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Cutix
On this page
Company details
- Legal name
- Cutix Plc
- Listing
- CUTIX on the Nigerian Exchange, active · ISIN NGCUTIX00002 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 April
Overview
Year ended 30 April 2025 · audited financial statements, signed / final · source
-
Revenue
NGN 15.8 billion
15,773,070 NGN thousands · p41
+29.5% vs 2024
-
Operating profit / (loss)
NGN 1.56 billion
1,558,156 NGN thousands · p41
−15.2% vs 2024
-
Profit / (loss) for the year
NGN 1.03 billion
1,031,830 NGN thousands · p41
−3.1% vs 2024
-
Total assets
NGN 8.69 billion
8,691,668 NGN thousands · p42
+19.2% vs 2024
-
Total equity attributable to owners of the Company
NGN 4.25 billion
4,252,864 NGN thousands · p42
+11.8% vs 2024
No total-equity line is printed and no non-controlling interest is shown; the printed equity line is shown under its label.
-
Cash from operations
NGN 1.66 billion
1,663,917 NGN thousands · p46
+67.8% vs 2024
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.
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 30 Apr 2025 — audited financial statements, signed / final; reported for the year · source
- FY to 30 Apr 2024 — audited financial statements, signed / final; comparative in the FY to 30 Apr 2025 filing · source
Income statement
| Line (as printed) | FY to 30 Apr 2025Audited financial statementsreported for the year | FY to 30 Apr 2024Audited financial statementscomparative in FY to 30 Apr 2025 filing |
|---|---|---|
| Revenue | 15,773,070 | 12,177,876 |
| Cost of Sales | (12,551,637) | (9,069,433) |
| Gross Profit | 3,221,434 | 3,108,443 |
| Selling and Distribution | (260,737) | (194,200) |
| Administrative Expenses | (1,402,540) | (1,075,868) |
| Operating (Loss)/ Profit | 1,558,156 | 1,838,375 |
| Other Income1 | 491,609 | 123,108 |
| Finance Cost | (440,259) | (342,263) |
| Profit Before Tax | 1,609,507 | 1,619,220 |
| Income Tax Expense | (577,677) | (554,042) |
| Profit for the Year | 1,031,830 | 1,065,178 |
| Total Comprehensive Income for the year | 1,031,830 | 1,065,178 |
Notes and alternative reported figures (1)
- “Other Income”: mapping to a shared definition is uncertain. Printed 'Other Income' (note 10), presented after operating profit.
Balance sheet
| Line (as printed) | FY to 30 Apr 2025Audited financial statementsreported for the year | FY to 30 Apr 2024Audited financial statementscomparative in FY to 30 Apr 2025 filing |
|---|---|---|
| Property, Plant and Equipment | 2,515,828 | 1,337,995 |
| Long Term Prepayments1 | 2,296 | 3,600 |
| Investment2 | –3 | –3 |
| Total Non-Current Assets | 2,518,124 | 1,341,595 |
| Inventories | 4,762,595 | 3,541,140 |
| Trade and other Receivables | 1,235,552 | 2,110,515 |
| Other Prepayments4 | 34,499 | 44,838 |
| Cash and Bank Balances | 140,898 | 250,715 |
| Total Current Assets | 6,173,544 | 5,947,208 |
| Total Assets | 8,691,668 | 7,288,803 |
| Share Capital | 3,522,644 | 1,761,322 |
| Retained Earnings | 730,220 | 2,043,691 |
| Total equity attributable to owners of the Company | 4,252,864 | 3,805,013 |
| Deferred Tax Liabilities | 317,565 | 276,742 |
| Long Term Borrowing | 56,112 | 392,784 |
| Total Non-Current Liabilities | 373,677 | 669,526 |
| Short Term Borrowings | 2,113,485 | 1,214,375 |
| Trade and other Payables | 1,428,211 | 1,106,542 |
| Current Tax Liabilities | 523,430 | 493,346 |
| Total Current Liabilities | 4,065,125 | 2,814,263 |
| Total Liabilities | 4,438,803 | 3,483,789 |
| Total Equity and Liabilities | 8,691,668 | 7,288,803 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (3)
- “Long Term Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 16.
- “Investment” is an issuer-specific line, not mapped to a shared definition: Note 17: investment in subsidiary (nil in the Group columns).
- “Other Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 20.
Cash flow
| Line (as printed) | FY to 30 Apr 2025Audited financial statementsreported for the year | FY to 30 Apr 2024Audited financial statementscomparative in FY to 30 Apr 2025 filing |
|---|---|---|
| Cash Receipts from Customers1 | 17,131,472 | 11,955,653 |
| Cash Paid to Suppliers and Employees2 | (13,813,308) | (10,454,625) |
| Value Added Tax - Input3 | 58,226 | 389,796 |
| Value Added Tax - (Output)4 | (1,205,705) | (499,470) |
| Cash Generated from Operations | 2,170,685 | 1,391,355 |
| Income Taxes paid through WHT5 | (27,573) | (32,943) |
| Tax Paid | (479,195) | (366,881) |
| Net cash generated /(used) from Operating Activities | 1,663,917 | 991,531 |
| Purchase of Property, Plant and Equipment | (1,367,515) | (396,790) |
| Net Cash used for Investing Activities | (1,367,515) | (396,790) |
| Dividend paid | (528,397) | (422,717) |
| Unclaimed Dividend Refunded6 | –7 | (5,398) |
| Finance Costs8 | (440,259) | (342,263) |
| Long Term Borrowing9 | (336,672) | 392,784 |
| Short Term Borrowing10 | 899,109 | (88,852) |
| Net Cash (used)/ generated in Financing Activities | (406,219) | (466,447) |
| Net Increase in Cash and Cash Equivalents | (109,817) | 128,294 |
| Cash and Cash Equivalents at beginning of year | 250,715 | 122,422 |
| Cash and Cash Equivalents at end of year | 140,898 | 250,715 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (9)
- “Cash Receipts from Customers” is an issuer-specific line, not mapped to a shared definition: Direct method.
- “Cash Paid to Suppliers and Employees” is an issuer-specific line, not mapped to a shared definition: Direct method.
- “Value Added Tax - Input” is an issuer-specific line, not mapped to a shared definition: Direct method.
- “Value Added Tax - (Output)” is an issuer-specific line, not mapped to a shared definition: Direct method.
- “Income Taxes paid through WHT” is an issuer-specific line, not mapped to a shared definition: Income tax settled through withholding tax credits.
- “Unclaimed Dividend Refunded” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Finance Costs”: mapping to a shared definition is uncertain. Printed 'Finance Costs' in financing activities (equal to the finance cost charged, p41).
- “Long Term Borrowing” is an issuer-specific line, not mapped to a shared definition: Financing activities: net long-term borrowing received (repaid).
- “Short Term Borrowing” is an issuer-specific line, not mapped to a shared definition: Financing activities: net short-term borrowing received (repaid).
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 30 Apr 2025 | Dividends paid (cash flow statement) | Dividend paid |
(528,397) | NGN thousands | Audited financial statements, p46 |
| 30 Apr 2024 | Dividends paid (cash flow statement) | Dividend paid |
(422,717) | NGN thousands | Audited financial statements, p46 |
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.
-
Cutix Plc Audited Financial Statements for the year ended 30th April 2025
Year ended 30 April 2025 · Audited financial statements · signed / final
Audit: Ngozi Monica Okonkwo & Co (Ngozi Monica Okonkwo), unmodified opinion · signed
Auditor's sign-off: Ngozi Monica Okonkwo, PhD, FCA for Ngozi Monica Okonkwo & Co
Final status: The independent auditors' report (Ngozi Monica Okonkwo & Co, pp37-40) on the consolidated and separate statements is unmodified, signed by Ngozi Monica Okonkwo (FRC/2013/PRO/ICAN/004/00000000916) with the ICAN seal and dated 11 July 2025 (p40, page image). The statements record board approval on 9th July 2025 (p42); the directors' and CFO's names are typeset on p43 with no visible signatures (page image).
- Document date
- 11 Jul 2025
- Auditor's report
- 11 Jul 2025
- Board approval
- 9 Jul 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Apr 2025, FY to 30 Apr 2024
- Basis
- consolidated statements · NGN thousands (printed “N'000”)
- Gross profit, operating profit and profit before tax differ by 1 (N'000) from the sums of their printed lines (rounding, p41).
- The 2024 basic EPS (30.24 kobo) is on the pre-bonus share count; the 'Adjusted' EPS line (2024: 15.12) restates it for the bonus issue that doubled share capital to 3,522,644 (p41, p42).
- The approval statement refers to 'Financial Statements on pages 39 to 44 and Notes ... on pages 41 to 78', which does not match the printed folios (statements pp41-46, notes pp47-78) (p42).
Technical details
- File
- 82 pages, with a text layer
- SHA-256
f5078cf0dc15b688de981b7fcf87670a5ead5b0f36bb898d57bf657e9fd53acb- Entity as printed
- Cutix Plc
- Exchange copy
- retrieved 2026-10-08T17:52:10Z
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.