Ikeja Inns Plc delivered a robust earnings efficiency within the 2025 monetary 12 months, posting a revenue earlier than tax of N12.56 billion, a 47.3% enhance from N8.54 billion recorded in 2024.
This marks a sustained enchancment in profitability, supported by stronger resort income, rising finance earnings, and the elimination of finance prices.
The efficiency was disclosed within the firm’s unaudited monetary statements filed with the Nigerian Change (NGX) on January 27, 2026.
The earnings momentum additionally mirrored improved room occupancy, greater pricing, and stronger event-related actions throughout the group’s resort portfolio.
Key highlights (FY 2025 vs FY 2024):
- Income: N25.84 billion, up 37.8% YoY
- Value of gross sales: N13.11 billion, up 17.3% YoY
- Gross revenue: N12.74 billion, up 68.0% YoY
- Working revenue: N9.94 billion, up 18.6% YoY
- Finance earnings: N2.62 billion, up 75.8% YoY
- Finance price: Nil (2024: N1.33 billion)
- Revenue earlier than tax: N12.56 billion, up 47.3% YoY
- Revenue after tax: N8.30 billion, up 13.9% YoY
- Earnings per share: 384 kobo, up 14% YoY
- Whole belongings: N94.88 billion (2024: N83.67 billion)
- Taxation: N4.25 billion (+241.4% YoY)
- Whole belongings: N94.88 billion (2024: N83.67 billion)
What the numbers are saying:
Group income rose sharply to N25.84 billion in 2025 up from N18.75 billion a 12 months earlier, pushed largely by improved resort operations.
- The development in pre-tax revenue displays each greater core earnings from resort operations, which rose from N12.832 billion in 2024 to N18.233 billion.
- Though the price of gross sales elevated to N13.11 billion, income progress outpaced prices, pushing gross revenue up by 68% to N12.74 billion.
- Administrative bills climbed to N2.57 billion, whereas gross sales and advertising and marketing bills rose to N952.5 million, reflecting greater working exercise.
- Even so, working revenue improved to N9.94 billion, highlighting higher working leverage and margin enlargement.
- A significant earnings enhance got here from finance earnings, which rose sharply to N2.62 billion.
- Finance prices dropped to zero, in contrast with N1.33 billion in 2024. This considerably amplified pre-tax profitability.
- After tax, revenue attributable to fairness holders stood at N8.19 billion, with non-controlling pursuits accounting for N116.9 million.
Steadiness sheet efficiency
- On the steadiness sheet, whole belongings expanded to N94.88 billion as of December 31, 2025, reflecting progress in each present and non-current belongings.
- Money and money equivalents rose sharply to N33.15 billion from N22.74 billion, strengthening liquidity.
- Whole fairness attributable to shareholders elevated to N38.52 billion, supported by greater retained earnings of N22.19 billion.
- Whole liabilities rose reasonably to N56.28 billion, suggesting manageable steadiness sheet leverage alongside improved earnings capability.
What to know
Ikeja Inns’ 2025 outcomes present stronger earnings high quality, pushed primarily by core resort operations moderately than one-off good points.
- The elimination of finance prices materially improved profitability and indicators a stronger steadiness sheet place.
- Rising working bills had been absorbed by sooner income progress, supporting margin enlargement.
- Greater money balances and fairness improved monetary flexibility, although price self-discipline stays key.
On the NGX, Ikeja Inns shares have declined about 15% year-to-date in 2026, after a robust rally in 2025 pushed by earnings restoration.
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