EUNISELL INTERLINKED PLC |
UNAUDITED ACCOUNTS FOR THE PERIOD ENDED |
30TH JUNE, 2025 |
EUNISELL INTERLINKED PLC | |||||
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR YEAR ENDED 30TH JUNE 2025 | |||||
(Figures in ₦'000) | |||||
Unaudited | Audited | ||||
Jun-25 | Jun-24 | % Change | |||
₦'000 | ₦'000 | ||||
REVENUE | 1,410,429 | 722,534 | 95% | ||
COST OF SALES | (888,901) | (449,215) | 98% | ||
GROSS PROFIT | 521,528 | 273,319 | 91% | ||
OPERATING EXPENSES | (216,713) | (120,716) | 80% | ||
OTHER INCOME | 36 | 25 | 44% | ||
PROFIT/(LOSS)FROM OPERATIONS | 304,851 | 152,628 | 100% | ||
FINANCE COST | (42,998) | (21,071) | 104% | ||
PROFIT BEFORE TAX | 261,853 | 131,557 | 99% | ||
TAXATION | - | (31,486) | -100% | ||
PROFIT/(LOSS) FOR THE PERIOD | 261,853 | 100,071 | 162% | ||
OTHER COMPREHENSIVE INCOME | |||||
GAINS/LOSS ON PROPERTY REVALUATION | |||||
EXCHANGE DIFF. FROM TRANSLATION OF FOREIGN ENTITY'S F/S | |||||
GAINS/LOSS FROM VALUATION OF EQUITY INVESTMENT INSTRUMENT | |||||
MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | |||||
Total Comprehensive Income for the Year | 261,853 | 100,071 | |||
EUNISELL INTERLINKED PLC | |||||||
UNAUDITED STATEMENT OF FINANCIAL POSITION | |||||||
AS AT 30TH JUNE, 2025 | |||||||
(Figures in N'000) | |||||||
NOTES | Unaudited | Audited | |||||
30 JUNE 2025 | 30 JUNE 2024 | ||||||
Assets: | ₦'000 | ₦'000 | |||||
Non-Current Assets: | |||||||
Property, Plant and equipment | 1 | 12,656 | 10,660 | ||||
Current Assets: | |||||||
Inventories | 338,857 | 310,467 | |||||
Trade Receivables/Prepayment | 2 | 504,523 | 566,772 | ||||
Cash and Cash Equivalents | 86,821 | 1,870 | |||||
930,201 | 879,110 | ||||||
Total Assets | 942,857 | 889,770 | |||||
Equity and Liabilities | |||||||
Equity | |||||||
Share capital | 118,350 | 118,350 | |||||
Retained earnings | 206,935 | (54,918) | |||||
Other Components of Equity | 3 | 232,440 | 232,440 | ||||
Total Equity | 557,725 | 295,872 | |||||
Non-Current Liabilities | |||||||
Deferred Tax | 1,469 | 1,469 | |||||
Current Liabilities | |||||||
Trade and other Payables | 4 | 98,840 | 229,458 | ||||
Current income tax liabilities | 0 | 32,054 | |||||
Short-term Borrowings | 84,823 | 130,917 | |||||
Deposit for shares | 200,000 | 200,000 | |||||
383,663 | 592,429 | ||||||
Total Equity and Liabilities | 942,857 | 889,770 | |||||
Chika Ikenga | Chris Okoro | Victoria Adeku | |||||
Chairman | MD/CEO | Chief Financial Officer | |||||
FRC/2023/PRO/DIR/003/815560 | FRC/2019/002/0000074 | FRC/2023/001/485227 | |||||
Approved by the Board | |||||||
25th July, 2025 | |||||||
STATEMENT OF CASH FLOWS | |||
30TH JUNE, 2025 | |||
Unaudited | Audited | ||
30 JUNE 2025 | 30 JUNE 2024 | ||
Notes | ₦'000 | ₦'000 | |
Cash from operating activities | |||
Profit before income tax | 261,853 | 131,557 | |
Adjustments: | |||
Interest income | - | ||
Interest expense | (42,998) | 21,071 | |
Profit from asset disposal | - | - | |
Depreciation | 2,799 | 3,447 | |
Changes in working capital: | |||
- | inventories | (28,390) | 56,569 |
- | trade and other receivables | 62,249 | (312,940) |
- | trade and other payables | (130,618) | 100,890 |
Cash generated from operations | 124,895 | 593 | |
Interest income received | - | - | |
Interest expense paid | 42,998 | (21,071) | |
Income tax paid | (32,053) | (2,031) | |
VAT paid | - | ||
Net cash from/ (used in) operating activities | 135,840 | (22,509) | |
Cash from investing activities | |||
Purchase of property, plant and equipment | (4,795) | (500) | |
- | - | ||
Proceeds from disposal of property, plant and | - | - | |
Net cash from/ (used in) investing activities | (4,795) | (500) | |
Cash from financing activities | |||
Deposits for shares | - | ||
Net proceeds / (repayment) on long term | - | - | |
Net proceeds / (repayment) on short term | (46,094) | 23,501 | |
Restricted cash | - | ||
Net cash from/ (used in) financing activities | (46,094) | 23,501 | |
Net change in cash and cash equivalents | 84,951 | 492 | |
Cash and cash equivalents at beginning of the year | 1,870 | 1,378 | |
Cash and cash equivalents at end of the year | 86,821 | 1,870 | |
Represented By: | |||
Cash and cash equivalents | 86,821 | 1,870 | |
STATEMENT OF CHANGE IN EQUITY | -1 | ||||
30th June, 2025 | |||||
Share | Share | Other | Retained | Total | |
Capital | Premium | Reserves | Earnings | Equity | |
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |
Balance as at 30th June, 2024 | 118,350 | 229,351 | 3,089 | (54,918) | 295,872 |
Profit for the period | - | - | - | 261,853 | 261,853 |
Balance as at 30th June, 2025 | 118,350 | 229,351 | 3,089 | 206,935 | 557,725 |
EUNISELL INTERLINKED PLC | ||||||||
NOTES TO THE ACCOUNTS | ||||||||
1 | PROPERTY, PLANT & EQUIPMENT | |||||||
Leasehold | Motor | Plant & | Furniture & | Computer | Borehole | Total | ||
Improvement | Vehicle | Machinery | Equipment | Equipment | ||||
Cost/Valuation: | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |
Cost: | ||||||||
At July 1, 2024 | 7,065 | 5,477 | 15,247 | 15,795 | 10,330 | 415 | 54,329 | |
Additions | 1,780 | 3,015 | 4,795 | |||||
At June 30, 2025 | 7,065 | 5,477 | 15,247 | 17,575 | 13,345 | 415 | 59,124 | |
Depreciation: | ||||||||
At July 1, 2024 | 7,065 | 3,552 | 10,513 | 14,865 | 7,309 | 365 | 43,669 | |
Charge for the period | 825 | 751 | 654 | 547 | 22 | 2,799 | ||
At June 30, 2025 | 7,065 | 4,377 | 11,264 | 15,519 | 7,856 | 387 | 46,468 | |
Net Book Value: | ||||||||
At June 30, 2025 | - | 1,100 | 3,983 | 2,056 | 5,489 | 28 | 12,656 | |
At June 30, 2024 | 1,925 | 4,734 | 930 | 3,022 | 50 | 10,660 | ||
Unaudited | Audited | |||||||
Jun-25 | Jun-24 | |||||||
₦'000 | ₦'000 | |||||||
2. Trade Receivables and Prepayments | ||||||||
Trade Receivables | 334,269 | 334,830 | ||||||
Other Receivables | 112,106 | 131,737 | ||||||
Prepayments | 58,148 | 120,408 | ||||||
504,523 | 566,772 | |||||||
3. Other Components Of Equity | ||||||||
Share Premium | 229,351 | 229,351 | ||||||
Revaluation Reserve | 3,089 | 3,089 | ||||||
232,440 | 232,440 | |||||||
4. Trade Creditors and Accruals | ||||||||
Trade Payables | 39,045 | 147,288 | ||||||
Sundry Payables | 22,152 | 25,034 | ||||||
Other Payables & Accruals | 37,643 | 57,136 | ||||||
98,840 | 229,458 | |||||||
Unaudited | Audited | |||||||
Jun-25 | Jun-24 | |||||||
₦'000 | ₦'000 | |||||||
5. Revenue | ||||||||
Power products | 27,606 | 482,052 | ||||||
Oil & Gas | 1,164,438 | 176,222 | ||||||
Household/Infrastructure | 26,589 | 38,075 | ||||||
Construction | 11,318 | 26,184 | ||||||
Manufacturing/Industrial | 180,479 | |||||||
1,410,430 | 722,534 | |||||||
5. Administrative Expenses | ||||||||
Employees Benefits | 72,123 | 29,632 | ||||||
Professional fees | 15,327 | 18,861 | ||||||
Audit fees | 1,500 | 1,398 | ||||||
Repairs & Maintenance | 9,714 | 6422 | ||||||
Other expenses | 118,049 | 64,403 | ||||||
216,713 | 120,716 | |||||||
SECURITIES TRADING POLICY |
In compliance with Rule 17.15 Disclosure of Dealings in Issuers' Shares, Rulebook of the Exchange 2015 (Issuers |
Rule)Eunisell Interlinked Plc maintains a Security Trading Policy which guides Directors, Audit Committee |
members, employees and all individuals categorized as insiders as to their dealing in the Company's shares. The |
Policy undergoes periodic reviews by the Board and is updated accordingly. The Company has made specific |
inquiries of all its directors and other insiders and is not aware of any infringement of the policy during the |
period under review. |
EUNISELL INTERLINKED PLC | ||||
Hypothetical Case on Free Float Computation | ||||
Shareholding Structure/Free Float Status | ||||
Description | 30-Jun-25 | 30-Jun-24 | ||
Unit | Percentag | Unit | Percentage | |
Issued Share Capital | 236,700 | 100% | 236,700 | 100% |
Substantial Shareholdings (5% and above) | ||||
Boussole Intergrated Limited | 150,223 | 63.47% | 150,223 | 63.47% |
Total Substantial Shareholdings | 150,223 | 63.47% | 150,223 | 63.47% |
Directors' Shareholdings (direct and indirect), excluding directors with substantial interests | ||||
Mr. Chika Ikenga | 3,480 | 1.47% | 3,480 | 1.47% |
Kayode Awobodu | 1,249 | 0.53% | 1,249 | 0.53% |
Mr. Christopher Okoro | 0 | 0.00% | 0 | 0.00% |
Mr. Surajudeen Baarabe Yakubu | 0 | 0.00% | 0 | 0.00% |
Mr. Ajibola Edwards | 0 | 0.00% | 0 | 0.00% |
Total Directors' Shareholdings | 4,729 | 2.00% | 4,729 | 2.00% |
Other Influential Shareholdings | ||||
Total Other Influential Shareholdings | 0 | 0.00% | 0 | 0.00% |
Free Float in Units and Percentage | 81,748 | 34.54% | 81,748 | 34.54% |
Free Float in Value | ₦ 613,110.00 | ₦ 891,053.20 | ||
Declaration: | ||||
(A) Eunisell Interlinked Plc with a free float percentage of 34.54% as at 30 June 2025, is compliant with The Exchange's free float requirements for | ||||
(B) Eunisell Interlinked Plc with a free float value of N891,053.20 as at 30 June 2024, is compliant with The Exchange's free float requirements for | ||||