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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; matched to OCR text and compared cell by cell with the page image; read from the page image) (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

Chellarams

CHELLARAM · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Chellarams Plc
Listing
CHELLARAM on the Nigerian Exchange, active · ISIN NGCHELLARAM5 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 March

Overview

Year ended 31 March 2026 · audited financial statements, signed / final · source

Read with these figures

  • Going-concern warning in the FY to 31 Mar 2024 auditor's report. Material uncertainty related to going concern (PKF Professional Services, p18); shown with the FY to 31 Mar 2024 column.
  • FY to 31 Mar 2026 auditor's opinion. Unmodified opinion, with no 'material uncertainty related to going concern' section (PKF Professional Services, p23).
Full wording and sources

  • Auditor's report, year to 2024-03-31: material uncertainty related to going concern

    Material Uncertainty Related to Going Concern: Without qualifying our opinion, we draw attention to Note 2 in the consolidated and separate financial statements which indicated that the Group and Company recorded a loss after taxation of N3 billion and N 1.1 billion in the current year. And as of that date, the Group and Company's current liabilities exceeded its current assets by N3.5 billion (2023: N572.9 million) for the group and N2.4 billion (2023: N566.9 million) for the Company. The shareholder's fund of the Group has been eroded to the tune of N1.9 billion in the current year. Consequently, the going concern basis of the entity is threatened, which has raised doubt over its ability to continue as a going concern. As stated in Note 2, these events or conditions, along with other matters indicate that a material uncertainty exist that may cast doubt on the entity's ability to continue as a going concern.

    Source: Chellarams Plc Consolidated and Separate Financial Statements 31 March 2024, p18 (dated 2024-07-24)

  • Auditor's opinion, year to 2026-03-31

    “In our opinion, the accompanying consolidated and separate financial statements present fairly, in all material respects, the consolidated financial position of the Group at 31 March 2026, and its consolidated financial performance and consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs)”. The report has no 'material uncertainty related to going concern' section.

    Source: Chellarams Plc Consolidated and Separate Financial Statements 31 March 2026, p23 (dated 2026-06-25)

  • Revenue

    NGN 26.0 billion

    25,981,506 NGN thousands · p28

    +12.5% vs 2025

  • Operating profit / (loss)

    NGN 698 million

    698,459 NGN thousands · p28

    +64.4% vs 2025

  • Profit / (loss) for the year

    NGN 282 million

    281,871 NGN thousands · p28

    Moved from loss to profit (FY to 31 Mar 2025: (2,576,966) NGN thousands)

  • Total assets

    Not reported in this filing

  • Total equity

    NGN 2.58 billion

    2,577,494 NGN thousands · p29

    +12.3% vs 2025

  • Cash from operations

    NGN 14.3 billion

    14,293,354 NGN thousands · p32

    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 prior-year figure is zero or negative.

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 2026 — audited financial statements, signed / final; reported for the year · source
  • FY to 31 Mar 2025 — audited financial statements, signed / final; comparative in the FY to 31 Mar 2026 filing · source
  • FY to 31 Mar 2024 — audited financial statements, signed / final; comparative in the FY to 31 Mar 2025 filing · source
    • Auditor's report, year to 2024-03-31: material uncertainty related to going concern. Material Uncertainty Related to Going Concern: Without qualifying our opinion, we draw attention to Note 2 in the consolidated and separate financial statements which indicated that the Group and Company recorded a loss after taxation of N3 billion and N 1.1 billion in the current year. And as of that date, the Group and Company's current liabilities exceeded its current assets by N3.5 billion (2023: N572.9 million) for the group and N2.4 billion (2023: N566.9 million) for the Company. The shareholder's fund of the Group has been eroded to the tune of N1.9 billion in the current year. Consequently, the going concern basis of the entity is threatened, which has raised doubt over its ability to continue as a going concern. As stated in Note 2, these events or conditions, along with other matters indicate that a material uncertainty exist that may cast doubt on the entity's ability to continue as a going concern.
  • FY to 31 Mar 2023 — audited financial statements, signed / final; comparative in the FY to 31 Mar 2024 filing · source

Income statement

Income statement, NGN thousands. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY to 31 Mar 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Audited financial statementscomparative in FY to 31 Mar 2024 filing
Revenue 25,981,506 23,099,795 13,779,529 10,598,825
Cost of sales (23,381,873) (21,521,848) (12,797,621) (9,431,583)
Gross profit 2,599,633 1,577,947 981,908 1,167,242
Other operating income 773,085 713,327 612,388 6,615,574
Selling and distribution expenses (430,172) (296,406) (164,750) (97,024)
Administrative expenses (2,244,087) (1,570,028) (1,212,649) (1,290,491)
Profit/(loss) from operating activities1 698,459 424,8382 216,897 6,395,301
Finance costs (948,441) (916,809) (646,815) (1,203,388)
Net exchange gain/(loss)3 907,502 (2,079,831) (2,785,272) (121,237)
Profit/(loss) before taxation4 657,521 (2,571,802)5 (3,215,189)6 5,070,676
Income tax (expenses)/write-back7 (375,650) (5,164) 212,230 (151,390)
Profit/(loss) for the year8 281,871 (2,576,966) (3,002,959)9 4,919,286
Revaluation gain net of tax10 –11 6,770,422 –11 Not reported in this filing12
Total comprehensive income for the year1314 –15 6,770,422 –15 –15
Total comprehensive income/(loss) for the year16 281,871 4,193,456 (3,002,959)9 4,919,286
Non-controlling interest17 82,195 (686,451) (494,767) (53,777)
  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 (15)
  1. Printed under different labels across filings: “Profit from operating activities”; “Profit/(loss) from operating activities”.
  2. Audited financial statements dated 2025-06-27 prints 424,839 (thousands, p22) for this line and year.
  3. Printed under different labels across filings: “Net exchange (loss)/gain”; “Net exchange gain/(loss)”; “Net exchange loss”.
  4. Printed under different labels across filings: “(Loss)/profit before taxation”; “Loss before taxation”; “Profit/(loss) before taxation”.
  5. Audited financial statements dated 2025-06-27 prints (2,571,801) (thousands, p22) for this line and year.
  6. Audited financial statements dated 2024-07-24 prints (3,215,190) (thousands, p23) for this line and year.
  7. Printed under different labels across filings: “Income tax (expenses)/write-back”; “Income tax write-back/(expenses)”.
  8. Printed under different labels across filings: “(Loss)/profit for the year”; “Profit/(loss) for the year”.
  9. Audited financial statements dated 2024-07-24 prints (3,002,960) (thousands, p23) for this line and year.
  10. “Revaluation gain net of tax” is an issuer-specific line, not mapped to a shared definition: Note 30: other comprehensive income (printed under items that will be reclassified).
  11. Not reported in this filing: Not reported in this filing: the FY2024 consolidated statement of profit or loss and other comprehensive income (p23) has no 'Revaluation gain net of tax' line. Its other comprehensive income section prints only the heading 'Items that will be reclassified to profit or loss' with dashes in all columns. Checked on the page image.
  12. “Total comprehensive income for the year”: mapping to a shared definition is uncertain. Printed 'Total comprehensive income for the year' but it closes the other comprehensive income section (- ; 2025: 6,770,422), and the attribution block prints the same amount as 'Total other comprehensive income'.
  13. Printed under different labels across filings: “Total comprehensive income for the year”; “profit or loss”.
  14. Printed under different labels across filings: “Total comprehensive income/(loss) for the year”; “for the year”.
  15. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Note 31: attribution of the result for the year.

Balance sheet

Balance sheet, NGN thousands. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY to 31 Mar 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Audited financial statementscomparative in FY to 31 Mar 2024 filing
Property, plant and equipment 3,841,311 15,271,805 7,772,971 7,107,605
Investment in subsidiaries1 –2 –2 –3 –4
Investments in associate –2 –2 –3 –4
Investment property 11,233,499 –2 Not reported in this filing5 Not reported in this filing6
Financial assets at amortised cost7 –2 –2 –3 –4
Non-current assets (unlabelled subtotal) 15,074,810 15,271,805 7,814,916 7,107,605
Inventories8 3,421,821 2,729,070 1,979,810 2,363,860
Trade receivables 2,593,518 1,711,674 1,619,314 1,245,310
Other current asset9 1,667,615 708,411 635,949 382,072
Due from related parties10 128,569 2,394,071 2,430,184 31,637
Cash and cash equivalents 234,940 490,336 299,881 654,690
Current assets (unlabelled subtotal) 8,046,463 8,033,562 6,965,138 4,677,569
Short term borrowings 1,803,000 3,461,659 874,827 804,507
Trade and other payables 11,534,222 11,354,239 8,662,257 3,550,497
Due to related parties11 3,077,114 1,720,635 675,709 670,987
Current tax liabilities 492,644 220,618 216,962 224,493
Current liabilities (unlabelled subtotal) 16,906,979 16,757,15012 10,429,754 5,250,484
Net current liabilities13 (8,860,516) (8,723,590)14 (3,464,616) (572,915)
Long term borrowings 1,760,804 2,364,068 4,937,340 3,666,541
Subordinated/promoter's loan1516 1,310,791 1,310,791 1,310,791 1,310,791
Deferred tax liabilities17 563,113 574,293 –18 447,737
Net employee defined benefits 2,091 3,441 –18 4,494
Non-current liabilities (unlabelled subtotal) 3,636,799 4,252,593 6,248,131 5,429,563
Net assets1920 2,577,494 2,295,623 (1,897,832) 1,105,127
Ordinary shares 361,463 361,463 361,463 361,463
Revaluation reserve 13,179,827 13,179,82621 6,409,404 6,409,404
Accumulated losses (9,311,791) (9,511,467)22 (7,620,953)23 (5,112,761)
Equity attributable to owners (unlabelled subtotal) 4,229,498 4,029,822 (850,087) 1,658,106
Non controlling interest (1,652,004) (1,734,199) (1,047,745) (552,979)
Total equity 2,577,494 2,295,623 (1,897,832) 1,105,127
Deferred tax assets Not reported in this filing24 Not reported in this filing2625 41,945 –2
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p23); recorded as printed and not interpreted as nil. Not in the text layer: p23 of the FY2025 document is a scanned image with no stored text. Group 2024 column.
  3. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p24); recorded as printed and not interpreted as nil. Group 2023 column of the FY2024 statement of financial position (the text layer separates labels and figures into blocks).
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (22)
  1. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 17: nil in the group columns (eliminated on consolidation).
  2. Not reported in this filing: Not reported in this filing: the FY2025 consolidated statement of financial position (p23, scanned page read on the image) has no 'Investment property' line; its non-current assets are 'Property, plant and equipment', 'Investment in subsidiaries', 'Investments in associate', 'Financial assets at amortised cost' and 'Deferred tax assets'. The line first appears in the FY2026 statement.
  3. Not reported in this filing: Not reported in this filing: the FY2024 consolidated statement of financial position (p24) has no 'Investment property' line; its non-current assets are 'Property, plant and equipment', 'Investment in subsidiaries', 'Investments in associate', 'Financial assets at amortised cost' and 'Deferred tax assets'. Checked on the page image.
  4. “Financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 19, non-current (nil in the group columns).
  5. Printed under different labels across filings: “Inventories”; “Inventory”.
  6. “Other current asset” is an issuer-specific line, not mapped to a shared definition: Note 23.
  7. “Due from related parties” is an issuer-specific line, not mapped to a shared definition: Note 24, current.
  8. “Due to related parties” is an issuer-specific line, not mapped to a shared definition: Note 28, current.
  9. Audited financial statements dated 2025-06-27 prints 16,757,151 (thousands, p23) for this line and year.
  10. “Net current liabilities” is an issuer-specific line, not mapped to a shared definition: Current assets less current liabilities, printed negative.
  11. Audited financial statements dated 2025-06-27 prints (8,723,589) (thousands, p23) for this line and year.
  12. “Subordinated/promoter's loan” is an issuer-specific line, not mapped to a shared definition: Note 26.5, non-current.
  13. Printed under different labels across filings: “Subordinated/ promoter's loan”; “Subordinated/promoter's loan”.
  14. Printed under different labels across filings: “Deferred tax liabilities”; “Deferred taxation”.
  15. “Net assets” is an issuer-specific line, not mapped to a shared definition: Net assets as printed (equals total equity).
  16. Printed under different labels across filings: “Net assets”; “Net assets/(liabilities)”.
  17. Audited financial statements dated 2025-06-27 prints 13,179,827 (thousands, p23) for this line and year.
  18. Audited financial statements dated 2025-06-27 prints (9,511,468) (thousands, p23) for this line and year.
  19. Audited financial statements dated 2024-07-24 prints (7,620,954) (thousands, p24) for this line and year.
  20. Not reported in this filing: Not printed: the FY2026 consolidated statement of financial position (p29) has no deferred tax asset line; its non-current assets are property, plant and equipment, investment in subsidiaries, investments in associate, investment property and financial assets at amortised cost, and it prints only 'Deferred tax liabilities' 563,113 (2025: 574,293) under non-current liabilities. Checked on the page image.
  21. Audited financial statements dated 2025-06-27 presents this line for this year: - (p23). Not shown in this column, which follows one filing's presentation.
  22. Not reported in this filing: Not printed: the FY2026 consolidated statement of financial position (p29) has no deferred tax asset line for either year; it prints only 'Deferred tax liabilities' (2025: 574,293) under non-current liabilities. Checked on the page image.

Cash flow

Cash flow, NGN thousands. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY to 31 Mar 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Audited financial statementscomparative in FY to 31 Mar 2024 filing
Cash (used in)/from operations 14,335,864 (5,526,832)1 (5,244) 2,469,601
Tax paid (42,510) (42,510) (214,722) (239,820)
Net cash flow from/(used in) operating activities2 14,293,354 (5,569,342)3 (219,966) 2,229,781
Additions to property, plant and equipment (124,014) (210,009) (834,076) (150,214)
Reclassification to Investment property4 (11,233,500) –5 Not reported in this filing6 Not reported in this filing7
Proceeds from disposal of property, plant and equipment 19,126 1,890 4,001 3,357
Net cash flow used in investing activities8 (11,338,388) (208,119) (830,075)9 (146,857)
Additional loan received –10 3,620,001 2,451,240 4,459,210
Revaluation gain net of deferred tax11 –10 6,770,422 –10 Not reported in this filing12
Term loan repaid (2,720,500) (3,504,939) (1,106,674) (6,275,065)
Accrued interest on term loan13 458,904 –10 Not reported in this filing14 Not reported in this filing15
Finance charges16 (948,441) (916,809) (646,815) (1,203,388)
Net cash flow (used in)/from financing activities17 (3,210,037) 5,968,675 697,751 (1,820,397)
Net (decrease)/increase in cash and cash equivalents18 (255,070) 191,21419 (352,290) 262,527
Cash and cash equivalents at 1 April20 490,010 298,796 651,086 388,559
Cash and cash equivalents at 31 March21 234,939 490,01022 298,796 651,086
Bank overdraft23 –24 (326) (1,085) (3,604)
Term loans25 Not reported in this filing26 Not reported in this filing27 –28 1,198,846
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  3. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p32); recorded as printed and not interpreted as nil. Line 'Bank overdraft' (note 26.1) under 'Cash and cash equivalents comprise:', Group 2026 column.
  4. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p26); recorded as printed and not interpreted as nil. Group 2024 column of the FY2025 statement of cash flows (the text layer separates labels and figures).
Notes and alternative reported figures (24)
  1. Audited financial statements dated 2025-06-27 prints (5,526,833) (thousands, p26) for this line and year.
  2. Printed under different labels across filings: “Net cash flow (used in)/from operating activities”; “Net cash flow from/(used in) operating activities”.
  3. Audited financial statements dated 2025-06-27 prints (5,569,343) (thousands, p26) for this line and year.
  4. “Reclassification to Investment property” is an issuer-specific line, not mapped to a shared definition: Printed within investing activities (note 20), matched by an add-back of the same reclassification within operating adjustments.
  5. Not reported in this filing: Not reported in this filing: the FY2025 consolidated statement of cash flows (p26) has no 'Reclassification to Investment property' line; its investing lines are 'Additions to property, plant and equipment', 'Investment in subsidiaries' and 'Proceeds from disposal of property, plant and equipment'. Checked on the page image.
  6. Not reported in this filing: Not reported in this filing: the FY2024 consolidated statement of cash flows (p27) has no 'Reclassification to Investment property' line; its investing lines are 'Additions to property, plant and equipment', 'Investment in subsidiaries' and 'Proceeds from disposal of property, plant and equipment'. Checked on the page image.
  7. Printed under different labels across filings: “Net cash flow (used in)/from investing activities”; “Net cash flow used in investing activities”.
  8. Audited financial statements dated 2024-07-24 prints (830,076) (thousands, p27) for this line and year.
  9. “Revaluation gain net of deferred tax” is an issuer-specific line, not mapped to a shared definition: Printed within financing activities (note 30).
  10. Not reported in this filing: Not reported in this filing: the FY2024 consolidated statement of cash flows (p27) has no 'Revaluation gain net of deferred tax' line; its financing lines are 'Term loans', 'Additional loan received', 'Term loan repaid' and 'Finance charges'. Checked on the page image.
  11. “Accrued interest on term loan” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 26.2.
  12. Not reported in this filing: Not reported in this filing: the FY2025 consolidated statement of cash flows (p26) has no 'Accrued interest on term loan' line; its financing lines are 'Term loans', 'Additional loan received', 'Revaluation gain net of deferred tax', 'Term loan repaid' and 'Finance charges'. Checked on the page image.
  13. Not reported in this filing: Not reported in this filing: the FY2024 consolidated statement of cash flows (p27) has no 'Accrued interest on term loan' line; its financing lines are 'Term loans', 'Additional loan received', 'Term loan repaid' and 'Finance charges'. Checked on the page image.
  14. “Finance charges” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 13 (equal to the finance costs of the income statement).
  15. Printed under different labels across filings: “Net cash flow (used in)/from financing activities”; “Net cash flow from/(used in) financing activities”.
  16. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
  17. Audited financial statements dated 2025-06-27 prints 191,213 (thousands, p26) for this line and year.
  18. Printed under different labels across filings: “Cash and cash equivalents at 1 April”; “Cash and cash equivalents at the beginning of the year”.
  19. Printed under different labels across filings: “Cash and cash equivalents at 31 March”; “Cash and cash equivalents at the end of the year”.
  20. Audited financial statements dated 2025-06-27 prints 490,009 (thousands, p26) for this line and year.
  21. “Bank overdraft” is an issuer-specific line, not mapped to a shared definition: Note 25.1: bank overdraft deducted in the 'Cash and cash equivalents comprise' analysis (printed negative); included in short-term borrowings.
  22. “Term loans” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 25.2: term loans drawn, printed apart from 'Additional loan received'.
  23. Not reported in this filing: Not printed: the FY2026 statement of cash flows (p32) has no 'Term loans' line; its financing lines are 'Additional loan received' (stored as proceeds_borrowings), 'Revaluation gain net of deferred tax', 'Term loan repaid' (stored as repayments_borrowings), 'Accrued interest on term loan' and 'Finance charges'. Checked on the page image.
  24. Not reported in this filing: Not printed: the FY2026 statement of cash flows (p32) has no 'Term loans' line; for 2025 it prints 'Additional loan received' 3,620,001 and 'Term loan repaid' (3,504,939), stored under proceeds_borrowings and repayments_borrowings. Checked on the page image.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY to 31 Mar 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Audited financial statementscomparative in FY to 31 Mar 2024 filing
Earnings / (loss) per share (per share)61 0.282 (2.62)3 (3.47)4 6.885
Profit / (loss) attributable to shareholders (NGN thousands)8 199,676 (1,890,514) (2,508,192)7 4,973,063
  1. Printed as 28 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as (262) kobo; value converted to NGN at 100 kobo = 1 NGN.
  3. Printed as (347) kobo; value converted to NGN at 100 kobo = 1 NGN.
  4. Printed as 688 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (4)
  1. Printed under different labels across filings: “Basic (loss)/earnings per share (kobo)”; “Basic earnings/(loss) per share (kobo)”.
  2. Earnings / (loss) per share: printed as “Basic earnings/(loss) per share (kobo)”.
  3. Audited financial statements dated 2024-07-24 prints (2,508,193) (thousands, p23) for this line and year.
  4. Profit / (loss) attributable to shareholders: printed as “Owners 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.

No dividend statement or amount collected.

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.

  • Chellarams Plc Consolidated and Separate Financial Statements 31 March 2026

    Year ended 31 March 2026 · Audited financial statements · signed / final

    Audit: PKF Professional Services (Chartered Accountants, Lagos), unmodified opinion · signed

    Auditor's sign-off: Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226), for PKF Professional Services

    Final status: Independent auditor's report to the shareholders of Chellarams Plc (opinion PDF p23) signed by Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226) for PKF Professional Services, Lagos, with the ICAN seal, dated 25 June 2026 (PDF p27, page image). Statements approved by the board on 25 June 2026 and signed by the chairman, the managing director and the general manager (finance) (PDF p29, page image).

    Document date
    25 Jun 2026
    Auditor's report
    25 Jun 2026
    Board approval
    25 Jun 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2026, FY to 31 Mar 2025
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • Cash and cash equivalents at 31 March 2026 is printed 234,939 in the statement of cash flows and 234,940 in the 'comprise' analysis below it and in the statement of financial position (p32, p29); tax paid is printed (42,510) for both 2026 and 2025 (p32); the group revaluation reserve is printed 13,179,827 (2025: 13,179,826) and the equity subtotal 4,229,498 is 1 above its printed lines. Kept as printed (page image checked).
    • Net-assets format: no total assets, total liabilities or total equity and liabilities is printed; non-current assets, current assets, current liabilities, non-current liabilities and equity attributable to owners are unlabelled subtotals (p29).
    • The line closing the other comprehensive income section is printed 'Total comprehensive income for the year' (- ; 2025: 6,770,422, p28); mapped to other comprehensive income (ambiguous).
    • The statement of cash flows starts from the profit attributable to owners (199,676) and adds back the non-controlling interest; it prints the reclassification of PPE to investment property (11,233,500) within investing activities and the 2025 revaluation gain (6,770,422) within financing activities, with matching adjustments in operating activities (p32). Kept as printed.
    Technical details
    File
    78 pages, with a text layer
    SHA-256
    b998a6580671053ddbcd21f8bf6dd47c5a2363b8817860c888035267769c7c43
    Entity as printed
    Chellarams Plc (the Company) and its subsidiaries (together the Group)
    Exchange copy
    retrieved 2026-10-08T17:51:11Z

  • Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025

    Year ended 31 March 2025 · Audited financial statements · signed / final

    Audit: PKF Professional Services (Chartered Accountants, Lagos), unmodified opinion · signed

    Auditor's sign-off: Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226), for PKF Professional Services

    Final status: Independent auditor's report to the shareholders of Chellarams Plc (opinion PDF p17) signed by hand by Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226) for PKF Professional Services, Lagos, with the ICAN seal (0767413), 'Dated: 27 June 2025' (PDF p21, page image). Statements approved by the board on 27 June 2025 and signed by hand by the chairman, the managing director and the general manager (finance) (PDF p23, page image).

    Document date
    27 Jun 2025
    Auditor's report
    27 Jun 2025
    Board approval
    27 Jun 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2024
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • Rounding differences of 1 are printed: profit from operating activities 2025 424,839 against 424,840 from its lines; loss for the year 2025 (2,576,966) against (2,576,965) from loss before tax and tax; loss before tax 2024 (3,215,189) against (3,215,190); closing cash 2025 in the statement of cash flows 490,009 against 490,010 in the 'comprise' analysis (cash at bank 490,336 less overdraft 326). The statement of cash flows starts from the loss attributable to owners (1,890,514) and prints 2024 as (3,002,960) against (3,002,959) in profit or loss (p22, p26; page images checked). Kept as printed.
    • Net-assets format: no total assets, total liabilities or total equity and liabilities is printed; non-current assets, current assets, current liabilities, non-current liabilities and equity attributable to owners are unlabelled subtotals (p23).
    • The auditor's report and the two primary statements are scanned pages (pp15-23 have no text layer); the cash-flow page has a text layer whose labels and amounts are in separate blocks. All are read by OCR of the render, with OCR fixes listed in the spec.
    • The line closing the other comprehensive income section is printed 'Total comprehensive income for the year' (6,770,422; 2024: -, p22); mapped to other comprehensive income (ambiguous). The revaluation gain (6,770,422) is also printed within financing activities in the statement of cash flows (p26), with a matching 'Revaluation surplus' adjustment ((7,522,691)) in operating activities. Kept as printed.
    Technical details
    File
    72 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    53beda39cc7fa3a80999c4ebd9b9940d89ab331f8fab54242625e4268bbc4739
    Entity as printed
    Chellarams Plc ('the company') and its subsidiaries (together "the Group")
    Exchange copy
    retrieved 2026-10-08T17:51:59Z

  • Chellarams Plc Consolidated and Separate Financial Statements 31 March 2024

    Year ended 31 March 2024 · Audited financial statements · signed / final

    Audit: PKF Professional Services (Chartered Accountants, Lagos), unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: Benson O. Adejayan, FCA (FRC/2013/ICAN/02226), for PKF Professional Services

    Final status: Independent auditor's report to the shareholders of Chellarams Plc (opinion PDF p18) signed by hand by Benson O. Adejayan, FCA (FRC/2013/ICAN/02226) for PKF Professional Services (FRC/2023/COY/141906), Lagos, with the ICAN seal (0300488), 'Dated: 24 July 2024' (PDF p22, page image). Statements approved by the board on 24 July 2024 and signed by hand by the chairman, the managing director and the general manager (finance) (PDF p24, page image).

    Document date
    24 Jul 2024
    Auditor's report
    24 Jul 2024
    Board approval
    24 Jul 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2023
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • Net-assets format: no total assets, total liabilities or total equity and liabilities is printed; non-current assets, current assets, current liabilities, non-current liabilities and equity attributable to owners are unlabelled subtotals (p24).
    • Other comprehensive income is a single line 'Items that will be reclassified to profit or loss' printed '-' in both years (p23).
    • The auditor's report pages (pp16-22) are scans whose OCR text layer garbles some words (e.g. 'Chellarams Pic', the auditor's FRC number); the statement pages have a native text layer. No hidden figures that differ from the printed pages were found.
    Technical details
    File
    74 pages, with a text layer
    SHA-256
    bfaa8e678461fc89f1d1b81d908cc61878b48a6961ee409558b22a855ed9a044
    Entity as printed
    Chellarams Plc ('the company') and its subsidiaries (together "the Group")
    Exchange copy
    retrieved 2026-10-08T18:03:46Z

Data notes

  • Cost of sales — OCR read '(21.521,848)'; the page image shows '(21,521,848)'. OCR reads a full stop for the first comma of cost of sales 2025; the render prints (21,521,848). (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p22)
  • Revaluation gain net of tax — OCR read '6.770.422'; the page image shows '6,770,422'. OCR reads full stops for the commas of the revaluation gain 2025; the render prints 6,770,422. (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p22)
  • Property, plant and equipment — OCR read '7.772,971'; the page image shows '7,772,971'. OCR reads a full stop for a comma (PPE 2024); the render prints 7,772,971. (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p23)
  • Non-current assets (unlabelled subtotal) — OCR read '7.814,916'; the page image shows '7,814,916'. OCR reads a full stop for a comma (non-current assets 2024); the render prints 7,814,916. (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p23)
  • Net cash flow (used in)/from operating activities — OCR read '15,569,343)'; the page image shows '(5,569,343)'. OCR reads the opening bracket as '1' (net cash used in operating activities 2025); the render prints (5,569,343). (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p26)
  • Finance charges — OCR read '(916.809)'; the page image shows '(916,809)'. OCR reads a full stop for a comma (finance charges 2025); the render prints (916,809). (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p26)
  • Bank overdraft — OCR read '(1.085)'; the page image shows '(1,085)'. OCR reads a full stop for a comma (bank overdraft 2024); the render prints (1,085). (Chellarams Plc Consolidated and Separate Financial Statements 31 March 2025, p26)

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (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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