Non-current Assets Property,Plant & Equipmont Assets under finance lease
NOTS
JAPAULGROUP
fiINANClAL POSITION ASATJUNE 20I5 M
N'000 N'000
4.210,238 4,232,252
3,875,000 4,000,000
Intangible assets Investment Property
Total non•currsnt assats
Currant Assets lnv°nt0fy
Trade and other receivables Cash and bank balances Total current assats
Liabilities Current llabllltle° Bank overdrafi
Trade and other payables Defined contribution pension plan Borrowings
Lease liabtlit,'
Current income iax liability Total current IIabi!ities
e 9,3@,000 7,060,000
1,345,106 782,@8
18,790,3d4 18,974,858
132.062 25,721
15,970,067 16,d41,683
6,303,424 6,431,099
1g6,344 170,281
3,501,131 2,2.^2,452
1,000,000 1,000,000
355,216 432,553
" 11,346,115 10,326,385
Net current (lisbtlities)iass.°ts
Non current liabilities Defined benefit plan Borrowings
4,623,952
72,821
6,115,298
72,621
Lease facility Deferred tax liability
Totel non-current liabilities
Equity Share capital
Share premium Loss sustained
Remeasursment reserve AFS fair value reserve Foreign exchange reserve
Equity attributable to owners of the parents Non-controlling interest
3,567,750 3,587.750
e6g.376 96a,376
‹,srs,7‹7 4,ei6,747
1g,§§z,549 18,483,J09"
7,131,351 7,131,350
29,947,978 30,044,111
(18,271,585) (18,691,858)
(195) (195)
18,807,549 18,483,409
Total equity 18,807,549 18 ,409
Tha consokdated financial statamenls were appmved by the Boad of ana authonse0 Jar issue on z8 July 2ozs and slgned Ort ID Oehalf bjr
Akinbye Dank4 Oladepo Groug Managing Director FRC/2016/CIS/000X014722
Chief Flnemial Officer FRC/2022/PROfC4M001/8B0630
JAPAUL GROUP |
STATEMENT OF COMPREHENSIVE INCOME |
FOR THE PERIOD ENDED JUNE 2025 |
NOTE | |
Turnover | 2 |
Cost of sales |
Apr. - Jun. |
2025 |
N'000 |
817,122 |
(144,846) |
Jan. - Jun. |
2025 |
N'000 |
1,706,219 |
(578,002) |
Apr. - Jun. |
2024 |
N'000 |
828,214 |
(269,786) |
Jan. - Jun. |
2024 |
N'000 |
1,212,246 |
(375,435) |
Gross profit 672,276 1,128,217 558,427 836,811
Other income | 3 |
Administrative cost |
31,009 |
(361,096) |
45,114 |
(749,945) |
15,200 |
(222,044) |
28,949 |
(460,431) |
Operating (loss)/profit 342,188 423,385 351,583 405,329
Net finance costs (579) (3,113) (574) (1,989)
Profit/Loss for the year from continued operations |
Discontinued operation |
Other comprehensive income/(loss) |
Profit/Loss before taxation 341,610 420,273 351,010 403,341 Income tax expense - - - -
341,610 420,273 351,010 403,341Items that will not be reclassified subsequently to profit or loss | ||||
Exchange difference | - | - | - | - |
Items that may be reclassified | ||||
subsequently to profit or loss | ||||
Actuarial (loss)/gain on defined benefit pension plan | - | - | - | - |
Fair value loss on available for sale assets | - | - | - | - |
Total comprehensive profit/(loss) | 341,610 | 420,273 | 351,010 | 403,341 |
Issued share | Share | Loss | Remeasurement | AFS fair value | Foreign exchange | Non- controlling | Total equity |
capital | premium | sustained | reserve | reserve | reserve | interest | |
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 |
7,131,351 | 30,044,111 | (18,691,858) | (195) | - | - | - | 18,483,409 |
(96,133) | 420,273 |
At 1 January 2025
Loss/Profit for the period
- - - 324,140
-
7,131,351 | 29,947,978 | (18,271,585) | (195) - - - 18,807,549 |
Issued share | Share | Loss | Remeasurement | AFS fair value | Foreign exchange | Non-controlling | Total equity |
capital | premium | sustained | reserve | reserve | reserve | interest | |
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 |
3,131,351 | 16,440,679 | (20,372,312) | (195) | - | - | - | (800,477) |
STATEMENT OF CHANGES IN EQUITY AS AT 30TH JUNE 2024
At 1 January 2024
(Loss)/Profit for the
- | - | - | 403,341 |
period 403,341
3,131,351 | 16,440,679 | (19,968,971) | (195) | - | - | - | (397,136) |
CONSOLIDATED STATEMENT OF CASH FLOWS |
FOR THE YEAR PERIOD 30 JUNE 2025 |
Jun-25 |
N'000 |
Jun-24 |
N'000 |
OPERATING ACTIVITIES |
Cash flows from operating activities |
Cash receipts from customers |
Payment to suppliers and employees |
1,243,130 789,705
(1,120,394) (863,353)
Cash generated from operations |
Payment for employee benefit obligations |
Current income tax paid |
Net cash from operating activities |
122,735 |
(7,000) |
- |
115,735 |
(73,648) |
- |
(10,000) |
(83,648) |
Cash flows from investing activities |
Purchase of property, plant and equipment |
Proceed on disposal of property, plant & equipment |
Proceed on disposal of subsidiary |
Interest received |
Net cash from/(used) in investing activities |
- |
- |
- |
53 |
53 |
(14,744) |
283,000 |
- |
3 |
268,259 |
Cash flows from financing activities |
Restructioning cost capitalised |
Repayment of term loans |
Procceds of finance lease facility obtained |
Repayment of finance lease facility |
Interest paid |
Net cash from/(used in) financing activities |
- |
(44,000) |
- |
- |
(3,113) |
(47,113) |
- |
- |
- |
- |
(1,989) |
(1,989) |
Net increase/(decrease) in cash and cash equivalents |
Cash and cash equivalents at 1 January |
Effect of foreign exchange on foreign operation |
Cash and cash equivalents at 30 June |
68,675 182,622 |
63,387 136,149 |
- - |
132,062 318,771 |
JAPAUL GROUP |
NOTES TO THE ACCOUNTS |
1 | The Company |
Japaul Oil & Maritime Services Plc was incorporated on 29 June 1994 as a private | |
limited liability company and commenced business in January 1997. The company | |
is in the bisiness of oil and maritime services. It is listed on the Nigerian Stock Exchange (NSE) |
30-Jun | 30-Jun |
2025 | 2024 |
N'000 | N'000 |
2 | Turnover |
The analysis of turnover by Business unit as follows: | |
Japaul Dredging | |
Japaul Offshore | |
Japaul Quarry |
178,800 | 466,765 |
1,475,500 | 675,000 |
51,919 | 70,481 |
1,706,219 | 1,212,246 |
45,114 | 28,949 |
4 | FIXED ASSETS SCHEDULE |
30-Jun | 30-Jun | 30-Jun |
COST | DEP. | NBV |
N'000 | N'000 | N'000 |
Land |
Building |
Leasehold Improvement |
Plant & Mach. |
Auto Trucks & Equipments |
Marine Equipment |
Motor Vehicle |
Office Equipment & Furniture & Fittings |
Work-in-progress |
TOTAL |
1,731,373 | - | 1,731,373 |
20,000 | 6,600 | 13,400 |
102,868 | 103,763 | (896) |
1,237,348 | 1,223,330 | 14,019 |
289,627 | 289,627 | 0 |
5,214,721 | 3,820,404 | 1,394,316 |
83,137 | 72,441 | 10,696 |
71,063 | 67,769 | 3,294 |
1,044,037 | - | 1,044,037 |
9,794,173 | 5,583,935 | 4,210,238 |
5 | Finance lease assets |
Marine Equipment |
30-Jun |
2025 |
3 | Other Income |
Rent received from property | |
Provision and accruals no longer required | |
Profit on disposal of property, plant and equipment | |
Sundry income |
N'000 | N'000 |
- | - |
- | - |
45,114 | 28,949 |
Depreciation |
At 1 Jan 2025 |
Charge for the period |
Reclassified to owned assets |
At 30 Jun. 2025 |
Net book value |
At 30 Jun. 2025 |
N'000
Cost |
At 1 Jan 2025 |
Additions |
Transfers to owned assets |
At 30 Jun. 2025 |
5,000,000 |
- |
- |
5,000,000 |
1,000,000 |
125,000 |
- |
1,125,000 |
6 | Intangible assets |
Cost | |
At 1 Jan 2025 | |
Additions- Covenant Gems | |
At 30 Jun. 2025 | |
Depreciation | |
At 1 Jan 2025 | |
Charge for the year | |
Write down/Disposals | |
At 30 Jun. 2025 | |
Net book value | |
At 30 Jun. 2025 |
7,974,381
1,400,000
9,374,381
14,381 |
0 |
14,381
7 | Investment Property- Land |
Cost | |
At 1 Jan 2025 | |
Additions | |
At 30 Jun. 2025 | |
Depreciation | |
At 1 Jan 2025 | |
Charge for the year | |
Write down/Disposals | |
At 30 Jun. 2025 | |
Net book value | |
At 30 Jun. 2025 |
782,606
562,500
1,345,106
- |
- |
-
30-Jun |
2024 |
N'000 |
- |
- |
0 |
31-Dec |
2023 |
N'000 |
- |
- |
0 |
8 | Inventory |
Consumables |
Aggregates |
Impairment loss |
Net Inventory |
- |
0 |
- |
0 |
Trade Debtors & other | ||
receivables | 16,085,598 | 4,681,286 |
- | - | |
16,085,598 | 4,681,286 | |
Impairment allowance | (247,594) | (247,594) |
15,838,004 | 4,433,692 | |
Code of conduct regarding Securities Trading transactions by Directors and other Insiders of the Company was adopted and fully complied with during the period under review.
No record of non-compliance with the required standard set out in The Exchange's listings rules and in the issuer's code of conduct regarding Securities transactions by Insiders in line with Rule 17:15(d) of the Rulebook of The Exchange, 2015 part II (insiders Rule)
11 FREE FLOAT SHARE REPORTCompany Name: Japaul Gold and Ventures Plc | ||||
Board Listed: Main Board | ||||
Year End: December | ||||
Reporting Period: June 30, 2025 | ||||
Share Price at end of reporting: N2.25 kobo (2024:N1.99 kobo) | ||||
Shareholding Structure/ Free Float Status | ||||
30-June-2025 | 30-June- 2024 | |||
Description | Unit | Percentage | Unit | Percentage |
Issued Share Capital | 14,262,701,716 | 100% | 6,262,701,716 | 100% |
Substantial Shareholdings (5% and above) | ||||
NATIONWIDE EXPLORATION AND PRODUCTION LTD | 2,926,646,733 | 20.52 | - | - |
H & H MINES LIMITED | 2,707,515,844 | 18.98 | ||
Total Substantial Shareholdings | 5,634,162,577 | 39.50 | 0 | 0.00% |
Director's Shareholdings (Direct, and Indirect), excluding directors with substantial interests | ||||
Units | % | Units | % | |
Mr. Jegede Paul A. | 182,269,783 | 1.28 | 240,629,783 | 3.84 |
Mr. Akinloye Daniel Oladapo | 96,712,819 | 0.68 | 11,712,819 | 0.08 |
Onome Okodiya Esq | 500,000 | 0.00 | 500,000 | 0.00 |
Mr. Oyinlola Oluwaseyi | 1,000,000 | 0.01 | 1,000,000 | 0.01 |
Mr.Olusola Oke | 1,362,125 | 0.01 | 1,025,925 | 0.01 |
Total Directors Shareholdings | 281,844,727 | 1.98 | 254,868,527 | 3.94 |
Other Influential Shareholdings | Units | % | Units | % |
ADCAX INVESTMENTS LIMITED | 256,000,000 | 1.79 | _ | _ |
BEENAT INTERNATIONAL COMPANY LIMITED | 188,819,162 | 1.32 | 181,587,477 | 2.90 |
ADEPETUN CAXTONMARTINS AGBOR AND S | 187,000,000 | 1.31 | 79,150,000 | 1.26 |
GTI ASSET MANAGEMENT & TRUST LIMITED | 181,795,096 | 1.27 | 78,125,000 | 1.25 |
GEM GLOBAL YIELD LLC SCS -MAIN | 126,842,471 | 0.89 | 65,165,427 | 1.04 |
IBRAHIM HAUWA | 150,841,724 | 1.06 | 61,296,565 | 0.98 |
BANKLINK AFRICA PRIVATE EQUITIES LIMITED | 154,000,000 | 1.08 | 39,671,239 | 0.63 |
PINK NOMINEE LIMITED | 174,739,980 | 1.23 | 35,447,137 | 0.57 |
L A PRO-SHARES LTD | 175,000,000 | 1.23 | 24,181,461 | 0.39 |
CAPITAL EXPRESS ASSURANCE LTD | 180,000,000 | 1.26 | 31,591,734 | 0.50 |
Total other Influential Shareholding | 1,775,038,433 | 12.45 | 596,216,040 | 9.52 |
Free Float in Units and Percentage | 6,571,655,979 | 46.08 | 5,411,617,149 | 86.41 |
Free Float in Value | N14,786,225,952.75 N10,769,118,126.51 | |||
Declaration: | ||||
(A) Japaul Gold and Venture Plc with a free float percentage of 46.08% as at 30 June 2025 is compliant with The Exchange' free float requirements for companies listed on the Main Board. | ||||
(B) Japaul Gold and Ventures Plc with a free float value of N10,769,118,126.51 as at 30, June 2024 is compliant with The Exchange's free float requirements for companies listed on the Main Board. | ||||