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 {financial} 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 more in-depth have a look at the outcomes reveals that strong income progress and a powerful rise in finance revenue had been key drivers of the efficiency.
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.
In keeping with the income progress, price of gross sales rose by 34.8% to N60.16 billion, pushed largely by uncooked materials prices, which accounted for N17 billion of the full.
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.
In consequence, 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.
The corporate’s stability sheet confirmed a modest enlargement, with complete property rising to N112.4 billion as of September 30, 2025, in comparison with N111.3 billion in 2024.
Complete liabilities decreased to N50.4 billion from N74.9 billion within the prior 12 months, pushed primarily by greater commerce payables, borrowings, and different {financial} obligations.
In the meantime, complete fairness strengthened to N61.9 billion, up from N36.4 billion in 2024, supported primarily by a powerful retained earnings of N60.1 billion.
