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
UAC of Nigeria
On this page
Company details
- Legal name
- UAC of Nigeria PLC
- Listing
- UACN on the Nigerian Exchange, active · ISIN NGUACN000006 (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 340 billion
340,473,256 NGN thousands · p28
+72.9% vs 2024
-
Operating profit / (loss)
NGN 28.5 billion
28,497,983 NGN thousands · p28
+51.1% vs 2024
-
Profit / (loss) for the year
NGN 9.91 billion
9,908,464 NGN thousands · p28
−39.3% vs 2024
-
Total assets
NGN 597 billion
597,058,097 NGN thousands · p29
+278.5% vs 2024
-
Total equity
NGN 69.8 billion
69,770,570 NGN thousands · p29
+5.1% vs 2024
-
Cash from operations
NGN 21.1 billion
21,091,697 NGN thousands · p32
+205.3% 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 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
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Revenue | 340,473,256 | 196,900,638 |
| Cost of sales | (262,131,036) | (150,594,271) |
| Gross profit | 78,342,220 | 46,306,367 |
| Dividend income1 | 101,058 | 96,688 |
| Other operating income | 7,950,441 | 3,180,636 |
| Impairment loss on financial assets | (110,037) | (142,777) |
| Selling and distribution expenses | (27,694,063) | (12,876,879) |
| Administrative expenses | (30,091,636) | (17,698,578) |
| Operating profit | 28,497,983 | 18,865,457 |
| Finance income | 9,289,193 | 12,644,495 |
| Finance costs | (24,785,324) | (6,685,272) |
| Net finance (cost)/income2 | (15,496,131) | 5,959,223 |
| Share of profit from associates using the equity method | 3,423,156 | 722,595 |
| Profit/(loss) before minimum tax | 16,425,008 | 25,547,275 |
| Minimum tax3 | (810,641) | (400,427) |
| Profit/(loss) after minimum tax4 | 15,614,367 | 25,146,848 |
| Income tax (expense)/credit | (5,705,903) | (8,836,220) |
| Profit/(loss) for the year | 9,908,464 | 16,310,628 |
| Net changes in fair value of financial assets, net of tax5 | 78,615 | 500,967 |
| Re-measurement loss on defined benefit plan (net of tax)6 | (23,380) | –7 |
| Share of other comprehensive income/(loss) of associates using the equity method8 | 494,992 | (79,647) |
| Other comprehensive income for the year net of tax | 550,227 | 421,320 |
| Total comprehensive income for the year net of tax | 10,458,691 | 16,731,948 |
| Non controlling interests9 | (678,706) | 1,771,637 |
- Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (8)
- “Dividend income” is an issuer-specific line, not mapped to a shared definition: Note 6: dividend income, within operating profit.
- “Net finance (cost)/income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: finance income less finance costs.
- “Minimum tax” is an issuer-specific line, not mapped to a shared definition: Note 10: minimum tax, printed apart from income tax.
- “Profit/(loss) after minimum tax” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: profit before minimum tax less minimum tax.
- “Net changes in fair value of financial assets, net of tax” is an issuer-specific line, not mapped to a shared definition: OCI not recycled (note 17i).
- “Re-measurement loss on defined benefit plan (net of tax)” is an issuer-specific line, not mapped to a shared definition: OCI not recycled (note 32iii).
- “Share of other comprehensive income/(loss) of associates using the equity method” is an issuer-specific line, not mapped to a shared definition: OCI not recycled.
- “Non controlling interests” is an issuer-specific line, not mapped to a shared definition: Profit attributable to non-controlling interests.
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 114,814,024 | 28,098,517 |
| Intangible assets and goodwill | 168,386,164 | 2,720,603 |
| Investment property | 1,116,610 | 1,117,635 |
| Investments in subsidiaries1 | –2 | –2 |
| Equity instruments at fair value through other comprehensive income | 1,235,669 | 1,072,706 |
| Investments in associates | 13,910,930 | 10,147,841 |
| Debt instruments at amortised cost | –2 | 6,481,422 |
| Right of use assets | 4,640,179 | 1,866,665 |
| Trade and other receivables3 | 927,926 | 1,380,124 |
| Finance lease receivables4 | 10,372 | 10,372 |
| Employee benefits5 | 806,227 | –2 |
| Deferred tax assets | –2 | 54,183 |
| Total non-current assets | 305,848,101 | 52,950,068 |
| Inventories | 214,532,630 | 54,964,898 |
| Trade and other receivables | 25,672,349 | 8,856,234 |
| Refund assets | 23,501 | 18,507 |
| Cash and cash equivalents | 50,910,619 | 40,594,214 |
| Total current assets | 291,139,099 | 104,433,853 |
| Non-current assets held for sale6 | 70,897 | 341,878 |
| Total assets | 597,058,097 | 157,725,799 |
| Ordinary share capital | 1,463,065 | 1,463,065 |
| Share premium | 14,647,616 | 14,647,616 |
| Fair value reserve | 973,866 | 423,639 |
| Equity settled share based payment reserve7 | 522,947 | 521,879 |
| Investment in scheme shares8 | (3,477,066) | (1,257,412) |
| Other reserve9 | 91,923 | 91,923 |
| Retained earnings | 53,378,137 | 46,846,335 |
| Equity attributable to equity holders of the Company | 67,600,488 | 62,737,045 |
| Non controlling interests | 2,170,082 | 3,672,957 |
| Total equity | 69,770,570 | 66,410,002 |
| Borrowings | 159,584,296 | 10,322,116 |
| Lease liability | 1,145,221 | 1,138,612 |
| Deferred tax liabilities | 68,540,950 | 6,268,133 |
| Government grants10 | 213,001 | 340,031 |
| Employee benefits11 | 3,147,214 | 1,223,204 |
| Provisions | 60,665 | 59,988 |
| Total non-current liabilities | 232,691,347 | 19,352,084 |
| Trade and other payables | 77,864,347 | 22,509,298 |
| Contract liabilities | 6,222,464 | 3,558,788 |
| Current tax liabilities | 21,148,246 | 8,258,998 |
| Borrowings | 185,230,596 | 31,159,494 |
| Dividend payable | 2,603,902 | 5,674,793 |
| Government grants10 | 144,373 | 75,489 |
| Lease liability | 1,030,094 | 374,090 |
| Provisions | 326,802 | 326,802 |
| Refund liabilities | 25,356 | 25,961 |
| Total current liabilities | 294,596,180 | 71,963,713 |
| Total liabilities | 527,287,527 | 91,315,797 |
| Total equity and liabilities | 597,058,097 | 157,725,799 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (10)
- “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 16; nil in the Group columns.
- “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 23: non-current portion.
- “Finance lease receivables” is an issuer-specific line, not mapped to a shared definition: Note 23.1; non-current.
- “Employee benefits” is an issuer-specific line, not mapped to a shared definition: Note 32: defined-benefit surplus, non-current asset.
- “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 37(a); printed after total current assets.
- “Equity settled share based payment reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
- “Investment in scheme shares” is an issuer-specific line, not mapped to a shared definition: Own shares held under the share scheme, deducted from equity.
- “Other reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
- “Government grants” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Employee benefits” is an issuer-specific line, not mapped to a shared definition: Note 32: non-current employee-benefit obligations.
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Cash generated from/(used in) operations | 26,795,951 | 9,812,850 |
| Corporate tax paid | (5,704,254) | (2,903,282) |
| Net cash flows generated from/(used in) operating activities | 21,091,697 | 6,909,568 |
| Purchase of intangible assets | (148,486) | (16,416) |
| Purchase of property, plant and equipment | (7,123,227) | (5,212,940) |
| Proceeds from sale of property, plant and equipment | 283,731 | 203,962 |
| Proceeds from sale of intangible asset1 | 43 | –2 |
| Proceeds from disposal of investment properties3 | 277,581 | 119,600 |
| Proceeds from disposal of non-current asset held for sale4 | 1,699,747 | 110,570 |
| Purchase of equity instrument at fair value through other comprehensive income5 | (50,656) | (249,765) |
| Prepaid right-of-use assets6 | (1,446,250) | (60,626) |
| Proceeds from disposal of debt instruments7 | 5,467,084 | –2 |
| Proceeds from matured debt instruments8 | 799,147 | 338,003 |
| Dividend received9 | 90,952 | 87,019 |
| Interest received | 4,452,623 | 3,387,307 |
| Investment in subsidiaries10 | –2 | –2 |
| Acquisition of subsidiary, net of cash11 | (160,572,358) | –2 |
| Net cash flows used in investing activities | (156,270,069) | (1,293,286) |
| Dividends paid to non-controlling interests12 | (824,169) | (532,276) |
| Dividends paid to Company shareholders | (643,749) | (643,749) |
| Proceeds from borrowings | 432,247,164 | 69,049,104 |
| Unclaimed dividend returned by/(refunded to) the registrar13 | (1,972) | 28,618 |
| Repayment of borrowings | (249,046,513) | (54,891,838) |
| Interest paid on borrowings | (17,764,552) | (5,981,923) |
| Lease payment - principal portion | (184,269) | (642,380) |
| Lease payment - interest portion | (502,967) | (310,069) |
| Unclaimed dividends paid to SEC Dividend Trust Fund14 | (4,095,053) | –15 |
| Settlement of derivatives16 | (6,799,828) | –15 |
| Investment in scheme shares17 | (5,597,295) | (2,656,345) |
| Acquisition of NCI in UFL without a change in control18 | –15 | (150) |
| Purchase of NCI shares19 | –15 | (706) |
| Net cash flows generated from financing activities | 146,786,798 | 3,418,286 |
| Cash & cash equivalents at the beginning of the year | 40,600,511 | 25,271,926 |
| Effect of movements in exchange rates on cash and cash equivalents held | (1,298,157) | 6,294,017 |
| Net increase/(decrease) in cash & cash equivalents | 11,608,425 | 9,034,568 |
| Cash & cash equivalents at the end of the year | 50,910,779 | 40,600,511 |
- 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 (17)
- “Proceeds from sale of intangible asset” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Proceeds from disposal of investment properties” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Proceeds from disposal of non-current asset held for sale” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Purchase of equity instrument at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 17).
- “Prepaid right-of-use assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Proceeds from disposal of debt instruments” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Proceeds from matured debt instruments” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 6(a)).
- “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities; nil in the Group columns.
- “Acquisition of subsidiary, net of cash” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 38iii): acquisition of CHI Limited.
- “Dividends paid to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 30).
- “Unclaimed dividend returned by/(refunded to) the registrar” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 30).
- “Unclaimed dividends paid to SEC Dividend Trust Fund” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 30).
- “Settlement of derivatives” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 9).
- “Investment in scheme shares” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 33i).
- “Acquisition of NCI in UFL without a change in control” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 30).
- “Purchase of NCI shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid to Company shareholders |
(643,749) | NGN thousands | Audited financial statements, p32 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid to Company shareholders |
(643,749) | NGN thousands | Audited financial statements, p32 |
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.
-
UAC of 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: KPMG Professional Services, unmodified opinion · signed
Auditor's sign-off: Mohammed M. Adama, FCA, FRC/2012/PRO/ICAN/004/000000000443, for KPMG Professional Services
Final status: Independent auditor's report to the shareholders of UAC of Nigeria PLC (opinion PDF p21) signed (handwritten) by Mohammed M. Adama, FCA (FRC/2012/PRO/ICAN/004/000000000443) for KPMG Professional Services, Lagos, dated 28 March 2026, with the ICAN seal (PDF p27, page image). Statements approved by the board on 27 March 2026 and signed (handwritten) by the chairman, the group managing director and the group finance director (PDF p29, page image).
- Document date
- 28 Mar 2026
- Auditor's report
- 28 Mar 2026
- Board approval
- 27 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 at the end of the year in the cash-flow statement (50,910,779; 2024: 40,600,511, note 24i, p32) differ from the statement of financial position (50,910,619; 2024: 40,594,214, p29). Both kept as printed.
- On the statement of financial position (p29) the labels 'Equity instruments at fair value through other comprehensive income', 'Investments in associates' and the current 'Borrowings' are printed beside their rows but the text layer places them at the foot of the page; those rows are read by position after the preceding row and note reference.
- Profit is struck before and after minimum tax (p28): 'Profit/(loss) before minimum tax' is recorded as profit before tax, with minimum tax and the after-minimum-tax subtotal as issuer-native lines.
- Earnings per share is printed in kobo, basic and diluted identical (362; 2024: 497, p28); stored in naira (÷100) with the printed figure and unit kept.
- The Group acquired 100% of CHI Limited during 2025 (key audit matter, p22; acquisition of subsidiary, net of cash (160,572,358), p32); 2025 and 2024 are not on a like-for-like basis.
Technical details
- File
- 99 pages, with a text layer
- SHA-256
4548b67988013a984ad7223fd0c76734963c773e354e15a7b28b7acdb5b7f9df- Entity as printed
- UAC of Nigeria PLC (the Company) and its subsidiaries (together, "the Group")
- Exchange copy
- retrieved 2026-10-08T17:56:21Z
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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