Industrial Medicla Gases Nigeria Plc QTR 3 FY 2025 Un audited Financial Statements
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
CONTENT PAGE
Statement of Profit or Loss and Other Comprehensive Income Statement of Financial Position
Statement of Cash Flows Statement of Equity Note to the Account
RC 2035
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REPORT TO THE NIGERIAN STOCK EXCHANGEUnaudited 3uI - Sep 2025 = N='0OO 2,290,921 (1,139,122) | Unaudited 3an- Sep 2025 = N='O0O 6,618,535 (3,205,564) | Unaudited 3uI - Sep 2024 2,536,503 (1,399,035) | unaudited 3an- Sep 2024 6,182,120 (3,263,463) | Audited 3an- Dec 2024 = N='000 8,376, 181 (4,484,456) |
20, 218 | 103,527 | 10,594 | 54,203 | 32,392 |
(11,023) | (39,270) | (7,212) | (28,238) | (38,245) |
(29,419) | (92,959) | 2,807 | 1,205,099 | 1,211,714 |
(160,394) | (720,71 2) | (246,921) | (778,693) | (1,146,481) |
(163,343) | ||||
(483,915) | (1,365,700) | (446,805) | (1,153,334) | (1,337,853) |
487,266 | 1,297,857 | 449,931 | 2,217,694 | 2,449,909 |
168,958 | 755,507 | 301,989 | 454,323 | 16,847 |
(158181) | (828,616) | (281,010) | (428,727) | (23,794) |
498,042 | 1,224,747 | 470,910 | 2,243,290 | 2,442,962 |
(172,786) | (423,011) | (449,556) | (675,254) | (820,222) |
325,256 | 801,736 | 21,354 | 1,568,036 | 1,622,740 |
Industrial & Pledical Gases Nigeria plc Condensed statement of comprehensive income
Industrial Medicla Gases Nigeria Plc QTR 3 FY 2025 Un audited Financial Statements
Revenue | Notes 14 | ||||||||
Cost of sales | |||||||||
Gross profit | |||||||||
Other Income | 15 | ||||||||
Other expenses | |||||||||
Gain/(Losses) on foreign exchange transactions | |||||||||
Selling and Distribution Expenses | 16 | ||||||||
Credit loss expense on trade and other receivables | |||||||||
Administrative expenses | |||||||||
Operating profit | |||||||||
Finance income | 17 | ||||||||
Finance cost | |||||||||
Profit before income tax | |||||||||
Income tax (provision) | |||||||||
Net Profit for the 9 months | |||||||||
Basic and diluted earnings per share (kobo) | 59 | 146 | 314 | 325 | |||||
No of ordinary shares | 549,442,000 | 549,442,000 | 499,494,000 | 499,494,000 | 499,494,000 |
The Board believes that barring any unforeseen negative circumstances, the performance shall be sustained.
Industrial & Medical Gases Nigeria plc Condensed statement of financial position
Industrial Medicla Gases Nigeria Plc QTR 3 FY 2025 Un audited Financial Statements
ASSETS | Un audited Jan-Sep 2025 = N='O0O | Audited 3an-Dec 2024 =N='000 | ||
Non current assets Property, plant and equipment | 9 | 7,870,852 | 6,790,015 | |
Other tax assets | 11,696 | 14,986 | ||
7,882,548 | 6,805,001 | |||
Current assets Inventories | 10 | 976,106 | 908,320 | |
Trade debtors and other receivables | 1,117,458 | 1,226,683 | ||
Prepayments | 977,252 | 570,473 | ||
Other tax assets | 290,535 | 211,226 | ||
Cash and cash equivalents | 3,475,918 | 5,156,688 | ||
6,837,268 | 8,073,390 | |||
Total assets | 14,719,816 | 14,8T8,391 | ||
Equity & liabilities | ||||
EquitY | ||||
Share Capital | 274,722 | 249,746 | ||
General reserve | 6,041,974 | 5,664,806 | ||
Total Equity | 6,316,695 | 5,914,552 | ||
Non current liabilities Employee benefit liability | 11 | 32,637 | 32,637 | |
Deferred tax liabilities | 330,884 | 330,885 | ||
363,521 | 363,522 | |||
Current liabilities Current tax liabilities | 450,771 | 1,078,326 | ||
Trade & Other payables | 2,050,739 | 2,066,274 | ||
Loans and borrowings | 5,350,110 | 5,329,104 | ||
Contract liability | 187,980 | 126,614 | ||
8,039,600 | 8,600,318 | |||
Total liabilities | 8,403,120 | 8,963,840 | ||
Total equity and liabilities | 14,719,816 | 14,878,392 | ||
Managing Director/CEO FRC/2017/PRO/DIR/003/00000015942
Mr. Abayomi O
Mr. Ayodeji osen
This financial statements were approved by the Board of Directors on 24 October 2025 and signed by
on its behalf by:
Chief Financial Officer FRC/2025/PRO/ICAN/559401
Industrial Medicla Gases Nigeria Plc QTR 3 FY 2025 Un audited Financial Statements | ||||
Industrial & Medical Gases Nigeria plc Condensed statement of cash flows | ||||
Cash flows from operating activities | Jan-Sep 2025 =N='O00 | Jan-Dec 2024 =N='OOO | ||
Profit Before Income Tax | 1,224,747 | 2,442,962 | ||
Adjustments for non-cash items: Depreciation | 232,460 | 344,414 | ||
(Gain)/Loss on sale of property, plant and equipment | (22,132) | |||
Finance Income | (755,507) | (16,847) | ||
Finance cost Provision Gain on Sale of Scrap | 828,616 (35,240) | 17,632 | ||
Withholding tax credit | (106,267) | |||
Working capital changes: Inventories | (67,786) | (235,774) | ||
Trade and other receivables | 109,225 | (120,122) | ||
Related party receivables Other tax assets | (76,019) | (86,088) | ||
Prepayments | (406,779) | (223,093) | ||
Trade and other payables | (31,252) | (101,467) | ||
Contract liability | 61,366 | 47,897 | ||
Other Current Liabilities | (60,015) | |||
Income tax paid | (944,300) | (93,824) | ||
Net cash from operating activities | ||||
Cash flows from investing activities Purchase of fixed assets | (1,313,297) | (3,430,704) | |
Proceeds from sales of fixed assets Proceed from Sales of Scrap | 35,240 | 22,132 | |
Interest received | 755,507 | 16,847 | |
Net cash from investing activities | (522,550) | (3,391,725) | |
Cash flows from financing activities Repayment of Commercial Paper Interest paid on Commercial Papers Intercompany loan received | 5,500,000 | ||
Repayment of intercompany loan | (350,000) | ||
Interest paid on Intercompany loan | (828,616) | (706,559) | |
Dividend paid | (362,868) | (196,441) | |
Net cash from financing activities | (1,191,484) | 4,247,000 | |
Net increase in cash and cash equivalent | (1,680,770) | 2,748,817 | |
Cash and cash equivalent at 1 January | 5,156,688 | 2,288,304 | |
Effect of Foreign exchange on cash and cash equivalent | 119,567 | ||
Cash and cash equivalent at 30th September | 5,156,688 |
Industrial Medicla Gases Nigeria Plc QTR 3 FY 2025 Un audited Financial Statements
Industrial & Medical Gases Nigeria plc Condensed statement of changes in equity | ||||
For the Period ended Sep 30, 2025 | ||||
Share capital | Retained earnings | Total equity | ||
=N='000 | =N='OOO | =N='000 | =N='000 | |
Balance at 1 January 2025 | 249,746 | 357,651 | 5,307, 155 | 5,914,552 |
Comprehensive income for the period | ||||
Profit for the period | 801,736 | 801,736 | ||
Other Comprehensive Income Total comprehensive income for the period | ||||
Transactions with sPiareyolders: | ||||
Unclaimed dividend now statute barred | ||||
Bonus Issue Declared | 24,974 | (24,974) | ||
Dividends paid/declared | (399,595) | (399,595) | ||
Balance at 30 September 2025 | 274,720 | 357,651 | 5,684,322 | 6,316,693 |
For the Period ended December 31, 2024 | ||||
Balance at I January 2024 | 249,746 | 3,934, 161 | 4,183,907 | |
Profit for the period | 1,622,740 | 1,622,740 | ||
Other Comprehensive Income- Actuarial gain Transactions with shareholders: | 357,651 | 357,651 | ||
Capital Contribution | ||||
Unclaimed dividend now statute barred | ||||
Dividends paid/declared | (249,747) | (249,747) | ||
Balance at 31st December,2O24 | 249,746 | 357,651 | 5,307, 155 | 5,914,552 |
Industrial Medicla Gases Nigeria Plc QTR 3 FY 2025 Un audited Financial Statements
Land
3an-sep 2o2r can-oec a0a<
2,542
WIP
25,810
29,590
6,790,O IS
yO. znventories
976105
888,20B
908,320
1,067,007
9,757
544,506
18,599 | 68,287 | 8,835 | 22, 132 | ||
,6t9 | 35,240 | ,7s9 | 9,888 | :t0,260 | |
20,2t B | t0,594 | 54, 203 | 32,392 |