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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

Learn Africa

LEARNAFRCA · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Learn Africa Plc
Listing
LEARNAFRCA on the Nigerian Exchange, active · ISIN NGLONGMAN007 (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

  • Revenue

    NGN 6.15 billion

    6,154,379 NGN thousands · p21

    +18.7% vs 2025

  • Operating profit / (loss)

    NGN 1.12 billion

    1,119,481 NGN thousands · p21

    +45.9% vs 2025

  • Profit / (loss) for the year

    NGN 753 million

    753,109 NGN thousands · p21

    +58.6% vs 2025

  • Total assets

    NGN 6.84 billion

    6,841,323 NGN thousands · p20

    +15.8% vs 2025

  • Total equity

    NGN 4.57 billion

    4,566,299 NGN thousands · p20

    +11.8% vs 2025

  • Cash from operations

    NGN 1.37 billion

    1,365,018 NGN thousands · p23

    +46.8% vs 2025

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 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

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.
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 filing
Revenue 6,154,379 5,182,891 4,084,481
Cost of sales (2,996,364) (2,651,402) (1,962,162)
Gross profit 3,158,015 2,531,489 2,122,320
Other operating income 160,613 170,9601 55,780
Net exchange gain/(loss) 9,454 (14,288) Not reported in this filing2
Distribution and selling expenses (1,250,714) (1,030,512)3 (815,453)
Administrative expenses (957,888) (890,265)4 (1,081,905)
Operating profit 1,119,481 767,384 280,741
Finance cost –5 (30,514) (29,860)
Finance income 69,361 11,342 9,641
Profit before taxation 1,188,842 748,212 260,522
Income tax expense (435,733) (273,234) (249,327)
Profit for the year 753,109 474,978 11,195
Comprehensive income for the year; net of tax –6 –6 –6
Total comprehensive income for the year; net of tax 753,109 474,978 11,195
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (4)
  1. Audited financial statements dated 2025-06-23 prints 170,961 (thousands, p20) for this line and year.
  2. Not reported in this filing: Not reported separately on the face of the statement (p20): included in 'Administrative expenses' ((1,081,905)); note 10 (p43) itemises 'Exchange loss' 9,697 within that line. The component is not shown as a statement line. The FY2025 statement prints no exchange gain/loss line for either year; checked on the page image (p20, p43).
  3. Audited financial statements dated 2025-06-23 prints (1,030,513) (thousands, p20) for this line and year.
  4. Audited financial statements dated 2025-06-23 prints (904,552) (thousands, p20) for this line and 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.
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 filing
Property, plant and equipment 1,039,221 543,441 543,160
Investment properties 436,000 376,000 345,000
Intangible asset 4,244 12,907 11,997
Right of use asset 34,843 29,413 16,713
Deferred tax asset 223,207 212,118 157,972
Non-current assets (unlabelled subtotal) 1,737,515 1,173,879 1,074,842
Inventories 3,030,474 3,195,585 2,746,278
Trade and other receivables 302,288 262,637 510,021
Other current assets1 57,904 48,464 42,671
Cash and cash equivalents 1,713,142 1,227,668 488,967
Current assets (unlabelled subtotal) 5,103,808 4,734,354 3,787,937
Total assets 6,841,323 5,908,233 4,862,779
Ordinary shares 433,941 385,725 385,725
Share premium 1,891,998 1,940,214 1,940,214
Other capital reserves 67,703 67,703 67,703
Retained earnings 2,172,657 1,689,5562 1,214,577
Total equity 4,566,299 4,083,197 3,608,219
Trade and other payables 1,666,617 1,359,6483 1,003,636
Provisions 161,586 156,235 144,694
Current borrowing –4 –4 –4
Current tax liabilities 446,821 309,152 106,230
Current liabilities (unlabelled subtotal) 2,275,024 1,825,0355 1,254,560
Total liabilities 2,275,024 1,825,0355 1,254,560
Total equity and liabilities 6,841,323 5,908,233 4,862,779
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (4)
  1. “Other current assets” is an issuer-specific line, not mapped to a shared definition: Note 17: current assets (the cash-flow statement shows a movement in prepayment).
  2. Audited financial statements dated 2025-06-23 prints 1,689,555 (thousands, p19) for this line and year.
  3. Audited financial statements dated 2025-06-23 prints 1,359,649 (thousands, p19) for this line and year.
  4. Audited financial statements dated 2025-06-23 prints 1,825,036 (thousands, p19) for this line and year.

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.
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 filing
Cash generated from operations (unlabelled subtotal) 1,759,605 1,044,813 76,778
Income tax paid/WHT utilised (309,152) (124,458) (265,593)
Unclaimed dividend1 (85,434) 9,539 40,347
Net cashflows from operating activities2 1,365,018 929,893 (148,469)
Proceeds from sale of property, plant and equipment 14,270 5043 10,436
Additions to right of use assets4 (39,515) (46,547) (20,269)
Reclassification from right of use5 4,857 3,223 1,633
Purchase of property, plant and equipment (658,508) (116,469)6 (186,065)
Purchase of intangible assets –7 (12,732) (8,650)
Net cash flow used in investing activities (678,897) (172,021) (202,915)
Addition to current borrowing –8 300,000 300,000
Repayment in the year –8 (300,000) (300,000)
Finance cost –8 (30,514) (29,860)
Movement in current borrowing9 –8 –8 (2,285)
Interest income received 69,361 11,342 9,641
Dividend paid (270,008) –8 (192,860)
Net cash used in financing activities (200,647) (19,172) (215,364)
Net increase in cash and cash equivalents10 485,475 738,701 (566,748)
Cash and cash equivalents at 1 April 1,227,668 488,967 1,055,715
Cash and cash equivalents at 31 March 1,713,142 1,227,668 488,967
Additions to investment properties11 Not reported in this filing12 Not reported in this filing1413 –7
  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 (12)
  1. “Unclaimed dividend” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 25.1.4.
  2. Printed under different labels across filings: “Net cashflows (used in)/from operating activities”; “Net cashflows from operating activities”.
  3. Audited financial statements dated 2025-06-23 prints 503 (thousands, p22) for this line and year.
  4. “Additions to right of use assets” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 16.
  5. “Reclassification from right of use” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 16.
  6. Audited financial statements dated 2025-06-23 prints (116,468) (thousands, p22) for this line and year.
  7. “Movement in current borrowing” is an issuer-specific line, not mapped to a shared definition: Financing activities; dashes in both years.
  8. Printed under different labels across filings: “Net increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
  9. “Additions to investment properties” is an issuer-specific line, not mapped to a shared definition: Investing activities (FY2025 report); dashes in both years.
  10. Not reported in this filing: Not printed: the FY2026 statement of cash flows (p23) has no 'Additions to investment properties' line in either column. Its investing lines are 'Proceeds from sale of property, plant and equipment', 'Additions to right of use assets', 'Reclassification from right of use', 'Purchase of property, plant and equipment' and 'Purchase of intangible assets'. Checked on the page image (p23).
  11. Audited financial statements dated 2025-06-23 presents this line for this year: - (p22). Not shown in this column, which follows one filing's presentation.
  12. Not reported in this filing: Not printed: the FY2026 statement of cash flows (p23) has no 'Additions to investment properties' line in either column. Its investing lines are 'Proceeds from sale of property, plant and equipment', 'Additions to right of use assets', 'Reclassification from right of use', 'Purchase of property, plant and equipment' and 'Purchase of intangible assets'. Checked on the page image (p23). (The FY2025 statement printed '-' for 2025 on that line; not used to fill this cell.)

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.
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 filing
Earnings / (loss) per share (per share)4 0.871 0.622 0.013
  1. Printed as 87 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 62 kobo; value converted to NGN at 100 kobo = 1 NGN.
  3. Printed as 1 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic earnings 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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Mar 2026 Dividends paid (cash flow statement) Dividend paid (270,008) NGN thousands Audited financial statements, p23
31 Mar 2025 Dividends paid (cash flow statement) Dividend paid 0printed “–”, read as nil NGN thousands Audited financial statements, p23
31 Mar 2024 Dividends paid (cash flow statement) Dividend paid (192,860) NGN thousands Audited financial statements, p22

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.

  • Learn Africa Plc Financial Statements for the year ended 31 March 2026

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

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

    Auditor's sign-off: Benson O. Adejayan, FCA, for PKF Professional Services

    Final status: Independent auditor's report of PKF Professional Services to the members of Learn Africa Plc (opinion PDF p15) closes on PDF p19 (folio 11, image-only page) with the handwritten signature of Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226), for PKF Professional Services, Lagos, 'Dated: 25 June 2026', with the ICAN seal (page image). Statement of financial position (PDF p20): approved by the Board of Directors on 25 June 2026 and signed by the chairman, the managing director and the finance director (handwritten signatures, 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
    company statements · NGN thousands (printed “N'000”)
    • Printed 2026 cash-flow figures differ from the sum of their printed lines by 1 thousand: operating 1,759,605 - 309,152 - 85,434 = 1,365,019 (printed 1,365,018); investing 14,270 - 39,515 + 4,857 - 658,508 = -678,896 (printed (678,897)); net 1,365,018 - 678,897 - 200,647 = 485,474 (printed 485,475). Figures kept as printed, checked on the page image (p23).
    • Finance cost paid and interest income received are printed within financing activities (p23).
    • The balance sheet prints its non-current-asset, current-asset and current-liability subtotals without labels; there are no non-current liabilities (total liabilities equals the current-liability subtotal, p20).
    • EPS printed in kobo (87; 2025: 62, p21; basic only); stored in naira with the printed figure and unit kept.
    Technical details
    File
    66 pages, with a text layer
    SHA-256
    23cf853e5db2c1c789612c9cae643dab87651e7703a74795a7065c86451f113f
    Entity as printed
    Learn Africa Plc (the Company)
    Exchange copy
    retrieved 2026-10-08T17:51:06Z

  • Learn Africa Plc Financial Statements for the year ended 31 March 2025

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

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

    Auditor's sign-off: Benson O. Adejayan, FCA, for PKF Professional Services

    Final status: Independent auditor's report of PKF Professional Services to the shareholders of Learn Africa Plc (opinion PDF p14, image-only page) closes on PDF p18 (folio 11, image-only page) with the handwritten signature of Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226), for PKF Professional Services, Lagos, 'Dated: 23 June 2025', with the ICAN seal (page image). Statement of financial position (PDF p19): approved by the Board of Directors on 23 June 2025 and signed by the chairman, the managing director and the finance director (handwritten signatures, page image).

    Document date
    23 Jun 2025
    Auditor's report
    23 Jun 2025
    Board approval
    23 Jun 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2024
    Basis
    company statements · NGN thousands (printed “N'000”)
    • Printed operating cash flows differ from the sum of their printed lines by 1 thousand: 2025 1,044,813 - 124,458 + 9,539 = 929,894 (printed 929,893); 2024 76,778 - 265,593 + 40,347 = (148,468) (printed (148,469)); 2025 net change 929,893 - 172,021 - 19,172 = 738,700 (printed 738,701). Figures kept as printed (p22).
    • Finance cost paid and interest income received are printed within financing activities (p22).
    • The balance sheet prints its non-current-asset, current-asset and current-liability subtotals without labels; there are no non-current liabilities (total liabilities equals the current-liability subtotal, p19). Current borrowing prints '-' in both years.
    • EPS printed in kobo (62; 2024: 1, p20; basic only); stored in naira with the printed figure and unit kept.
    • PDF pp12-13 hold PKF's separate attestation report on management's assessment of internal control over financial reporting (limited assurance, unmodified conclusion, 23 June 2025); not the audit opinion.
    Technical details
    File
    66 pages, with a text layer
    SHA-256
    118cbf9e83bff3554913ae7d94187703a7b67d666b647a61a7d22d89438b75ea
    Entity as printed
    Learn Africa Plc (the Company)
    Exchange copy
    retrieved 2026-10-08T17:51:56Z

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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