Nascon Allied Industries Plc recorded a pre-tax revenue of N36.6 billion for the 9 months ended September 2025, in response to its lately launched unaudited monetary statements.
This marks a 168.8% year-on-year enhance from N13.6 billion recorded in the identical interval of 2024.
For the third quarter alone, pre-tax revenue rose by 108.9% to N13.4 billion, reflecting sustained enterprise momentum.
A better have a look at the outcomes exhibits that sturdy income development and a robust rise in finance revenue have been key drivers of the efficiency.
Key highlights (9M 2025 vs 9M 2024):
Income: N117.3 billion, +46.88% YoY
Value of gross sales: N60.1 billion, +34.76% YoY
Gross revenue: N57.1 billion, +62.24% YoY
Different revenue: N202.2 million, +53.00% YoY
Working revenue: N33.2 billion, +143.66% YoY
Finance revenue: N3.9 billion, +325.3% YoY
Revenue earlier than tax: N36.7 billion, +168.81% YoY
Driving the Numbers
Nason reported income of N117.3 billion for the 9 months ended September 30, 2025, representing a 46.9% enhance from N79.8 billion recorded within the corresponding interval of 2024.
- The sturdy topline development was pushed by larger gross sales volumes of salt and seasoning merchandise, notably within the northern area, which generated N29.6 billion, up 40.6% year-on-year.
- Western and japanese areas additionally contributed considerably, recording revenues of N7.2 billion and N2.2 billion, respectively.
Consistent with the income development, value of gross sales rose by 34.8% to N60.16 billion, pushed largely by uncooked materials prices, which accounted for N17 billion of the overall.
- Regardless of the rise in prices, gross revenue surged to N57.18 billion, up 62.2% from N35.24 billion within the prior 12 months.
Different revenue grew by 53% to N202.2 million, whereas working revenue climbed sharply to N33.24 billion, in comparison with N13.64 billion in 9M 2024.
Finance revenue elevated to N3.97 billion from N935.89 million, whereas finance prices dropped 41.98% to N541.79 million, contributing to a stronger backside line.
Because of this, revenue earlier than tax rose by 168.8% to N36.68 billion, up from N13.64 billion in the identical interval of 2024.
After accounting for a tax expense of N12.35 billion, revenue after tax stood at N24.33 billion, a 171.6% year-on-year enhance from N8.96 billion.
Stability sheet snapshot
The corporate’s steadiness sheet confirmed a modest enlargement, with whole property rising to N112.4 billion as of September 30, 2025, in comparison with N111.3 billion in 2024.
- Money and money equivalents, valued at N42.4 billion, represented the biggest portion of whole property, adopted by commerce and different receivables of N39.2 billion and inventories of N14.3 billion, whereas different property made up the rest.
Whole liabilities decreased to N50.4 billion from N74.9 billion within the prior 12 months, pushed primarily by larger commerce payables, borrowings, and different monetary obligations.
In the meantime, whole fairness strengthened to N61.9 billion, up from N36.4 billion in 2024, supported primarily by a robust retained earnings of N60.1 billion.