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Nigerian Enamelware
On this page
Company details
- Legal name
- Nigerian Enamelware Plc
- Listing
- ENAMELWA on the Nigerian Exchange, active · ISIN NGENAMELWA03 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 April
Overview
Year ended 30 April 2026 · audited financial statements, signed / final · source
Source and wording notes
Auditor's emphasis of matter
Going Concern: the auditor draws attention to note 24 — accumulated losses of ₦827.874 million and negative shareholders' funds of ₦728.772 million at 30 April 2025 (2024: ₦843.35 million; ₦744.25 million negative), a profit after tax of ₦15.48 million for the year after the 2024 loss caused by a ₦2,661 million related-party receivables impairment; 'these events or conditions ... indicate that no material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.' (p16)
Source: Nigerian Enamelware Plc Financial Statements for the year ended 30 April 2025 (dated 2025-07-23)
FY to 30 Apr 2024 figures come from an audited financial statements, signed / final — see the column notes.
-
Revenue
NGN 1.30 billion
1,301,835 NGN thousands · p21
−9.0% vs 2025
-
Operating profit / (loss)
Not reported in this filing
-
Profit / (loss) for the year
−NGN 80.1 million
(80,109) NGN thousands · p21
Moved from profit to loss (FY to 30 Apr 2025: 15,476 NGN thousands)
-
Total assets
NGN 2.89 billion
2,888,416 NGN thousands · p22
+7.0% vs 2025
-
Total equity
−NGN 809 million
(808,881) NGN thousands · p22
Change not shown.
-
Cash from operations
NGN 559 million
559,351 NGN thousands · p24
Change not shown.
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
- FY to 30 Apr 2026 — audited financial statements, signed / final; reported for the year · source
- FY to 30 Apr 2025 — audited financial statements, signed / final; comparative in the FY to 30 Apr 2026 filing · source
- FY to 30 Apr 2024 — audited financial statements, signed / final; comparative in the FY to 30 Apr 2025 filing · source
- Auditor's emphasis of matter. Going Concern: the auditor draws attention to note 24 — accumulated losses of ₦827.874 million and negative shareholders' funds of ₦728.772 million at 30 April 2025 (2024: ₦843.35 million; ₦744.25 million negative), a profit after tax of ₦15.48 million for the year after the 2024 loss caused by a ₦2,661 million related-party receivables impairment; 'these events or conditions ... indicate that no material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.' (p16)
Income statement
| Line (as printed) | FY to 30 Apr 2026Audited financial statementsreported for the year | FY to 30 Apr 2025Audited financial statementscomparative in FY to 30 Apr 2026 filing | FY to 30 Apr 2024Audited financial statementscomparative in FY to 30 Apr 2025 filingsource limitations |
|---|---|---|---|
| Revenue | 1,301,835 | 1,431,093 | 718,349 |
| Cost of sales | (1,222,829) | (1,376,960) | (530,645) |
| Gross profit1 | 79,006 | 54,133 | 187,704 |
| Other operating income | 68,719 | 114,056 | 9,438 |
| Movement in credit loss allowances | (38,261) | –2 | Not reported in this filing3 |
| Operating expenses | (191,799) | (143,255) | (2,761,898) |
| (Loss) profit before taxation4 | (82,335) | 24,934 | (2,564,756) |
| Taxation | 2,226 | (9,458) | (33,044) |
| (Loss) profit for the year5 | (80,109) | 15,476 | (2,597,800) |
| Other comprehensive income | –6 | –6 | –6 |
| Total comprehensive (loss) income for the year7 | (80,109) | 15,476 | (2,597,800) |
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
- Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (5)
- Printed under different labels across filings: “Gross profit”; “Gross profit (loss)”.
- Not reported in this filing: Not reported separately on the face of the statement (p20): included in 'Operating expenses' ((2,761,898)); note 5 (p31) itemises 'Bad debts' 2,661,146 within that line. The component is not shown as a statement line. Statement and note 5 checked on the page image (p20, p31).
- Printed under different labels across filings: “(Loss) profit before taxation”; “Profit (loss) before taxation”.
- Printed under different labels across filings: “(Loss) profit for the year”; “Profit (loss) for the year”.
- Printed under different labels across filings: “Total comprehensive (loss) income for the year”; “Total comprehensive income (loss) for the year”.
Balance sheet
| Line (as printed) | FY to 30 Apr 2026Audited financial statementsreported for the year | FY to 30 Apr 2025Audited financial statementscomparative in FY to 30 Apr 2026 filing | FY to 30 Apr 2024Audited financial statementscomparative in FY to 30 Apr 2025 filingsource limitations |
|---|---|---|---|
| Property, plant and equipment | 255,066 | 284,411 | 315,623 |
| Inventories | 689,838 | 283,204 | 382,615 |
| Trade and other receivables | 1,132,981 | 1,199,609 | 1,167,102 |
| Prepayments1 | 25,163 | 694,789 | 208,198 |
| Cash and cash equivalents | 785,368 | 238,041 | 429,197 |
| Current assets (unlabelled subtotal) | 2,633,350 | 2,415,643 | 2,187,112 |
| Total Assets | 2,888,416 | 2,700,054 | 2,502,735 |
| Share capital | 38,016 | 38,016 | 38,016 |
| Reserves2 | 61,086 | 61,086 | 61,086 |
| Accumulated loss | (907,983) | (827,874) | (843,350) |
| Equity (unlabelled subtotal) | (808,881) | (728,772) | (744,248) |
| Deferred tax | 71,317 | 80,052 | 88,176 |
| Trade and other payables | 2,489,549 | 2,216,990 | 2,041,991 |
| Current tax payable | 1,136,431 | 1,131,784 | 1,116,816 |
| Current liabilities (unlabelled subtotal) | 3,625,980 | 3,348,774 | 3,158,807 |
| Total Liabilities | 3,697,297 | 3,428,826 | 3,246,983 |
| Total Equity and Liabilities | 2,888,416 | 2,700,054 | 2,502,735 |
Notes and alternative reported figures (2)
- “Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 14: prepayments, printed apart from trade and other receivables.
- Printed under different labels across filings: “Other reserves”; “Reserves”.
Cash flow
| Line (as printed) | FY to 30 Apr 2026Audited financial statementsreported for the year | FY to 30 Apr 2025Audited financial statementscomparative in FY to 30 Apr 2026 filing | FY to 30 Apr 2024Audited financial statementscomparative in FY to 30 Apr 2025 filingsource limitations |
|---|---|---|---|
| Cash generated from operations1 | 561,213 | (178,825) | (976,626) |
| Tax paid | (1,862) | (2,613) | (36,891) |
| Net cash from operating activities | 559,351 | (181,438) | (1,013,517) |
| Purchase of property, plant and equipment | (12,024) | (9,718) | –2 |
| Total cash movement for the year | 547,327 | (191,156) | (990,771) |
| Cash and cash equivalents at the beginning of the year | 238,041 | 429,197 | 1,419,968 |
| Cash and cash equivalents at the end of the year | 785,368 | 238,041 | 429,197 |
| Write back of unclaimed dividend3 | Not reported in this filing4 | Not reported in this filing65 | 22,746 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.net_change_in_cash.
Notes and alternative reported figures (5)
- Printed under different labels across filings: “Cash generated from operations”; “Cash used in operations”.
- “Write back of unclaimed dividend” is an issuer-specific line, not mapped to a shared definition: Printed under 'Cash flows from financing activities' (no financing total printed).
- Not reported in this filing: Not printed: the FY2026 statement of cash flows (p24) has no 'Write back of unclaimed dividend' line in either column. Its operating lines are '(Loss)/Profit before taxation', 'Depreciation', 'Movement in credit loss allowances', four working-capital lines, 'Cash generated from operations', 'Tax paid' and 'Net cash from operating activities'; the financing heading carries no lines. Checked on the page image (p24).
- Audited financial statements dated 2025-07-23 presents this line for this year: - (p23). Not shown in this column, which follows one filing's presentation.
- Not reported in this filing: Not printed: the FY2026 statement of cash flows (p24) has no 'Write back of unclaimed dividend' line, so its 2025 comparative column prints nothing for it (the FY2025 statement, p23, printed '-' for 2025 on that line; not used to fill this cell). Checked on the page image (p24).
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.
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Nigerian Enamelware Plc Financial Statements for the year ended 30 April 2026
Year ended 30 April 2026 · Audited financial statements · signed / final
Audit: Sola Oyetayo & Co. (Chartered Accountants), unmodified opinion · signed
Auditor's sign-off: Sola Oyetayo, FCA, for Sola Oyetayo & Co.
Final status: Auditor's report signed for Sola Oyetayo & Co. (Sola Oyetayo, FCA) and dated July 27, 2026, with the ICAN seal (PDF p20, page image); statements approved by the board on July 23, 2026 and signed by the chairman, the managing director and the chief financial officer (PDF p22, page image).
- Document date
- 27 Jul 2026
- Published
- 28 Jul 2026
- Auditor's report
- 27 Jul 2026
- Board approval
- 23 Jul 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Apr 2026, FY to 30 Apr 2025
- Basis
- company statements · NGN thousands (printed “₦ '000”)
- No operating-profit, non-current-assets, non-current-liabilities, investing or financing subtotal is printed; the financing section prints no line. Recorded as not reported.
- Earnings per share is printed in kobo ((105.00); 2025: 20.00, p21; diluted printed identically); stored in naira (÷100) with the printed figure and unit kept.
Technical details
- File
- 48 pages, with a text layer
- SHA-256
ca24a47168e800413f069801e18eef7a2326c459a31f6d24a26399725277d34e- Entity as printed
- NIGERIAN ENAMELWARE PLC (the company)
- Exchange copy
- retrieved 2026-10-08T17:51:19Z
-
Nigerian Enamelware Plc Financial Statements for the year ended 30 April 2025
Year ended 30 April 2025 · Audited financial statements · signed / final
Audit: Sola Oyetayo & Co. (Chartered Accountants), unmodified opinion · signed
Auditor's sign-off: Sola Oyetayo, FCA, for Sola Oyetayo & Co.
Final status: Independent auditor's report (PDF pp16-19) with an unmodified opinion, signed by hand for Sola Oyetayo & Co. (Sola Oyetayo, FCA, FRC/2013/PRO/ICAN/004/00000000642), Lagos, dated July 23, 2025, with the ICAN seal (PDF p19, page image); statements approved by the board on July 22, 2025 and signed by hand by the chairman (Bamofin Olatokunbo Sanni), the managing director/CEO (Taiwo Alli) and the finance director (Lawrence I. Iseh) (PDF p21, page image).
- Document date
- 23 Jul 2025
- Auditor's report
- 23 Jul 2025
- Board approval
- 22 Jul 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Apr 2024
- Basis
- company statements · NGN thousands (printed “₦ '000”)
- No operating-profit, non-current-assets, non-current-liabilities, investing or financing subtotal is printed; recorded as not reported. No earnings-per-share line is printed on the statement of profit or loss (p20).
- The plain text layer separates labels from amounts and splits some amounts ('1,4 31,093', '80 ,052'); the word-position re-read joins them as printed (1,431,093; 80,052), matching the page renders. No figure in the text layer differs from the printed page.
Technical details
- File
- 47 pages, with a text layer
- SHA-256
56e5ca94988791178e9dcc19b5cfff435b5ed11b25cc788b782e79beb11e7a9e- Entity as printed
- NIGERIAN ENAMELWARE PLC (the company)
- Exchange copy
- retrieved 2026-10-08T17:52:12Z
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.
Download
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.