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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) (16 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

DAAR Communications

DAARCOMM · Nigerian Exchange · Company statements

On this page
Company details
Legal name
DAAR Communications Plc
Listing
DAARCOMM on the Nigerian Exchange, active · ISIN NGDAARCOMM01 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

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

  • Revenue

    NGN 5.43 billion

    5,433,309 NGN thousands · p19

    +3.5% vs 2024

  • Operating profit / (loss)

    −NGN 699 million

    (699,165) NGN thousands · p19

    Change not shown.

  • Profit / (loss) for the year

    −NGN 875 million

    (874,657) NGN thousands · p19

    Change not shown.

  • Total assets

    NGN 27.1 billion

    27,131,934 NGN thousands · p20

    −1.3% vs 2024

  • Total equity

    NGN 16.8 billion

    16,805,418 NGN thousands · p20

    +3.8% vs 2024

  • Cash from operations

    NGN 656 million

    656,404 NGN thousands · p22

    +13.0% 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.

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

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 5,433,309 5,250,947
Cost of sales (3,376,911) (3,772,115)
Gross profit 2,056,398 1,478,832
Other income 455,852 555,431
Selling expenses1 (179,594) (146,455)
Allowance for impairment (556,225) (1,350,479)
Provisions2 (37,500) (72,000)
Administrative expenses (2,441,097) (2,766,506)
Operating loss before finance cost (699,165) (2,301,177)
Finance cost (52,833) (12,743)
Loss before tax (751,998) (2,313,920)
Taxation (122,659) (27,795)
Loss after tax (874,657) (2,341,715)
Gains (losses) on property revaluation3 –4 706,673
Other comprehensive income for the year net of taxes –5 706,673
Total comprehensive income for the year (874,657) (1,635,042)
Depreciation 1,389,015 1,202,855
Amortization of Intangible Assets 37,943 819
  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 (3)
  1. “Selling expenses” is an issuer-specific line, not mapped to a shared definition: Note 10.
  2. “Provisions” is an issuer-specific line, not mapped to a shared definition: Note 10c: provision charge.
  3. “Gains (losses) on property revaluation” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified to profit or loss.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property, Plant and Equipment 23,720,445 24,228,373
Intangible Assets –1 37,943
Investment2 97,000 97,000
Deferred Tax Assets –1 –1
Non-current assets (unlabelled total) 23,817,445 24,363,316
Trade Receivables3 2,654,949 2,607,282
Other Receivables & Prepayments4 351,049 318,970
Cash and Cash Equivalents 308,491 202,996
Total Current Assets 3,314,489 3,129,248
Total Assets 27,131,934 27,492,564
Share Capital 4,000,000 4,000,000
Share Premium 13,411,541 13,411,541
Revaluation Surplus 17,939,479 17,939,479
Retained Earnings (18,545,601) (19,167,473)
Total Equity 16,805,418 16,183,547
Accrued Gratuity5 574,494 726,160
Bank Loan 527,675 –6
Total Non-Current Liabilities 1,102,169 726,160
Sub-ordinated Loan7 –8 144,666
Trade Payables9 794,558 1,151,541
Bank loan current element 256,301 –8
Other Payables10 7,926,593 8,538,225
Taxation 246,894 748,425
Total Current Liabilities 9,224,347 10,582,857
Total Equity and Liabilities11 10,326,515 11,309,017
Total equity and liabilities (amounts on the line below) 27,131,934 27,492,564
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (8)
  1. “Investment” is an issuer-specific line, not mapped to a shared definition: Note 17: investment (non-current).
  2. “Trade Receivables” is an issuer-specific line, not mapped to a shared definition: Note 18: trade receivables net of allowance.
  3. “Other Receivables & Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 19.
  4. “Accrued Gratuity” is an issuer-specific line, not mapped to a shared definition: Note 26b: accrued staff gratuity (non-current).
  5. “Sub-ordinated Loan” is an issuer-specific line, not mapped to a shared definition: Note 24 (current).
  6. “Trade Payables” is an issuer-specific line, not mapped to a shared definition: Note 25.
  7. “Other Payables” is an issuer-specific line, not mapped to a shared definition: Note 26.
  8. “Total Equity and Liabilities”: mapping to a shared definition is uncertain. The total-liabilities amounts (10,326,515; 2024: 11,309,017) are printed one line low, level with the label 'Total Equity and Liabilities', while the 'Total Liabilities' label line carries no amount (page image); they equal non-current plus current liabilities.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Loss for the year before tax1 (751,998) (2,313,920)
Write down of deferred tax assets2 –3 969,241
Finance Cost4 52,833 12,743
Gratuity5 (151,666) (139,215)
Prior Year adjustment6 1,496,529 –3
Prior Year Tax7 (614,190) –3
Operating cash flow before working-capital changes (unlabelled)8 1,458,466 (267,477)
Change in Trade Receivables9 (47,668) 2,397,788
Change in Prepayments and Other Receivables10 (32,079) (99,545)
Change in Trade and Other Payables11 (712,313) (1,449,632)
Cash Generated from Operating Activities 666,405 581,134
Tax Paid (10,000) –12
Net Cash inflow from Operating Activities 656,404 581,134
Acquisition of Intangible Assets –13 (15,960)
Acquisition of Property, Plant and Equipment (881,088) (662,627)
A I T N E W S 2 414 –13 400,893
Net cash outflow from Investing Activities (881,088) (277,694)
Bank Loan received15 527,675 Not reported in this filing16
Addition/Repayment of Subordinated17 (144,666) (217,363)
Interest Paid (52,833) (12,743)
Net increase in Cash and Cash Equivalents 105,495 73,334
Cash and Cash Equivalents at January 1 202,996 129,662
Cash and Cash Equivalents at December 31 308,491 202,996
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_rk1r6sexrx7a.cash_before_working_capital.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (14)
  1. “Loss for the year before tax” is an issuer-specific line, not mapped to a shared definition: Cash-flow starting point; same figures as the p19 loss before tax.
  2. “Write down of deferred tax assets” is an issuer-specific line, not mapped to a shared definition: Adjustment (2024 only).
  3. “Finance Cost” is an issuer-specific line, not mapped to a shared definition: Adjustment: finance cost added back.
  4. “Gratuity” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  5. “Prior Year adjustment” is an issuer-specific line, not mapped to a shared definition: Adjustment (2025): the tax adjustment credited to opening retained earnings.
  6. “Prior Year Tax” is an issuer-specific line, not mapped to a shared definition: Adjustment (2025).
  7. “Operating cash flow before working-capital changes (unlabelled)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the loss before tax and adjustments.
  8. “Change in Trade Receivables” is an issuer-specific line, not mapped to a shared definition: Working capital.
  9. “Change in Prepayments and Other Receivables” is an issuer-specific line, not mapped to a shared definition: Working capital.
  10. “Change in Trade and Other Payables” is an issuer-specific line, not mapped to a shared definition: Working capital.
  11. “A I T N E W S 2 4” is an issuer-specific line, not mapped to a shared definition: Investing (2024 only).
  12. “Bank Loan received” is an issuer-specific line, not mapped to a shared definition: Financing (2025 only).
  13. Not reported in this filing: Not printed for 2024: the line 'Bank Loan received' carries a 2025 amount (527,675) only; the 2024 column is left blank (p22, checked on the page image).
  14. “Addition/Repayment of Subordinated” is an issuer-specific line, not mapped to a shared definition: Financing.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)41 (0.11)2 (0.29)3
  1. Printed as (11) kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as (29) kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. “Loss per share (kobo)”: mapping to a shared definition is uncertain. Printed 'Loss per share (kobo)'; basic or diluted is not stated.
  2. Earnings / (loss) per share: printed as “Loss per share (kobo)”.

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.

  • DAAR Communications Plc — Annual Report and Financial Statements for the year ended 31 December, 2025

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

    Audit: Baker Tilly Nigeria (Chartered Accountants), Oluwole O. Ogundeji, unmodified opinion · signed

    Auditor's sign-off: Oluwole O. Ogundeji for Baker Tilly Nigeria

    Final status: Independent auditor's report to the members (Baker Tilly Nigeria, Oluwole O. Ogundeji, FRC/2013/PRO/ICAN/00000002825), unqualified, handwritten signature with ICAN seal, dated 'Abuja, Nigeria, 30 March, 2026' (PDF pp11-15, page image). Board approval 30 March 2026 with three handwritten signatures (PDF p20, page image).

    Document date
    30 Mar 2026
    Auditor's report
    30 Mar 2026
    Board approval
    30 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “₦'000”)
    • Statement of cash flows (p22): no 'net cash from financing activities' line is printed; operating (656,404), investing (-881,088) and the three financing lines (527,675; -144,666; -52,833) sum to 105,492 against the printed net increase of 105,495 (2024 agrees). Kept as printed.
    • Statement of profit or loss (p19): the printed 2025 lines from gross profit (2,056,398 + 455,852 - 179,594 - 556,225 - 37,500 - 2,441,097) give -702,166 against the printed 'Operating loss before finance cost' of (699,165), a difference of 3,001; the loss before tax and loss after tax follow the printed operating loss. 2024 agrees. Figures checked on the page image; kept as printed.
    • HIDDEN TEXT LAYER FIGURE: on the statement of financial position (PDF p20) the text layer holds '362,029' between the total-liabilities amounts and the total equity and liabilities, which does not appear on the printed page (page image). Not transcribed. The total-liabilities amounts (10,326,515; 2024: 11,309,017) are printed one line low, level with 'Total Equity and Liabilities'.
    • Statement of changes in equity (p21): opening 2025 retained earnings are increased by a 'Reduction due to tax adjustment' of 1,496,529 (also an adjustment in the cash-flow statement); the 2024 comparatives in the statement of financial position are not restated.
    Technical details
    File
    74 pages, with a text layer
    SHA-256
    1f1f4b16d5d5a8dbe07b914238f36cf2bf9f5c176fea03daae2b6d50e19e7146
    Entity as printed
    DAAR COMMUNICATIONS PLC, Company No. RC 117587
    Exchange copy
    retrieved 2026-10-08T18:00:22Z

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) (16 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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