to 31 Mar 2024 filing
Property, plant and equipment 890,998 782,005 899,764
Intangible asset 1,683 1,426 1,635
Deferred tax asset 77,201 151,565 283,397
Investment in subsidiary1 –2 Not reported in this filing43 Not reported in this filing4
Total non-current assets 969,882 934,996 1,184,796
Inventories 1,204,825 1,140,907 310,029
Trade and other receivables 679,260 751,439 1,144,592
Cash and short term deposits 774,422 278,945 14,972
Total current assets 2,658,507 2,171,291 1,469,593
Total assets 3,628,389 3,106,287 2,654,389
Issued share capital 378,000 378,000 378,000
Share premium 24,511 24,511 24,511
Retained earnings/Accumulated (losses)5 484,175 (162,619) (159,011)
Equity attributable to equity holders of the parent 886,686 239,892 243,500
Non-controlling interests (104,515) (98,605) (100,224)
Total equity 782,171 141,287 143,276
Interest bearing loans and borrowings 292,756 255,713 600,845
Contract liabilities6 –7 681,009 33,474
Deferred income8 94,650 Not reported in this filing93 Not reported in this filing9
Total non-current liabilities 387,406 936,722 659,941
Trade and other payables 1,588,329 1,411,221 1,362,809
Contract liabilities 20,879 Not reported in this filing1110 Not reported in this filing11
Deferred income8 31,550 Not reported in this filing910 Not reported in this filing9
Interest bearing loans and borrowings 61,431 191,296 70,000
Income tax payable 756,623 425,761 418,363
Total current liabilities 2,458,812 2,028,278 1,851,172
Total liabilities 2,846,218 2,965,000 2,511,113
Total equity and liabilities 3,628,389 3,106,287 2,654,389
Employee benefit obligation12 Not reported in this filing13 –7 25,622
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (11)
  1. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 20; nil in the Group columns.
  2. Annual report dated 2025-07-11 presents this line for this year: - (p27). Not shown in this column, which follows one filing's presentation.
  3. Not reported in this filing: Not printed: the FY2024 group statement of financial position (p27) lists non-current assets as Property, plant and equipment, Intangible asset and Deferred tax asset only; there is no 'Investment in subsidiary' line. Text layer.
  4. Printed under different labels across filings: “Accumulated (losses)/Retained earnings”; “Retained earnings/Accumulated (losses)”.
  5. “Contract liabilities” is an issuer-specific line, not mapped to a shared definition: Note 24a.
  6. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 24b.
  7. Not reported in this filing: Not printed: the FY2024 group statement of financial position (p27, 2024 and 2023 columns) prints non-current liabilities as 'Interest bearing loans and borrowings', 'Employee benefit obligation' and 'Contract liabilities' (681,009/33,474, transcribed as non-current contract liabilities), and current liabilities (p28) as 'Trade and other payables', 'Interest bearing loans and borrowings' and 'Income tax payable'; there is no 'Deferred income' line. Text layer.
  8. Annual report dated 2025-07-11 presents this line for this year: - (p28). Not shown in this column, which follows one filing's presentation.
  9. Not reported in this filing: Not printed under current liabilities: the FY2024 group statement of financial position (p27, 2024 and 2023 columns) prints non-current liabilities as 'Interest bearing loans and borrowings', 'Employee benefit obligation' and 'Contract liabilities' (681,009/33,474, transcribed as non-current contract liabilities), and current liabilities (p28) as 'Trade and other payables', 'Interest bearing loans and borrowings' and 'Income tax payable'; no current contract liabilities line. Text layer.
  10. “Employee benefit obligation” is an issuer-specific line, not mapped to a shared definition: Note 26: non-current; 2024 printed '-'.
  11. Not reported in this filing: Not printed: the FY2025 group statement of financial position (p27) lists non-current liabilities as 'Interest bearing loans and borrowings', 'Contract liabilities' and 'Deferred income'; there is no 'Employee benefit obligation' line. Text layer.

Cash flow

Cash flow, NGN thousands. Columns: FY to 31 Mar 2025 — annual report (signed / final), as reported for the year; FY to 31 Mar 2024 — annual report (signed / final), as reported for the year; FY to 31 Mar 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Mar 2025Annual reportreported for the yearFY to 31 Mar 2024Annual reportreported for the yearFY to 31 Mar 2023Annual reportcomparative in FY to 31 Mar 2024 filing
Operating cash flow before working capital adjustments (unlabelled subtotal)1 604,074 637,093 718,979
Cash generated from operations (unlabelled subtotal) 148,663 915,408 611,156
Tax paid (50,760) (51,335) (5,066)
Defined benefit paid2 –3 (25,622) (944)
Net cash flows from operating activities 97,903 838,451 605,146
Purchase of property, plant and equipment (289,130) (106,722) (418,396)
Proceeds from disposal of property, plant and equipment 857,952 151,505 205,697
Purchase of intangible asset (508) –4 (1,670)
Net cash flows from investing activities5 568,314 44,783 (214,369)
Repayment of loans and borrowings (60,000) (387,217) (468,143)
Cash dividends (75,602) (75,600) (60,480)
Interest paid6 (303) (16,570) (13,380)
Net cash flows used in financing activities (135,905) (479,387) (389,139)
Net increase in cash and cash equivalents 530,312 403,847 1,638
Effect of exchange difference (34,790) (139,874) (3,188)
Cash and cash equivalents at the beginning of the year 278,945 14,972 16,522
Cash and cash equivalents at the end of the year 774,467 278,945 14,972
Proceeds from borrowings Not reported in this filing7 –8 387,446
Repayment of cash from customers deposit9 Not reported in this filing10 –8 (234,582)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (7)
  1. “Operating cash flow before working capital adjustments (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal: profit before taxation plus non-cash adjustments.
  2. “Defined benefit paid” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  3. Printed under different labels across filings: “Net cash flows from investing activities”; “Net cash flows from/(used in) used in investing activities”.
  4. “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' in financing activities; the statement does not say whether it covers borrowings only.
  5. Not reported in this filing: Not printed: the FY2025 group statement of cash flows (pp30-31) prints financing lines 'Repayment of loans and borrowings', 'Cash dividends', 'Dividend paid' (no amounts) and 'Interest paid' only; there is no 'Proceeds from borrowings' line. Text layer.
  6. “Repayment of cash from customers deposit” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 24); 2024 printed '-'.
  7. Not reported in this filing: Not printed: the FY2025 group statement of cash flows (pp30-31) prints financing lines 'Repayment of loans and borrowings', 'Cash dividends', 'Dividend paid' (no amounts) and 'Interest paid' only; there is no customers-deposit repayment line. Text layer.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2025 — annual report (signed / final), as reported for the year; FY to 31 Mar 2024 — annual report (signed / final), as reported for the year; FY to 31 Mar 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Mar 2025Annual reportreported for the yearFY to 31 Mar 2024Annual reportreported for the yearFY to 31 Mar 2023Annual reportcomparative in FY to 31 Mar 2024 filing
Earnings / (loss) per share (per share)1 0.956 0.095 (0.032)
Profit / (loss) attributable to shareholders (NGN thousands)2 722,396 71,992 (23,977)
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Earnings per share (naira) – Basic and Diluted *”.
  2. Profit / (loss) attributable to shareholders: printed as “Equity holders of the parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Mar 2025 Dividends paid (cash flow statement) Cash dividends (75,602) NGN thousands Annual report, p31
31 Mar 2024 Dividends paid (cash flow statement) Cash dividends (75,600) NGN thousands Annual report, p31
31 Mar 2023 Dividends paid (cash flow statement) Cash dividends (60,480) NGN thousands Annual report, p31

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Academy Press Plc Annual Report of the Directors, Consolidated and Separate Audited Financial Statements and Other National Disclosures for the year ended 31 March 2025

    Year ended 31 March 2025 · Annual report · signed / final

    Audit: Ernst & Young (Lagos), unmodified opinion · signed

    Auditor's sign-off: Funmi Ogunlowo, FCA (FRC/2013/PRO/ICAN/004/00000000681), for Ernst & Young

    Final status: Independent auditor's report to the members of Academy Press Plc (opinion PDF p21) signed (handwritten) by Funmi Ogunlowo, FCA (FRC/2013/PRO/ICAN/004/00000000681) for Ernst & Young, Lagos, dated 11 July 2025, with the ICAN seal (PDF p25, page image). Statements approved by the board on 25 June 2025 and signed (handwritten) by the chairman, finance director and managing director (PDF p28, page image).

    Document date
    11 Jul 2025
    Auditor's report
    11 Jul 2025
    Board approval
    25 Jun 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2025
    Basis
    consolidated statements · NGN thousands (printed “₦'000”)
    • Cash and cash equivalents at the end of the year in the statement of cash flows (774,467, p31) differ from 'Cash and short term deposits' in the statement of financial position (774,422, p27); the 2024 figures agree (278,945). Both cells compared on the page renders. Kept as printed.
    • No operating-profit line is printed: operating items and finance costs run straight to profit before taxation; no other comprehensive income item is printed (profit equals total comprehensive income) (p26).
    • Earnings per share is printed in naira, basic and diluted on one line (0.956; 2024: 0.095, p26).
    • The NGX disclosure item is titled 'Quarter 5 - Financial Statement for 2025'; the document is the full audited annual report for the year ended 31 March 2025.
    Technical details
    File
    95 pages, with a text layer
    SHA-256
    2778b6ff4b852bf42477ab9b4b796edcd49bed1b5bd67bdcdcebc7b99614432e
    Entity as printed
    Academy Press Plc (the Company) and its subsidiaries (together the Group)
    Exchange copy
    retrieved 2026-10-08T17:52:04Z

  • Academy Press Plc Report of the Directors, Consolidated and Separate Audited Financial Statements and Other National Disclosures for the year ended 31 March 2024

    Year ended 31 March 2024 · Annual report · signed / final

    Audit: Ernst & Young (Lagos), unmodified opinion · signed

    Auditor's sign-off: Funmi Ogunlowo, FCA (FRC/2013/PRO/ICAN/004/00000000681), for Ernst & Young

    Final status: Independent auditor's report to the members of Academy Press Plc (opinion PDF p21) signed (handwritten) by Funmi Ogunlowo, FCA (FRC/2013/PRO/ICAN/004/00000000681) for Ernst & Young, Lagos, dated 30 June 2024, with the ICAN seal (PDF p25, page image). Statements approved by the board on 26 June 2024 and signed (handwritten) by the chairman, finance director and managing director (PDF p28, page image).

    Document date
    30 Jun 2024
    Auditor's report
    30 Jun 2024
    Board approval
    26 Jun 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2024, FY to 31 Mar 2023
    Basis
    consolidated statements · NGN thousands (printed “₦'000”)
    • 2023 comparative attributions do not add up to the printed totals: profit attributable to equity holders of the parent (23,977) plus non-controlling interest 41,667 is printed as 17,690, while profit for the year is 29,527; total comprehensive income attributable (23,765) plus 41,829 (= 18,064) is printed with a total of 29,853 (p26, page image). The 2024 attributions agree (71,992 + 1,619 = 73,611). Kept as printed.
    • No operating-profit line is printed: operating items and finance costs run straight to profit before taxation (p26). Other comprehensive income is nil in 2024 (remeasurement gain 466 less tax 140 in 2023).
    • The cash-flow 'Effect of exchange difference' is added back as a non-cash adjustment (139,874, p30) and deducted below the net increase in cash ((139,874), p31).
    • Earnings per share is printed in naira, basic and diluted on one line (0.095; 2023: (0.032), p26).
    • The NGX disclosure item is titled 'Quarter 5 - Financial Statement for 2024'; the document is the full audited annual report for the year ended 31 March 2024.
    Technical details
    File
    94 pages, with a text layer
    SHA-256
    e37ecd5eecf48c896751a78e148b773b361c32bc36474ce9bf224cb9d366e386
    Entity as printed
    Academy Press Plc (the Company) and its subsidiaries (together the Group)
    Exchange copy
    retrieved 2026-10-08T18:03:28Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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