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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (9 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

McNichols

MCNICHOLS · Nigerian Exchange · Company statements

On this page
Company details
Legal name
McNichols Consolidated Plc
Listing
MCNICHOLS on the Nigerian Exchange, active · ISIN NGMCNICHOLS7 (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 · audited financial statements, signed / final · source

  • Revenue

    NGN 6.21 billion

    6,205,050,274 NGN units · p15

    +6.9% vs 2024

  • Operating profit / (loss)

    NGN 333 million

    333,193,806 NGN units · p15

    +207.1% vs 2024

  • Profit / (loss) for the year

    NGN 346 million

    346,382,081 NGN units · p15

    +199.2% vs 2024

  • Total assets

    NGN 1.89 billion

    1,893,616,857 NGN units · p16

    +44.1% vs 2024

  • Total equity

    NGN 929 million

    929,296,060 NGN units · p16

    +40.4% vs 2024

  • Cash from operations

    NGN 473 million

    472,675,260 NGN units · p19

    +198.4% 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 units 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 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN units. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Turnover 6,205,050,274 5,801,919,272
Cost of Sales (5,514,385,021) (5,331,261,659)
Distribution, Marketing and Other Expenses1 (169,773,139) (149,958,584)
Administrative Expenses (196,630,154) (216,708,615)
Other Income 8,931,846 4,508,604
Operating Profit 333,193,806 108,499,018
Financial Income 61,184,799 49,938,396
Financial Cost (2,589,918) (6,727,859)
Profit Before Tax 391,788,686 151,709,555
Income Tax Expense2 (45,406,605) (35,946,509)
Profit After Tax3 346,382,081 115,763,046
Deferred Tax Movement4 (38,473,567) (21,120,301)
Investment Income5 3,348,941 20,431,826
Total Comprehensive Income for the year 311,257,455 115,074,571
Notes and alternative reported figures (5)
  1. “Distribution, Marketing and Other Expenses”: mapping to a shared definition is uncertain. One line combining distribution, marketing and other expenses (p15).
  2. “Income Tax Expense”: mapping to a shared definition is uncertain. Current income tax only; the deferred tax charge is printed separately below 'Profit After Tax' (p15).
  3. “Profit After Tax”: mapping to a shared definition is uncertain. Printed 'Profit After Tax' before a deferred tax charge; the statement's 'Profit for the year attributable to owners of the company' repeats total comprehensive income (311,257,455; 2024: 115,074,571) (p15).
  4. “Deferred Tax Movement” is an issuer-specific line, not mapped to a shared definition: Deferred tax (note 15) printed below 'Profit After Tax' and deducted in arriving at total comprehensive income (p15).
  5. “Investment Income” is an issuer-specific line, not mapped to a shared definition: Printed under 'Other Comprehensive Income for the year' (note 9) and added in arriving at total comprehensive income (p15); equal to the 'Discontinued Operation' inflow in investing activities (p19).

Balance sheet

Balance sheet, NGN units. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Property, Plant and Equipment 680,071,562 390,713,699
Investments1 –2 1,002,420
Total Non-Current Assets 680,071,562 391,716,119
Inventories 503,439,164 407,239,495
Trade and Other Receivables 300,122,229 188,903,940
Cash and Cash Equivalents 399,622,729 309,901,052
Restricted Cash3 10,361,173 16,683,803
Total Current Assets 1,213,545,295 922,728,290
Total Assets 1,893,616,857 1,314,444,409
Trade and Other Payables 695,175,105 424,903,059
Loans and Borrowings –4 24,062,500
Current Tax Liabilities 45,406,605 35,946,509
Total Current Liabilities 740,581,710 484,912,069
Loans and Borrowings –5 –5
Provisions 141,545,501 123,760,000
Deferred Tax Liabilities 82,193,585 43,720,018
Total Non-Current Liabilities 223,739,086 167,480,018
Ordinary Share Capital 558,396,565 558,396,565
Share Premium 5,576,000 5,576,000
Retained Earnings 365,323,496 98,079,757
Total Equity 929,296,060 662,052,322
Total Equity and Liabilities 1,893,616,857 1,314,444,409
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (2)
  1. “Investments” is an issuer-specific line, not mapped to a shared definition: Note 26: investment in Eunisell Interlinked Plc, disposed of in 2025 (p16; auditor's KAM p9).
  2. “Restricted Cash” is an issuer-specific line, not mapped to a shared definition: Note 20: restricted cash, printed apart from cash and cash equivalents (p16).

Cash flow

Cash flow, NGN units. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Net Cash Provided by Operating Activities 472,675,260 158,428,511
Purchase of property, plant and equipment (367,399,359) (140,655,880)
Adjustment of property, plant and equipment1 –2 12,298,126
Discontinued Operation3 3,348,941 20,431,826
Investment4 1,002,420 5,397,580
Net cash used in investing activities (363,047,997) (102,528,349)
Loans and borrowing –5 (24,062,500)
Provisions6 17,785,501 38,760,000
Dividend Paid (44,671,725) (44,671,725)
Retained Earnings Adjustment7 658,008 –5
Net cash flow generated from financing activities (26,228,216) (29,974,225)
Net increase in cash and cash equivalents 83,399,047 25,925,937
Cash and cash equivalents at the beginning of the year 326,584,855 300,658,918
Cash and cash equivalents at the end of the year 409,983,902 326,584,855
  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 (5)
  1. “Adjustment of property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Investing line as printed (p19).
  2. “Discontinued Operation” is an issuer-specific line, not mapped to a shared definition: Investing inflow as printed (p19).
  3. “Investment” is an issuer-specific line, not mapped to a shared definition: Investing inflow from the investment (disposal), as printed (p19).
  4. “Provisions” is an issuer-specific line, not mapped to a shared definition: Increase in provisions presented within financing activities (p19).
  5. “Retained Earnings Adjustment” is an issuer-specific line, not mapped to a shared definition: Financing line as printed (p19).

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)41 0.27872 0.10303
  1. Printed as 27.87 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
  2. Printed as 10.30 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. “Basic (Kobo)”: mapping to a shared definition is uncertain. Basic EPS only, in kobo; computed on total comprehensive income (the line headed 'profit attributable to owners of the parent') (p15).
  2. Earnings / (loss) per share: printed as “Basic (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 Dec 2025 Dividends paid (cash flow statement) Dividend Paid (44,671,725) NGN units Audited financial statements, p19
31 Dec 2024 Dividends paid (cash flow statement) Dividend Paid (44,671,725) NGN units Audited financial statements, p19

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.

  • McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025

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

    Audit: Gbenga Badejo & Co. (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Emmanuel Igemokhai Ogiaga, FCA, Audit Partner, Gbenga Badejo & Co.

    Final status: Report of the independent auditors of Gbenga Badejo & Co. (Chartered Accountants), unmodified opinion (PDF p8), signed by the engagement partner Emmanuel Igemokhai Ogiaga, FCA (FRC/2021/004/00000024269) with the ICAN seal, 'Dated: 26th March, 2026' (PDF p12, render; OCR misreads the year as 2025). Statements approved by the Board of Directors on 26th March, 2026 and signed by the Chairman, Managing Director and Finance Manager, hand signatures visible (PDF p17).

    Document date
    26 Mar 2026
    Auditor's report
    26 Mar 2026
    Board approval
    26 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN units (printed “₦”)
    • Totals differ from their printed components by 1 (rounding): total equity and liabilities 2025 (sum 1,893,616,856, printed 1,893,616,857), total equity 2025 (sum 929,296,061, printed 929,296,060), net cash used in investing 2025 (sum (363,047,998), printed (363,047,997)). The ICFR assurance report refers to the audit report as 'dated 27th March 2026' (p13), while the audit report itself is dated 26th March 2026 (p12).
    • Irregular presentation kept as printed: income tax expense (45,406,605) is deducted to 'Profit After Tax' 346,382,081; a 'Deferred Tax Movement' (38,473,567) and, under 'Other Comprehensive Income for the year', 'Investment Income' 3,348,941 follow to total comprehensive income 311,257,455, which is also printed as 'Profit for the year attributable to owners of the company' and used for EPS (27.87 kobo) (p15). The cash-flow statement labels profit before tax 'Cash generated from operations' and presents provisions within financing (p19). Cash at end of year (409,983,902) includes restricted cash (399,622,729 + 10,361,173, p16).
    Technical details
    File
    52 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    95ba6db5edddc6a582069ea3330f54883677e8544d73f00320d23a71562d282b
    Entity as printed
    McNICHOLS CONSOLIDATED PLC
    Note
    Every page is a scanned image without a text layer. Many amounts carry OCR full stops for commas (fixed from the render). OCR shifts the current loans and borrowings / current tax rows and the financing loans / provisions rows; those cells were read on the render.
    Exchange copy
    retrieved 2026-10-08T17:55:57Z

Data notes

  • Total Non-Current Assets — OCR read '391.716,119'; the page image shows '391,716,119'. Total non-current assets 2024: OCR reads a full stop for a comma; the render shows 391,716,119. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Restricted Cash — OCR read '10,361.173'; the page image shows '10,361,173'. Restricted cash 2025: OCR reads a full stop for a comma; the render shows 10,361,173. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Restricted Cash — OCR read '16.683,803'; the page image shows '16,683,803'. Restricted cash 2024: OCR reads a full stop for a comma; the render shows 16,683,803. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Assets — OCR read '1.893.616.857'; the page image shows '1,893,616,857'. Total assets / total equity and liabilities 2025: OCR reads full stops for the commas; the render shows 1,893,616,857. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Assets — OCR read '1,314.444,409'; the page image shows '1,314,444,409'. Total assets 2024: OCR reads a full stop for a comma; the render shows 1,314,444,409. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Current Liabilities — OCR read '740.581,710'; the page image shows '740,581,710'. Total current liabilities 2025: OCR reads a full stop for a comma; the render shows 740,581,710. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Current Liabilities — OCR read '484.912,069'; the page image shows '484,912,069'. Total current liabilities 2024: OCR reads a full stop for a comma; the render shows 484,912,069. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Deferred Tax Liabilities — OCR read '82.193,585'; the page image shows '82,193,585'. Deferred tax liabilities 2025: OCR reads a full stop for a comma; the render shows 82,193,585. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Deferred Tax Liabilities — OCR read '43,720.018'; the page image shows '43,720,018'. Deferred tax liabilities 2024: OCR reads a full stop for a comma; the render shows 43,720,018. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Non-Current Liabilities — OCR read '223.739.086'; the page image shows '223,739,086'. Total non-current liabilities 2025: OCR reads full stops for the commas; the render shows 223,739,086. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Non-Current Liabilities — OCR read '167.480.018'; the page image shows '167,480,018'. Total non-current liabilities 2024: OCR reads full stops for the commas; the render shows 167,480,018. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Total Equity and Liabilities — OCR read '1.314.444.409'; the page image shows '1,314,444,409'. Total equity and liabilities 2024: OCR reads full stops for the commas; the render shows 1,314,444,409. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p16)
  • Net Cash Provided by Operating Activities — OCR read '158.428,511'; the page image shows '158,428,511'. Net cash from operating activities 2024: OCR reads a full stop for a comma; the render shows 158,428,511. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p19)
  • Discontinued Operation — OCR read '20.431,826'; the page image shows '20,431,826'. Discontinued operation 2024: OCR reads a full stop for a comma; the render shows 20,431,826. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p19)
  • Net cash used in investing activities — OCR read '(102.528,349)'; the page image shows '(102,528,349)'. Net cash used in investing 2024: OCR reads a full stop for a comma; the render shows (102,528,349). (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p19)
  • Net cash flow generated from financing activities — OCR read '(29.974.225)'; the page image shows '(29,974,225)'. Net cash from financing 2024: OCR reads full stops for the commas; the render shows (29,974,225). (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p19)
  • Cash and cash equivalents at the end of the year — OCR read '409.983,902'; the page image shows '409,983,902'. Cash at end of year 2025: OCR reads a full stop for a comma; the render shows 409,983,902. (McNICHOLS CONSOLIDATED PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2025, p19)

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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