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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

R.T. Briscoe

RTBRISCOE · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
R.T. Briscoe (Nigeria) Plc
Listing
RTBRISCOE on the Nigerian Exchange, active · ISIN NGRTBRISCOE9 (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

Read with these figures

  • Going-concern warning. The auditor's report for the year ended 31 December 2025 states a material uncertainty about whether the company can continue as a going concern.
Full wording and sources

  • Auditor's report, year to 2025-12-31: material uncertainty related to going concern

    Material uncertainty relating to going concern: Without qualifying our opinion, we draw attention to page 9 of these consolidated and separate financial statements, which sets out that the statement of financial position as at 31st December 2025 discloses net liabilities of N5.7 billion (2024: N8.5billion) for the group and N5.8billion (2024: N8.5billion) for the company. Included in these liabilities is N14.2 billion (2024: N13.2billion) which relate to the amounts owed to various banks. The ability of the company to continue as a going concern is dependent on the settlement of these debts. (PDF p17)

    Source: R.T. BRISCOE (NIGERIA) PLC Consolidated and Separate Financial Statements for the year ended 31 December 2025, p17 (dated 2026-03-26)

  • Revenue

    NGN 40.4 billion

    40,414,888 NGN thousands · p24

    +41.1% vs 2024

  • Operating profit / (loss)

    NGN 4.87 billion

    4,868,344 NGN thousands · p24

    +114.4% vs 2024

  • Profit / (loss) for the year

    NGN 2.80 billion

    2,802,422 NGN thousands · p24

    +246.3% vs 2024

  • Total assets

    NGN 19.3 billion

    19,288,310 NGN thousands · p23

    +52.3% vs 2024

  • Total equity

    −NGN 5.66 billion

    (5,660,934) NGN thousands · p23

    Change not shown.

  • Cash from operations

    −NGN 3.62 billion

    (3,615,323) NGN thousands · p27

    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

  • 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 thousands. 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
Revenue 40,414,888 28,634,207
Cost of sales (32,054,609) (22,592,339)
Gross profit 8,360,279 6,041,868
Other income 2,476,223 790,721
Selling & Distribution expenses (2,032,298) (1,524,122)
Administrative expenses (3,935,860) (3,037,797)
Operating profit 4,868,344 2,270,670
Net finance costs1 (1,904,008) (1,245,200)
Profit before taxation 2,964,336 1,025,470
Tax expense (161,914) (216,222)
Profit for the year from continuing operations 2,802,422 809,248
Other comprehensive income / (loss) for the year 12,666 (12,687)
Total comprehensive profit for the year 2,815,088 796,561
Notes and alternative reported figures (1)
  1. “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Finance costs net of finance income (note 13).

Balance sheet

Balance sheet, NGN thousands. 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 4,772,949 4,485,883
Intangible assets 1,075 1,882
Other receivables1 1,658,865 1,407,413
Investments2 50,000 50,000
Non-current assets (unlabelled subtotal) 6,482,889 5,945,178
Inventories 2,588,872 1,603,687
Inventories under development3 908,109 518,717
Trade and other receivables 7,392,068 3,793,852
Other current assets4 58,255 85,038
Cash and cash equivalents 1,858,118 714,632
Current assets (unlabelled subtotal) 12,805,421 6,715,926
Total assets 19,288,310 12,661,104
Trade and other payables 5,064,424 4,757,756
Current tax payable 229,079 254,510
Bank overdraft 14,228,914 13,174,384
Deferred income5 –6 2,362,392
Borrowings 5,366,370 515,000
Current liabilities (unlabelled subtotal) 24,888,787 21,064,042
Net current liabilities7 (12,083,366) (14,348,116)
Deferred tax liability 36,986 39,382
Defined benefit plan 23,472 36,097
Total non-current liabilities 60,458 75,479
Net liabilities8 (5,660,934) (8,478,418)
Ordinary shares 588,177 588,177
Share premium 409,862 409,862
Revaluation reserves 3,150,405 3,174,364
Accumulated loss (9,809,378) (12,650,822)
Equity attributable to equity holder of the parent (5,660,934) (8,478,419)
Total equity (5,660,934) (8,478,419)
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (7)
  1. “Other receivables” is an issuer-specific line, not mapped to a shared definition: Non-current other receivables (note 21).
  2. “Investments” is an issuer-specific line, not mapped to a shared definition: Investments (note 17.2; investment in RTB Savings & Fund per the cash-flow statement).
  3. “Inventories under development” is an issuer-specific line, not mapped to a shared definition: Inventories under development (note 20.1).
  4. “Other current assets” is an issuer-specific line, not mapped to a shared definition: Other current assets (note 22).
  5. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Deferred income (note 23.2), current (2025 printed '-').
  6. “Net current liabilities” is an issuer-specific line, not mapped to a shared definition: Printed line: current assets less current liabilities (negative).
  7. “Net liabilities” is an issuer-specific line, not mapped to a shared definition: Printed line: total assets less all liabilities (negative); equals total equity.

Cash flow

Cash flow, NGN thousands. 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
Cash used in operating activities (3,424,681) (278,521)
Movement in employee benefit plan1 (3,296) (3,007)
Income taxes paid (187,345) (107,187)
Net cash used in operating activities (3,615,323) (388,714)
Purchase of property plant and equipment (380,976) (96,986)
Investments in Subsidiary2 –3 –3
Proceeds from sale of property, plant and equipment 2,050 697,551
Investment in RTB Savings & Fund4 –3 (50,000)
Net cash (used) / generated from investing activities (378,926) 550,565
Finance cost5 (802,061) (148,556)
Finance income6 33,897 13,941
Movement in LPO financing facility7 4,851,370 54,867
Net cash generated / (used) from financing activities 4,083,206 (79,748)
Net increase / (decrease) in cash and cash equivalents 88,957 82,103
Cash and cash equivalents at 1 January (12,459,751) (12,541,855)
Cash and cash equivalents at 31 December (12,370,794) (12,459,751)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (6)
  1. “Movement in employee benefit plan” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 29).
  2. “Investments in Subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing activities (Group printed '-' in both years).
  3. “Investment in RTB Savings & Fund” is an issuer-specific line, not mapped to a shared definition: Investing activities (2025 printed '-').
  4. “Finance cost” is an issuer-specific line, not mapped to a shared definition: Finance cost presented under financing activities (note 13.2).
  5. “Finance income” is an issuer-specific line, not mapped to a shared definition: Finance income presented under financing activities (note 13.1).
  6. “Movement in LPO financing facility” is an issuer-specific line, not mapped to a shared definition: Net movement in the LPO financing facility (note 24), financing activities.

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)1 2.38 0.69
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (Naira)”.

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.

  • R.T. BRISCOE (NIGERIA) PLC Consolidated and Separate Financial Statements for the year ended 31 December 2025

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

    Audit: Crowe Dafinone (Chartered Accountants), Lagos, unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: Oluwatosin Dare-Abel (Engagement Partner), for Crowe Dafinone

    Final status: Report of the independent auditors to the shareholders of R.T. Briscoe (Nigeria) Plc on the consolidated and separate financial statements (scanned, PDF pp17-22; opinion p17), unmodified with a going-concern emphasis of matter, signed by hand above 'Oluwatosin Dare-Abel, Engagement Partner, FRC/2020/PRO/ICAN/004/00000021583, For Crowe Dafinone, Chartered Accountants, 26th March, 2026' with the ICAN seal (p22, page image). Statements 'approved by the Board of Directors on 26th March 2026' with handwritten signatures of Sir Sunday Nnamdi Nwosu (Chairman), Mr Oluseyi Onajide (Group Managing Director/CEO) and Mr Jubril Adetokunbo Shittu (Group Finance Director) (p23, page image).

    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
    consolidated statements · NGN thousands (printed “N'000”)
    • Cash and cash equivalents in the cash-flow statement are net of the bank overdraft and negative ((12,370,794); 2024: (12,459,751), p27): balance-sheet cash 1,858,118 less overdraft 14,228,914 (p23). Finance cost and finance income are presented under financing activities. The printed net cash differs from balance-sheet cash less overdraft by N2k in 2025 ((12,370,794) against 1,858,118 - 14,228,914 = (12,370,796)) and N1k in 2024 ((12,459,751) against 714,632 - 13,174,384 = (12,459,752)); checks cf.closing/opening_equals_balance_sheet fail by these rounding amounts. Kept as printed.
    • Net-liabilities format (p23): no total-liabilities or total-equity-and-liabilities line is printed; current assets and current liabilities are unlabelled subtotals; 'Net current liabilities' and 'Net liabilities' are printed. Group 2024 'Net liabilities' is printed (8,478,418) while 2024 equity is printed (8,478,419) (rounding, kept as printed).
    • The auditor's report (pp15-22) is a scanned insert without a text layer. Key audit matters: revenue recognition, impairment of trade receivables, borrowings (AMCON settlement). The auditor's separate attestation on internal control over financial reporting (pp15-16) is signed and dated '26th March, 2025' (as printed).
    Technical details
    File
    79 pages, with a text layer
    SHA-256
    af3caefc4b5aa85146be2c716888ddf1c36f1dd5bcb39514575a3a9d751cc585
    Entity as printed
    R.T. BRISCOE (NIGERIA) PLC (the company) and its subsidiaries (the group)
    Exchange copy
    retrieved 2026-10-08T17:56:18Z

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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