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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

University Press

UPL · Nigerian Exchange · Company statements

On this page
Company details
Legal name
University Press Plc
Listing
UPL on the Nigerian Exchange, active · ISIN NGUPL0000008 (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

  • Revenue

    NGN 3.89 billion

    3,894,772 NGN thousands · p28

    +14.5% vs 2025

  • Operating profit / (loss)

    NGN 338 million

    338,161 NGN thousands · p28

    −37.5% vs 2025

  • Profit / (loss) for the year

    NGN 214 million

    213,673 NGN thousands · p28

    −52.6% vs 2025

  • Total assets

    Not reported in this filing

  • Total equity

    NGN 3.56 billion

    3,557,416 NGN thousands · p27

    +4.4% vs 2025

  • Cash from operations

    −NGN 11.6 million

    (11,598) NGN thousands · p30

    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
  • FY to 31 Mar 2024 — audited financial statements, signed / final; comparative in the FY to 31 Mar 2025 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; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
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 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filing
Revenue 3,894,772 3,402,471 2,632,232
Cost of sales (1,762,926) (1,445,023) (1,172,525)
Gross profit 2,131,846 1,957,448 1,459,707
Other income 56,901 404,9421 62,647
Fair value gain on investment property fair value through profit2 58,700 7,700 Not reported in this filing3
Marketing and distribution expenses (775,699) (694,730) (572,033)
Administrative expenses (1,133,588) (1,134,015)4 (1,198,086)
Profit from operations5 338,161 541,345 (247,765)
Finance income 51,359 78,392 25,582
Profit before taxation6 389,520 619,737 (222,183)
Income tax expense7 (175,847) (169,112) 64,460
Profit/(loss) for the year 213,673 450,626 (157,723)
Release of revaluation surplus on disposed assets89 –10 (101,998) –10
Total other comprehensive loss –11 (101,998) –11
Total comprehensive income attributable to owners of equity12 213,673 348,62813 (157,723)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (11)
  1. Audited financial statements dated 2025-06-18 prints 407,022 (thousands, p29) for this line and year.
  2. “Fair value gain on investment property fair value through profit” is an issuer-specific line, not mapped to a shared definition: Fair value gain on investment property (note 19), within profit from operations.
  3. Not reported in this filing: Not reported separately on the face of the statement (p29): included in 'Other income' (62,647); note 10 (p53) itemises 'Gain on fair valuation of investment property' 4,300 within that line. The component is not shown as a statement line. Statement checked on the page image (p29); note read on the text layer.
  4. Audited financial statements dated 2025-06-18 prints (1,128,395) (thousands, p29) for this line and year.
  5. Printed under different labels across filings: “Profit from operations”; “Profit/(loss) from operations”.
  6. Printed under different labels across filings: “Profit before taxation”; “Profit/(loss) before taxation”.
  7. Printed under different labels across filings: “Income tax (expense)/write back”; “Income tax expense”.
  8. “Release of revaluation surplus on disposed assets” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income (note 29), printed under items that will be reclassified to profit or loss.
  9. Printed under different labels across filings: “Release of revaluation suplus on disposed assets”; “Release of revaluation surplus on disposed assets”.
  10. Printed under different labels across filings: “Total comprehensive (loss)/income attributable to owners of equity”; “Total comprehensive income attributable to owners of equity”.
  11. Audited financial statements dated 2025-06-18 prints 348,627 (thousands, p29) for this line and year.

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; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
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 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filing
Property, plant and equipment 1,345,694 1,378,6371 1,459,884
Investment property 436,200 377,500 369,800
Non-current assets (unlabelled total) 1,781,894 1,756,1372 1,829,684
Inventory 1,865,533 1,658,470 2,060,806
Trade receivables3 25,443 13,227 13,677
Other receivables4 109,965 69,405 45,052
Cash and cash equivalents 949,439 1,010,696 1,162,348
Current assets (unlabelled total) 2,950,380 2,751,7985 3,281,883
Trade payables6 25,346 13,6977 918,427
Other payables and accruals8 722,838 787,5589 914,641
Unclaimed dividends10 109,403 109,403 109,403
Current tax liabilities 146,981 49,571 77,619
Current liabilities (unlabelled total) 1,004,569 960,23011 2,020,091
Net current assets12 1,945,811 1,791,56813 1,261,792
Deferred taxation (170,289) (139,251) (20,864)
Net assets14 3,557,416 3,408,454 3,070,612
Ordinary shares 215,705 215,705 215,705
Share premium 146,755 146,755 146,755
Capital reserve15 1,442 1,442 1,442
Revaluation reserve 992,898 992,898 1,094,896
Revenue reserve 2,200,616 2,051,654 1,611,814
Total equity 3,557,416 3,408,454 3,070,612
Notes and alternative reported figures (15)
  1. Audited financial statements dated 2025-06-18 prints 1,378,636 (thousands, p28) for this line and year.
  2. Audited financial statements dated 2025-06-18 prints 1,756,136 (thousands, p28) for this line and year.
  3. “Trade receivables”: mapping to a shared definition is uncertain. Printed 'Trade receivables'; other receivables are printed on their own line (note 22).
  4. “Other receivables” is an issuer-specific line, not mapped to a shared definition: Current asset (note 22), printed apart from trade receivables.
  5. Audited financial statements dated 2025-06-18 prints 2,751,797 (thousands, p28) for this line and year.
  6. “Trade payables”: mapping to a shared definition is uncertain. Printed 'Trade payables'; other payables and accruals are printed apart (note 24).
  7. Audited financial statements dated 2025-06-18 prints 13,696 (thousands, p28) for this line and year.
  8. “Other payables and accruals”: mapping to a shared definition is uncertain. Printed 'Other payables and accruals' (note 24), a current liability.
  9. Audited financial statements dated 2025-06-18 prints 787,559 (thousands, p28) for this line and year.
  10. “Unclaimed dividends” is an issuer-specific line, not mapped to a shared definition: Current liability (note 25).
  11. Audited financial statements dated 2025-06-18 prints 960,229 (thousands, p28) for this line and year.
  12. “Net current assets” is an issuer-specific line, not mapped to a shared definition: Current assets less current liabilities, printed.
  13. Audited financial statements dated 2025-06-18 prints 1,791,569 (thousands, p28) for this line and year.
  14. “Net assets” is an issuer-specific line, not mapped to a shared definition: Non-current assets plus net current assets less deferred taxation; equals total equity.
  15. “Capital reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve (note 28).

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; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
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 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filing
Cash generated from operations 35,801 (299,158) 533,584
Income tax paid (47,398) (78,773) (73,919)
Net cash used from operating activities (11,598) (377,931) 459,665
Purchase of property plant and equipment (74,137) (228,031) (64,961)
Sales proceed from sale of property, plant and equipment 37,830 488,702 19,326
Finance income1 51,359 78,392 25,582
Net cash from investing activities2 15,052 339,063 (20,053)
Movement in revaluation reserve3 –4 (101,998) –4
Dividend declared and paid (64,711) (10,785) (43,141)
Net cash used in financing activities (64,711) (112,783) (43,141)
Net decrease in cash and cash equivalents5 (61,257) (151,651) 396,471
Cash and cash equivalents at the beginning of the year 1,010,696 1,162,3476 765,877
Cash and cash equivalents at the end of the year 949,439 1,010,696 1,162,348
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (5)
  1. “Finance income” is an issuer-specific line, not mapped to a shared definition: Investing: finance income received (note 14).
  2. Printed under different labels across filings: “Net cash from investing activities”; “Net cash from/(used) in investing activities”.
  3. “Movement in revaluation reserve” is an issuer-specific line, not mapped to a shared definition: Financing (note 29), printed as a financing flow.
  4. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net decrease in cash and cash equivalents”.
  5. Audited financial statements dated 2025-06-18 prints 1,162,348 (thousands, p31) for this line and year.

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; FY to 31 Mar 2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
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 filingFY to 31 Mar 2024Audited financial statementscomparative in FY to 31 Mar 2025 filing
Earnings / (loss) per share (per share)612 0.49533 1.04454 (0.3656)5
  1. Printed as 49.53 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 104.45 kobo; value converted to NGN at 100 kobo = 1 NGN.
  3. Printed as (36.56) kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (3)
  1. “Earningsper 50k share (kobo)”: mapping to a shared definition is uncertain. Printed 'Earnings per 50k share (kobo)' without saying basic or diluted.
  2. Printed under different labels across filings: “Earnings/(loss) per 50k share (kobo)”; “Earningsper 50k share (kobo)”.
  3. Earnings / (loss) per share: printed as “Earningsper 50k share (kobo)”.

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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Mar 2026 Dividends paid (cash flow statement) Dividend declared and paid (64,711) NGN thousands Audited financial statements, p30
31 Mar 2025 Dividends paid (cash flow statement) Dividend declared and paid (10,785) NGN thousands Audited financial statements, p30
31 Mar 2024 Dividends paid (cash flow statement) Dividend declared and paid (43,141) NGN thousands Audited financial statements, p31

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.

  • University Press Plc Audited Financial Statements for year ended 31st March 2026

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

    Audit: PKF Professional Services (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Benson O. Adejayan, FCA, for PKF Professional Services

    Final status: Auditor's report signed by Benson O. Adejayan, FCA, for PKF Professional Services and dated 24 June 2026, with the ICAN stamp (PDF p26, image page, page render); statements approved by the board on 24 June 2026 and signed by the chairman, the managing director/CEO and the executive director (finance) (PDF p27, page render).

    Document date
    24 Jun 2026
    Published
    30 Jun 2026
    Auditor's report
    24 Jun 2026
    Board approval
    24 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
    company statements · NGN thousands (printed “N'000”)
    • Profit from operations is printed 338,161 (2025: 541,345); the printed lines above it add to 338,160 (rounding of printed thousands).
    • The statement of financial position prints no total assets, total liabilities or total equity-and-liabilities line: non-current assets, current assets and current liabilities are unlabelled subtotals, then net current assets, deferred taxation (the only non-current liability) and net assets (= total equity). Recorded as printed; total assets and total liabilities are not reported.
    • Earnings per share is printed in kobo (49.53; 2025: 104.45, p28); stored in naira with the printed figure and unit kept. Cash-flow adjustments and working-capital lines (p30) and the statement of changes in equity (p29) are not transcribed.
    Technical details
    File
    65 pages, with a text layer
    SHA-256
    da16bec3b214f224fb50e3f6236458688f973ba78d6e54e846768b9b5615d0a4
    Entity as printed
    University Press Plc (RC:25783)
    Exchange copy
    retrieved 2026-10-08T17:51:04Z

  • University Press Plc Audited Financial Statements for year ended 31st March 2025

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

    Audit: PKF Professional Services (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Benson O. Adejayan, FCA, for PKF Professional Services

    Final status: Auditor's report signed by hand by Benson O. Adejayan, FCA, for PKF Professional Services, 'Dated: 18 June 2025', with the ICAN stamp (PDF p27, image page, page render); opinion on p23 (image page). Statements approved by the board on 18 June 2025 and signed by the chairman (Mr. Obafunso Ogunkeye), the managing director/CEO (Mr. S. Kolawole) and the executive director (finance) (Dr. G. A. Adebayo) (PDF p28, page render).

    Document date
    18 Jun 2025
    Auditor's report
    18 Jun 2025
    Board approval
    18 Jun 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2024
    Basis
    company statements · NGN thousands (printed “N'000”)
    • The auditor's report pages (PDF pp21-27, including PKF's attestation report on internal control over financial reporting) are images without a text layer; read on the renders. The auditor's report includes key audit matters (revenue recognition, valuation of investment properties, valuation of inventory, ECL on trade receivables); no emphasis of matter or material uncertainty paragraph.
    • The statement of financial position prints no total assets, total liabilities or total equity-and-liabilities line: non-current assets, current assets and current liabilities are unlabelled subtotals, then net current assets, deferred taxation (the only non-current liability) and net assets (= total equity). Recorded as printed; total assets and total liabilities are not reported.
    • Earnings per share is printed in kobo (104.45; 2024: (36.56), p29); stored in naira with the printed figure and unit kept. Cash-flow adjustments and working-capital lines (p31) and the statement of changes in equity (p30) are not transcribed.
    • The queue's period end (2025-03-31) matches the document; the NGX file name ('Quarter 5 ... June 2025') refers to the filing month.
    Technical details
    File
    67 pages, with a text layer
    SHA-256
    5f6dd69d82e1c01b502c51f1394fb79d099d8b12401cc3e28cb6f35e61bd25f9
    Entity as printed
    University Press Plc (RC:25783)
    Exchange copy
    retrieved 2026-10-08T17:51:51Z

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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