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SCOA Nigeria
On this page
Company details
- Legal name
- SCOA Nigeria Plc
- Listing
- SCOA on the Nigerian Exchange, active · ISIN NGSCOA000009 (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, signed / final · source
-
Revenue
NGN 8.36 billion
8,357,316 NGN thousands · p20
−38.3% vs 2024
-
Operating profit / (loss)
NGN 762 million
762,220 NGN thousands · p20
+102.0% vs 2024
-
Profit / (loss) for the year
NGN 554 million
553,748 NGN thousands · p20
+142.0% vs 2024
-
Total assets
NGN 23.0 billion
22,997,724 NGN thousands · p21
+91.6% vs 2024
-
Total equity
NGN 3.13 billion
3,131,428 NGN thousands · p21
+28.1% vs 2024
-
Cash from operations
−NGN 9.35 billion
(9,349,626) 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
- FY2025 — annual report, signed / final; reported for the year · source
- FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Revenue | 8,357,316 | 13,534,384 |
| Cost of sales | (7,061,762) | (12,338,006) |
| Gross profit | 1,295,554 | 1,196,378 |
| Other income | 804,491 | 643,803 |
| Distribution costs | (2,103) | (3,870) |
| Administrative expenses | (1,335,723) | (1,459,043) |
| Operating profit | 762,220 | 377,268 |
| Finance income | 42,480 | 1,144 |
| Finance costs | –1 | (4,013) |
| Profit before taxation | 804,700 | 374,399 |
| Tax expenses | (250,952) | (145,587) |
| Profit for the year from operations | 553,748 | 228,812 |
| Remeasurement loss on defined benefit plans2 | (25,049) | (8,923) |
| Other comprehensive loss for the year | (25,049) | (8,923) |
| Total comprehensive profit/(loss) for the year | 528,699 | 219,889 |
| Non-controlling interests3 | 91,174 | 70,979 |
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (2)
- “Remeasurement loss on defined benefit plans” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 29).
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Profit attributable to non-controlling interests (note 19).
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 3,525,868 | 3,519,030 |
| Investment in subsidiary1 | –2 | –2 |
| Deferred tax | 430,232 | 430,232 |
| Total non-current assets | 3,956,100 | 3,949,262 |
| Inventories | 4,963,781 | 2,730,540 |
| Trade and other receivables | 12,861,383 | 904,151 |
| Other current assets3 | 166,416 | 386,992 |
| Cash and cash equivalents | 1,050,044 | 4,034,819 |
| Total current assets | 19,041,624 | 8,056,502 |
| Total assets | 22,997,724 | 12,005,764 |
| Share capital | 324,913 | 324,913 |
| Share premium | 194,405 | 194,405 |
| Revaluation reserves | 4,830,560 | 4,830,560 |
| Retained loss | (3,615,178) | (4,210,218) |
| Equity attributable to equity holder of the parent | 1,734,700 | 1,139,659 |
| Non-controlling interest | 1,396,728 | 1,305,554 |
| Total equity | 3,131,428 | 2,445,213 |
| Non-current borrowings | 974,326 | 1,221,201 |
| Defined benefit plan4 | 229,054 | 209,370 |
| Total non-current liabilities | 1,203,380 | 1,430,571 |
| Advances from customers5 | 843,259 | 843,259 |
| Trade and other payables | 6,455,939 | 2,537,051 |
| Current borrowings | 11,043,147 | 4,364,383 |
| Current tax payable | 320,571 | 385,287 |
| Total current liabilities | 18,662,916 | 8,129,980 |
| Total liabilities | 19,866,296 | 9,560,551 |
| Total equity and liabilities | 22,997,724 | 12,005,764 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (4)
- “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 18; nil in the Group columns.
- “Other current assets” is an issuer-specific line, not mapped to a shared definition: Note 23.
- “Defined benefit plan” is an issuer-specific line, not mapped to a shared definition: Note 29.1: defined benefit (gratuity) obligation, non-current.
- “Advances from customers”: mapping to a shared definition is uncertain. Advances received from customers (note 21).
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Cash generated from operations (unlabelled subtotal) | (9,033,957) | (1,851,368) |
| Income taxes paid | (315,669) | (6,760) |
| Net cash (used)/generated from in operating activities | (9,349,626) | (1,858,128) |
| Purchase of property plant and equipment | (109,518) | (15,973) |
| Proceeds from sale of property, plant and equipment | –1 | 5,050 |
| Net cash used in investing activities | (109,518) | (10,923) |
| Finance costs2 | –3 | (4,013) |
| Finance income4 | 42,480 | 1,144 |
| Receipt of current borrowings | 6,678,764 | 391,289 |
| Repayment of Non-current borrowings | (246,875) | 0 |
| Net cash generated from financing activities | 6,474,369 | 388,420 |
| Net (decrease)/increase in cash and cash equivalents | (2,984,775) | (1,480,631) |
| Cash and cash equivalents at 1 January | 3,973,346 | 5,453,977 |
| Cash and cash equivalents at 31 December | 988,570 | 3,973,346 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (2)
- “Finance costs”: mapping to a shared definition is uncertain. 'Finance costs' printed in the financing section.
- “Finance income”: mapping to a shared definition is uncertain. 'Finance income' printed in the financing section.
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.
-
SCOA Nigeria Plc [RC: 6293] Annual Report and Consolidated Financial Statements for the year ended 31 December 2025
Year ended 31 December 2025 · Annual report · signed / final
Audit: BBC Professionals (Chartered Accountants), unmodified opinion · signed
Auditor's sign-off: Gloria C Egwuenu, FRC/2013/PRO/ICAN/004/00000002607, for BBC Professionals
Final status: Independent auditor's report to the shareholders of SCOA Nigeria Plc (opinion PDF p18) signed (handwritten) by Gloria C Egwuenu (FRC/2013/PRO/ICAN/004/00000002607) for BBC Professionals, Chartered Accountants, Lagos, dated 02 April, 2026, with the ICAN seal (PDF p19, page image). The statement of financial position is signed (handwritten) by the chairman, the group managing director/CEO and the general manager finance, but the board approval date is left blank ('approved by the Board of Directors on …………..., 2026', PDF p21, page image); the directors' report is signed on behalf of the board on 02 April, 2026 (PDF p12).
- Document date
- 2 Apr 2026
- Auditor's report
- 2 Apr 2026
- Board approval
- date left blank in this document
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · NGN thousands (printed “N'000”)
- Earnings per share 0.85 naira (2024: 0.35) (p20) equals profit after tax including the non-controlling interest (553,748) over 649,826 thousand shares (share capital 324,913 at 50 kobo), not profit attributable to equity holders of the parent (462,573); the financial summary states EPS is based on profit after tax over issued shares (p81). Kept as printed.
- Cash and cash equivalents in the cash-flow statement (988,570; 2024: 3,973,346, p24) differ from the statement of financial position (1,050,044; 2024: 4,034,819, p21) by the bank overdraft (61,473 in both years; note 24, PDF p69, and note 31.3), the 2025 difference being 61,474 (rounding). Finance income and finance costs are presented within financing activities (p24).
- HIDDEN TEXT-LAYER FIGURE: on PDF p24 the text layer reads the closing-cash row as '988,570 3,973,346 1,423,381 194,552 389,104'; the page render shows only 988,570 | 3,973,346 | 1,423,381 | 194,552. The hidden 389,104 is not read. Other statement pages (pp20, 21) agree with their renders.
- The income statement's last row, labelled 'Profit for the year' (528,699; 2024: 219,889), is the total comprehensive income attribution total (p20); it is not transcribed as profit.
- The auditor's opinion paragraph (p18) refers to 'the accompanying consolidated financial statements' and the consolidated position of the Group, although the rest of the report refers to the consolidated and separate financial statements. The Group columns transcribed here are within the opinion.
Technical details
- File
- 85 pages, with a text layer
- SHA-256
0ea4130b1694b0858fdf8a47a65b87e7cd91f3d37d627638f74f7e8249551801- Entity as printed
- SCOA Nigeria Plc ("the Company") and its subsidiaries ("the Group")
- Exchange copy
- retrieved 2026-10-08T18:01:02Z
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.