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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; 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

Japaul Gold

JAPAULGOLD · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Japaul Gold & Ventures Plc
Listing
JAPAULGOLD on the Nigerian Exchange, active · ISIN NGJAPAULOIL4 (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, final status not established · source

Read with these figures

  • Annual report not confirmed as final. The published copy is not confirmed as the final version. The FY2025 figures come from it.
Full wording and sources

  • Annual report for 2025: final status not established

    The independent auditor's report (SIAO Partners, Chartered Accountants; partner Joshua Ansa, FCA, FRC/2013/PRO/ICAN/004/00000001728; unmodified opinion) is printed twice: pp7-12 is a typeset copy with a blank signature line and 'Date.......' left blank; pp13-18 repeats it, its last page (p18) a scan that is hand-signed with an ICAN seal (p18), but its date line shows only illegible marks (rendered as garbled glyphs 'o,te....l,'?. tj..!?/ .. DJ-o'), so no report date can be read. The statements were approved by the Board on July 10, 2026 and signed by the Chairman, a Director and the CFO (p27, page image). Controller to decide whether a signed report with an illegible date supports the statements.

    Source: Consolidated and Separate Financial Statements 31 December 2025 (dated 2026-07-10)

  • Revenue

    NGN 5.25 billion

    5,254,857 NGN thousands · p28

    +28.1% vs 2024

  • Operating profit / (loss)

    NGN 1.42 billion

    1,422,023 NGN thousands · p28

    −5.2% vs 2024

  • Profit / (loss) for the year

    NGN 1.22 billion

    1,223,105 NGN thousands · p28

    −11.1% vs 2024

  • Total assets

    Not reported in this filing

  • Total equity

    NGN 20.6 billion

    20,611,568 NGN thousands · p27

    +158.4% vs 2024

  • Cash from operations

    −NGN 4.29 billion

    (4,288,713) NGN thousands · p31

    −253.8% 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

  • FY2025 — annual report, final status not established; reported for the year · source
  • FY2024 — annual report, final status not established; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 5,254,857 4,103,213
Direct costs (2,271,332) (1,961,386)
Gross profit 2,983,525 2,141,827
Other income 100,046 242,869
Administrative expenses (1,661,548) (885,308)
Operating Profit/(loss) 1,422,023 1,499,388
Net finance costs1 (120,333) –2
Profit/(loss) before taxation 1,301,690 1,499,388
Income tax expense (78,585) (123,784)
Profit/(loss) from continuing operations3 1,223,105 1,375,604
Foreign currency translation derecognised4 –5 –5
Profit/(loss) for the year 1,223,105 1,375,604
Total comprehensive profit/(loss) for the year 1,223,105 1,375,604
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (3)
  1. “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Finance costs net of finance income, printed as one line (note 13.2).
  2. “Profit/(loss) from continuing operations” is an issuer-specific line, not mapped to a shared definition: Printed subtotal after income tax.
  3. “Foreign currency translation derecognised” is an issuer-specific line, not mapped to a shared definition: Printed line (dashes in every column).

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property, plant and equipment 4,508,467 4,232,252
Right-of-use assets 3,750,000 4,000,000
*Exploration and Evaluation Asset1 11,400,000 7,960,000
Investment in associates –2 –2
Investment property 2,143,013 782,606
Total non-current assets 21,801,480 16,974,858
Call - in Arrears3 8,740,562 –4
*Trade and other receivables 7,077,192 5,912,056
Cash and cash equivalents 427,440 21,621
Total current assets 16,245,194 5,933,677
Trade and other payables 9,151,037 6,431,099
Defined contribution plan5 156,203 170,281
Borrowings 2,233,968 2,292,452
Lease liability 1,000,000 1,000,000
Current income tax liability 324,758 432,553
Total current liabilities 12,865,966 10,326,385
Net current liabilities6 3,379,228 (4,392,708)
Defined benefit plan7 35,014 72,621
Lease liability 3,567,750 3,567,750
Deferred tax liability 966,376 966,376
Total non-current liabilities 4,569,140 4,606,747
Net assets 20,611,568 7,975,403
*Share capital 7,131,350 5,131,350
*Share premium 31,346,103 21,840,955
Accumulated loss (17,865,691) (18,996,709)
Remeasurement reserve8 (195) (195)
Total equity 20,611,568 7,975,403
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (6)
  1. “*Exploration and Evaluation Asset” is an issuer-specific line, not mapped to a shared definition: Mining licence classified under IFRS 6 (note 18).
  2. “Call - in Arrears” is an issuer-specific line, not mapped to a shared definition: Amount receivable on shares called but unpaid (note 22).
  3. “Defined contribution plan” is an issuer-specific line, not mapped to a shared definition: Current liability (note 26).
  4. “Net current liabilities” is an issuer-specific line, not mapped to a shared definition: Printed 'Net current liabilities' 3,379,228 (2024: (4,392,708)); the amount is total current assets less total current liabilities.
  5. “Defined benefit plan” is an issuer-specific line, not mapped to a shared definition: Non-current liability (note 26).
  6. “Remeasurement reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve (note 29.5).

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash receipts from customers1 4,189,767 4,306,899
Payment to suppliers and employees2 (8,256,372) (1,469,342)
Cash generated from operations (4,066,605) 2,837,557
Payment for employee benefit obligations3 (35,728) (27,830)
Current income tax paid (186,380) (22,111)
Net cash from operating activities (4,288,713) 2,787,616
Purchase of property, plant and equipment (553,349) (774)
Purchase of exploration and evaluation assets4 (3,440,000) (10,000,000)
Proceed on disposal of property, plant and equipment –5 352,817
Net cash used in investing activities (3,993,349) (9,647,957)
Repayments of borrowing (2,246,758) (3,051,032)
Increase in share capital6 2,000,000 2,000,000
(Decrease)/increase in share premium7 9,505,148 7,796,844
Dividend paid (570,508) –8
Net cash from financing activities 8,687,882 6,745,812
Net increase/(decrease) in cash and cash equivalents 405,819 (114,528)
Cash and cash equivalents at 1 January 21,621 136,149
Cash and cash equivalents at 31 December 427,440 21,621
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (6)
  1. “Cash receipts from customers” is an issuer-specific line, not mapped to a shared definition: Direct-method operating cash line.
  2. “Payment to suppliers and employees” is an issuer-specific line, not mapped to a shared definition: Direct-method operating cash line.
  3. “Payment for employee benefit obligations” is an issuer-specific line, not mapped to a shared definition: Operating cash line (note 26.1).
  4. “Purchase of exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Investing cash line (note 18.1).
  5. “Increase in share capital” is an issuer-specific line, not mapped to a shared definition: Financing cash line (note 29.3).
  6. “(Decrease)/increase in share premium” is an issuer-specific line, not mapped to a shared definition: Financing cash line (note 29.3).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), 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 0.092 0.133
Profit / (loss) attributable to shareholders (NGN thousands)5 1,223,105 1,375,604
  1. Printed as 9 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 13 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (3)
  1. “Earning/(loss) per share”: mapping to a shared definition is uncertain. Printed 'Earning/(loss) per share' in kobo (note 15: 'Profit/(loss) per share (kobo)', computed as basic); diluted EPS is not printed.
  2. Earnings / (loss) per share: printed as “Earning/(loss) per share”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the Company”.

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 Dec 2025 Dividends paid (cash flow statement) Dividend paid (570,508) NGN thousands Annual report, p31
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid 0printed “–”, read as nil 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.

  • Consolidated and Separate Financial Statements 31 December 2025

    Year ended 31 December 2025 · Annual report · final status not established

    Audit: SIAO Partners (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Joshua Ansa, FCA, Partner, FRC/2013/PRO/ICAN/004/00000001728, for SIAO Partners

    Final status: The independent auditor's report (SIAO Partners, Chartered Accountants; partner Joshua Ansa, FCA, FRC/2013/PRO/ICAN/004/00000001728; unmodified opinion) is printed twice: pp7-12 is a typeset copy with a blank signature line and 'Date.......' left blank; pp13-18 repeats it, its last page (p18) a scan that is hand-signed with an ICAN seal (p18), but its date line shows only illegible marks (rendered as garbled glyphs 'o,te....l,'?. tj..!?/ .. DJ-o'), so no report date can be read. The statements were approved by the Board on July 10, 2026 and signed by the Chairman, a Director and the CFO (p27, page image). Controller to decide whether a signed report with an illegible date supports the statements.

    Document date
    10 Jul 2026
    Auditor's report
    date handwritten but not legible enough to record (see notes)
    Board approval
    10 Jul 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • The auditor's report appears twice: pp7-12 (typeset; unsigned, date blank) and pp13-18 (pp13-17 typeset as before; p18 a scanned page with 'SIA' letterhead, hand-signed, ICAN seal no. 0968978, date illegible).
    • Group equity components do not add to the printed total equity: 7,131,350 + 31,346,103 - 17,865,691 - 195 = 20,611,567 against 20,611,568 printed (2024: 7,975,401 against 7,975,403); values kept as printed and confirmed on the render (p27).
    • 'Net current liabilities' is printed for a positive 3,379,228 in 2025 (current assets 16,245,194 less current liabilities 12,865,966). Notes on pp51-52 carry the header 'JAPAUL OIL & MARITIME SERVICES PLC' (former name). No hidden figures differing from the printed page were found; the p27 text layer is out of order, not different.
    • 2024 comparatives restated under IAS 8 (note 39, p80): share capital 7,131,350 -> 5,131,350; share premium 30,044,111 -> 21,840,955; Nationwide escrow receivable 9,108,581 and accrued cost of shares 1,094,576 derecognised; exploration & evaluation asset 7,960,000 reclassified from intangible assets; impairments 300,749 and 4,100 recognised; 2024 Group profit 1,680,454 -> 1,375,604 (N'000). The statement of financial position heads 2024 '**Restated'; the profit or loss statement does not, though note 39 restates its 2024 profit.
    • pp20-26 are scanned certifications (Section 60(2) ISA 2007, management ICFR assessment, statement of corporate responsibility), signed and dated July 10, 2026 / December 24, 2025; pp4-6 a limited-assurance report on management's ICFR assessment.
    Technical details
    File
    84 pages, with a text layer
    SHA-256
    5bebf461d2fceb424649a1e197bd08a6e6e6cd5571c8a411bf6260c0681d2958
    Entity as printed
    JAPAUL GOLD & VENTURES PLC (RC 250346)
    Exchange copy
    retrieved 2026-10-08T18:01:59Z

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; 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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