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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

Thomas Wyatt Nigeria

THOMASWY · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Thomas Wyatt Nigeria Plc
Listing
THOMASWY on the Nigerian Exchange, active · ISIN NGTHOMASWY07 (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

Read with these figures

  • Qualified audit opinion. FY to 31 Mar 2026: Basis: Basis for qualified opinion (PDF p16). Details below.
Full wording and sources

  • Auditor's report, year to 2026-03-31: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. The auditor (Nexia Agbo Abel & Co) gave a qualified opinion on Thomas Wyatt Nigeria Plc's consolidated financial statements for the year ended 31 March 2026. Except for the possible effects of one matter, the auditor found they present fairly. The matter: the auditor could not verify the carrying amount of the debt owed to Leadway Assurance (N265 million, 83% of the group's N317.4 million of non-current liabilities) or a long-outstanding Access Bank overdraft of N8.8 million. Figures are shown as published. (auditor's report, PDF p16; verified on the page images 2026-10-08)

    Source: Thomas Wyatt Nigeria Plc Consolidated and Separate Financial Statements for the year ended 31 March 2026, p16 (dated 2026-07-13)

  • Revenue

    NGN 113 million

    113,053 NGN thousands · p21

    +23.5% vs 2025

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    NGN 24.4 million

    24,357 NGN thousands · p21

    Moved from loss to profit (FY to 31 Mar 2025: (16,397) NGN thousands)

  • Total assets

    NGN 1.04 billion

    1,039,373 NGN thousands · p22

    +2.7% vs 2025

  • Total equity

    NGN 528 million

    527,736 NGN thousands · p22

    +5.5% vs 2025

  • Cash from operations

    NGN 11.1 million

    11,087 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 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

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.
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 filing
Revenue 113,053 91,525
Cost of sales (83,888) (94,004)
Gross profit/(loss) 29,165 (2,480)
Other income 89,505 52,152
Gross profit plus other income (unlabelled subtotal)1 118,670 49,672
Administrative expenses (70,296) (41,411)
Depreciation (8,416) (8,402)
Distribution expenses (13,515) (6,678)
Profit/(loss) for the year 26,443 (6,819)
Income tax expenses (2,086) (9,578)
Profit/(loss) for the year after taxation 24,357 (16,397)
Non-controlling interest2 1,775 7,977
Other comprehensive income for the year –3 –3
Total comprehensive income 24,357 (16,397)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (2)
  1. “Gross profit plus other income (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal printed after other income.
  2. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Attribution of profit after taxation.

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.
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 filing
Property, plant and equipment 954,497 966,339
Investment1 502 502
Non-current assets (unlabelled subtotal) 954,999 966,841
Inventories 6,134 10,522
Trade receivables 16,858 7,093
Other receivables and prepayment2 42,190 19,118
Cash and cash equivalents 19,192 8,105
Current assets (unlabelled subtotal) 84,374 44,838
Total assets 1,039,373 1,011,679
Share capital 198,000 198,000
Share premium 83,558 83,558
Retained earnings (514,511) (540,197)
Revaluation surplus 681,883 681,883
Equity attributable to equity holder of the parent 448,930 423,244
Non-controlling interest 78,806 77,031
Total equity (unlabelled subtotal) 527,736 500,275
Long term obligation3 265,000 265,000
Obligation under defined benefit 52,448 52,449
Non-current liabilities (unlabelled subtotal) 317,448 317,449
Trade and other payables 130,502 131,895
Bank overdrafts 8,810 8,810
Current income tax liabilities 54,878 53,250
Current liabilities (unlabelled subtotal) 194,189 193,955
Total liabilities 511,637 511,404
Total equity and liabilities 1,039,373 1,011,679
Notes and alternative reported figures (3)
  1. “Investment” is an issuer-specific line, not mapped to a shared definition: Note 14: non-current investment.
  2. “Other receivables and prepayment” is an issuer-specific line, not mapped to a shared definition: Note 17, current assets.
  3. “Long term obligation” is an issuer-specific line, not mapped to a shared definition: Note 23: non-current; the auditor's basis for qualification describes it as debt owed to Leadway Assurance Company Limited.

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.
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 filing
Profit/(Loss) after tax1 24,357 (16,397)
Prior year adjustment2 3,105 5,198
Profit on disposal of asset3 –4 (19,450)
Depreciation5 11,841 24,719
Cash generated from operations6 39,303 (5,930)
Decrease in inventory7 4,387 3,293
Increase in trade receivables8 (9,765) (7,093)
Increase in other receivables and prepayment9 (23,072) (331)
(Decrease) / Increase in trade and other payables10 (1,394) (9,062)
Decrease in finance lease11 –12 (1,200)
Movement in taxation13 1,628 9,578
Net cashflow from operating activities 11,087 (10,695)
Purchase of property, plant and equipment –14 (4,552)
Proceed on disposal of property, plant and equipment –14 19,900
Net cashflow used in investing activities –15 15,348
Net increase in cash and cash equivalents 11,087 4,652
Cash and cash equivalents at 1 January (705) (5,357)
Cash and cash equivalents at 31 December 10,382 (705)
Increase in obligation under defined benefit16 Not reported in this filing17 49
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_vzs4xb6377tj.cash_before_working_capital.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  4. Printed “-”, read as nil: subtotal_arithmetic: cf.net_change_in_cash.
Notes and alternative reported figures (13)
  1. “Profit/(Loss) after tax” is an issuer-specific line, not mapped to a shared definition: Starting point of the indirect cash-flow statement; equals profit after taxation (p21).
  2. “Prior year adjustment” is an issuer-specific line, not mapped to a shared definition: Operating activities, added to profit after tax.
  3. “Profit on disposal of asset” is an issuer-specific line, not mapped to a shared definition: Operating activities, non-cash adjustment (note 8).
  4. “Depreciation” is an issuer-specific line, not mapped to a shared definition: Operating activities, non-cash adjustment (note 13).
  5. “Cash generated from operations” is an issuer-specific line, not mapped to a shared definition: Printed 'Cash generated from operations' before the changes in operating assets and liabilities.
  6. “Decrease in inventory” is an issuer-specific line, not mapped to a shared definition: Working-capital change, note 15.
  7. “Increase in trade receivables” is an issuer-specific line, not mapped to a shared definition: Working-capital change, note 16.
  8. “Increase in other receivables and prepayment” is an issuer-specific line, not mapped to a shared definition: Working-capital change, note 17.
  9. “(Decrease) / Increase in trade and other payables” is an issuer-specific line, not mapped to a shared definition: Working-capital change, note 26.
  10. “Decrease in finance lease” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  11. “Movement in taxation” is an issuer-specific line, not mapped to a shared definition: Operating activities: movement in the tax liability (no tax-paid line is printed).
  12. “Increase in obligation under defined benefit” is an issuer-specific line, not mapped to a shared definition: Working-capital change; group 2026 cell blank.
  13. Not reported in this filing: Not printed for 2026: the line 'Increase in obligation under defined benefit' carries a 2025 amount (49) only; the 2026 column is left blank (p24, checked on the page image).

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.
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 filing
Earnings / (loss) per share (per share)3 0.061 (0.12)2
Profit / (loss) attributable to shareholders (NGN thousands)4 22,582 (24,374)
  1. Printed as 6 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as (12) kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic profit/(loss) per share”.
  2. Profit / (loss) attributable to shareholders: printed as “Equity holders of the Parent”.

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.

  • Thomas Wyatt Nigeria Plc Consolidated and Separate Financial Statements for the year ended 31 March 2026

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

    Audit: Nexia Agbo Abel & Co (Chartered Accountants), qualified opinion · signed

    Auditor's sign-off: Friday O. Inneh, for Nexia Agbo Abel & Co

    Final status: Report of the independent auditors (Nexia Agbo Abel & Co) to the shareholders of Thomas Wyatt Nigeria Plc on the consolidated financial statements (scanned, PDF p16): QUALIFIED opinion ('except for the possible effects of the matter described in the Basis for Qualified Opinion'): the auditors could not obtain sufficient appropriate evidence about the N265 million debt owed to Leadway Assurance Company Limited within non-current liabilities and the N8.8 million overdraft with Access Bank Plc. The report closes on PDF p20 (scanned) with the handwritten signature of Inneh O. Friday (FRC/2012/PRO/00000000258) for Nexia Agbo Abel & Co, Abuja, 13 July 2026, with the ICAN stamp (page image). Statement of financial position (PDF p22): approved by the Board of Directors on 26 June 2026 and signed by Mr. Stephen Shaibu Mayaki (Chairman) and Tolulope O. Osunsanya (Director) (handwritten signatures, page image). The opinion addresses the consolidated statements; the separate company columns are not transcribed.

    Document date
    13 Jul 2026
    Auditor's report
    13 Jul 2026
    Board approval
    26 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
    consolidated statements · NGN thousands (printed “₦ '000”)
    • The auditor (Nexia Agbo Abel & Co) gave a qualified opinion on Thomas Wyatt Nigeria Plc's consolidated financial statements for the year ended 31 March 2026. Except for the possible effects of one matter, the auditor found they present fairly. The matter: the auditor could not verify the carrying amount of the debt owed to Leadway Assurance (N265 million, 83% of the group's N317.4 million of non-current liabilities) or a long-outstanding Access Bank overdraft of N8.8 million. Figures are shown as published. (auditor's report, PDF p16; verified on the page images 2026-10-08)
    • Basis: Basis for qualified opinion (PDF p16).
    • Printed 2025 net cash flow from operating activities ((10,695), p24) differs by 1 thousand from the sum of its printed lines ((10,696)). Kept as printed, checked on the page image.
    • The results-at-a-glance page (p4, not a primary statement) prints 2025 group figures that differ from the 2025 columns of the primary statements (e.g. total assets 1,023,513 against 1,011,679, equity 511,474 against 500,275, EPS (4) against (12) kobo); the primary statements are transcribed.
    • Blank cells in the group columns of p24: 'Increase in obligation under defined benefit' prints no 2026 figure (2025: 49), read for the comparative only.
    • The balance sheet prints its non-current-asset, current-asset, total-equity, non-current-liability and current-liability subtotals without labels (p22).
    • The cash-flow statement (p24) starts from profit after tax and adds a 'Prior year adjustment' (3,105; 2025: 5,198); its 'Cash generated from operations' is struck before working-capital changes; no income-tax-paid line is printed ('Movement in taxation' instead); no financing section is printed. Opening and closing cash are labelled '1 January' and '31 December' although the year runs from 1 April to 31 March, and are net of bank overdrafts (closing 10,382 = cash and bank balances 19,192 less overdrafts 8,810).
    • The line printed 'Profit/(loss) for the year' (26,443; 2025: (6,819), p21) is profit before income tax; profit after tax is 'Profit/(loss) for the year after taxation'.
    • Two 2025 working-capital figures are printed without a thousands separator ('3293' and '(7093)', p24, as on the render); read as printed.
    • EPS printed in kobo (6; 2025: (12), p21); stored in naira with the printed figure and unit kept.
    Technical details
    File
    54 pages, with a text layer
    SHA-256
    83a94c2c07390bbd5ec134e3473e61765badc345608a6ae87b28ca06fed385a3
    Entity as printed
    Thomas Wyatt Nigeria Plc and its subsidiary (together 'the group')
    Exchange copy
    retrieved 2026-10-08T17:51:16Z

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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