NCR Returns to Profitability as Overhead Drops Sharply
NCR Nigeria Plc returned to profitability in 2025, according to unaudited financial results posted in the Nigerian stock market on Tuesday, recording N1.82 kobo as earnings per share.
The ICT stock topped Nigerian Exchange (NGX) performers with multifold price appreciation in 2025 despite a tight earnings scorecard.
Details from its unaudited results showed that profit after tax came at N196 million at the of 2025 after N2.172 billion net loss was posted in 2024. The company’s performance improved as a result of a significant decline in overhead costs.
Details from results released showed that revenue from contracts with customers surged by 43% year on year to N3.081 billion at the end of 2025, from N2.,149 billion in the comparable period in 2024.
Also, costs of sales edged higher sharply during the period, thus put pressures on the company’s gross margin. Its direct costs climbed by 84.72% year on year to N2.806 billion, according to the results made available in the Nigerian stock market. NCR’s cost of sales was reported at N1.519 billion in 2024.
Gross profit printed at N275.551 million in 2025, down from N630.762 million in the comparable period in 2024, representing 56.3% year on year decline, reducing the company’s gross profit margin to 8% from 29%.
Other income fell sharply year on year to N6.182 million from N60.629 million in the equivalent period. However, the company reduced distribution costs by 60% to N28.108 million from N69.675 million.
Its administrative expenses also went down by more than 97% to N57.576 million from N2.782 billion 12 months earlier. # NCR Nigeria Returns to Profitability as Overhead Drops Sharply. #NCR Returns to Profitability as Overhead Drops Sharply#
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