Quarter 1 - financial statement for 2026

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

OCTOBER 2025 TO DECEMBER 2025

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

CONDENSED STATEMENT OF PROFIT OR LOSS

FOR PERIOD ENDED 31 DECEMBER 2025

GROUP

DECEMBER

DECEMBER

2025

2024

N'm

N'm

Revenue

1

418

315

-293

-220

125

95

101

2

14

113

-51

-50

-104

-102

85

58

-51

-49

34

9

-1

-2

33

8

33

8

8.5

2.0

8.5

2.0

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

STATEMENT OF OTHER COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DEC 2025

GROUP

SEPT

SEPT

2025

2024

N'm

N'm

COMPANY

SEPT

SEPT

2025

2024

N'm

N'm

GROUP

QTR 4

QTR 4

2025

2024

N'm

N'm

COMPANY

QTR 4

QTR 4

2025

2024

N'm

N'm

Profit/(loss) after taxation

1

33

8

31

6

33

8

31

6

Items that will not be reclassified to profit or loss

in subsequent periods.

Net surplus on revaluation of properties

Items that may be reclassified subsequently

Net change in fair value during the period

Changes in allowance for expected credit losses

Net gain/(losses) on financial investments at fair

value through other comprehensive income

Other comprehensive income/(loss) for the

period, net of tax

Total comprehensive income/(loss) for the

period, net of tax

31

6

8 31

6

33 8

33

Items that will be reclassified to profit or loss

in subsequent periods.

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

GROUP STATEMENT OF FINANCIAL POSITION

AS AT DECEMBER 31, 2026

7,708

7,708

-0

4,565

4,565

-0

Current assets

Inventories

2

377

211

79

Trade and other receivables

3

1,499

1,456

3

Prepayments

130

129

1

Cash and cash equivalents

5

253

236

7

2,259

2,032

11

377

211

79

1,498

1,456

3

130

129

1

253

236

7

2,258

2,032

11

Current liabilities

Trade and other payables

4

2,559

2,287

-12

Due to related parties

24

0

0

Bank overdraft

0

0

0

Loans and borrowings

717

745

4

Taxation payable

171

170

-1

Employee's benefit

79

76

-4

2,367

2,219

-7

24

0

0

0

0

0

717

745

4

93

92

-1

79

76

-4

3,550

3,278

8

3,280

3,132

5

GROUP

DECEMBER

SEPTEMBER

2025

2025

%

N'm

N'm

CHANGE

261

262

-0

7,259

7,259

0

0

0

0

0

0

0

187

187

0

COMPANY

DECEMBER

SEPTEMBER

2025

2025

%

N'm

N'm

CHANGE

Notes

7

8

9

Non current assets

Property, plant and equipment

Investment properties

Investment subsidiaries

Assets under finance lease

Available for sale financial assets

261

262

-0

4,101

4,101

0

15

15

0

0

0

0

187

187

0

-1,291

-1,246

4

-1,022

-1,100

-7

Deferred taxation

Loans and borrowings

Due to related parties

285

285

0

0

39

100

833

872

4

0

0

0

0

39

100

848

762

-11

5,299

5,266

1

2,695

2,664

1

Capital and reserves

Share capital

Property revaluation reserve

Revenue reserve

Shareholders' funds

195

195

0

0

0

0

5,104

5,071

1

5,299

5,266

1

195

195

0

0

0

0

2,500

2,469

1

2,695

2,664

1

Dr. C. Ezeh

FRC/2017/IODN/00000016475

Group Managing Director

Mr. Adeche Okeje

FRC/2013/ICAN/00000005141

Chief Finance Officer

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

STATEMENT OF CHANGES IN EQUITY

AS AT DECEMBER 31, 2026

GROUP

Issued share capital

Available for sale reserve

Revaluation reserve

Reserve on acturial valuation of defined benefit plan

Revenue reserve

Total equity

N'm

N'm

N'm

N'm

N'm

N'm

COMPANY

Issued share capital

Available for sale reserve

Revaluatio n reserve

Reserve on acturial valuation of defined benefit plan

Revenue reserve

Total equity

N'm

N'm

N'm

N'm

N'm

N'm

At 1 October 2025

195

-

-

-

5,071

5,266

Profit/(Loss)

33

33

Other comprehensive income

-

Deficit on revaluation of property

-

Depreciation written back on revaluation of property

-

195

-

-

-

2,469

2,664

31

31

-

-

-

Total comprehensive (loss)/income for the year

195

-

-

-

5,104

5,299

195

-

-

-

2,500

2,695

Contributions by and distributions to owners:

Dividends paid

Total contributions by and distributions to owners

-

-

-

-

-

-

-

-

-

-

-

-

At 31 December 2025

195

-

-

-

5,104

5,299

195

-

-

-

2,500

2,695

At 1 October 2024

195

-

1,397

-

3,205

4,797

Profit/(Loss)

8

8

Other comprehensive income

-

Surplus on revaluation of property

-

-

Depreciation written back on revaluation of property

-

195

-

620

-

1,696

2,511

6

6

-

-

-

-

Total comprehensive (loss)/income for the year

195

-

1,397

-

3,213

4,804

195

-

620

-

1,702

2,517

Contributions by and distributions to owners:

Dividends paid

Total contributions by and distributions to owners

-

-

-

-

-

-

-

-

-

-

-

-

At 30 December 2024

195

-

1,397

-

3,213

4,804

195

-

620

-

1,702

2,517

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

GROUP STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 DEC 2025

GROUP

DECEMBER

DECEMBER

2025

2024

%

N'm

N'm

CHANGE

356

394

-10

COMPANY

DECEMBER

DECEMBER

2025

2024

%

N'm

N'm

CHANGE

Cash flows from operating activities

Cash received from customers

352

394

-11

-206

-307

33

-202

-307

34

28

23

-22

28

23

-23

-29

-24

-21

-29

-24

-21

0

0

0

0

0

0

Net cash provided by operating activities

6

150

86

-73

-

150

86

-74

Cash flows from investing activities

Purchase of fixed assets

-14

-37

61

-14

-37

62

0

0

0

0

0

0

-14

-37

61

-14

-37

0

Cash flows from financing activities

Proceeds from/(Repayment) of loans and borrowings

-67

5

-1,440

-67

5

-1,440

-51

-49

-4

-51

-49

-4

-118

-44

-169

-118

-44

-168

17

5

-229

17

5

-248

236

22

973

236

22

973

Closing cash and cash equivalents

5

253

27

829

253

27

839

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

FOR THE PERIOD ENDED 31 DEC 2025

GROUP COMPANY

DECEMBER

DECEMBER DECEMBER DECEMBER

2025

2024

2025

2024

N'm

N'm

N'm

N'm

290

212

290

212

0

0

0

0

128

103

124

99

418

315

414

311

GROUP

QTR 1

QTR 1

2025

2024

N'm

N'm

COMPANY

QTR 1

QTR 1

2025

2024

N'm

N'm

1

Revenue

Technical products and leasing services

Yamaha

Central

290

212

0

0

128

103

418

315

290

212

0

0

124

99

414

311

2

Inventory

GROUP

31ST DEC

30TH SEPT

2025

2025

N'm

N'm

COMPANY

31ST DEC

30TH SEPT

2025

2025

N'm

N'm

Finished goods

212

213

Spart parts

12

12

Work- in- progress

167

0

212

213

12

12

167

0

391

225

391 225

-14

-14

-14 -14

377

211

377 211

3

Trade and other receivables

N'm

N'm

N'm

N'm

Trade receivables

126

64

126

64

Withholding tax receivable

1,932

1,928

1,932

1,928

Others

97

121

97

121

2,155

2,113

2,155

2,113

Provisions

-656

-657

-657

-657

1,499

1,456

1,498

1,456

4

Trade and other payables

N'm

N'm

N'm

N'm

Trade payables

1

0

1

0

Accruals and provisions

1,373

1,424

1,228

1,356

Deferred revenue

1,001

863

1,001

863

Other payables

184

0

137

0

2,559

2,287

2,367

2,219

5

Cash and cash equivalents

As per statement of financial position

GROUP

31ST DEC.

31ST DEC.

2025

2024

N'm

N'm

253

27

COMPANY

31ST DEC.

31ST DEC.

2025

2024

N'm

N'm

253

27

As per statement of cash flow

253

27

253 27

6

Reconciliation of net income to net cash generated by operating activities

N'm

N'm

33

8

N'm

N'm

31

6

Adjustments to reconcile profit to net cash provided by operating activities

Depreciation

15

13

Interest paid

51

49

Fair value gain on investment properties

0

0

15

13

51

49

0

0

Changes in assets and liabilities

Decrease/(increase) in inventories

- 166

16

Decrease/(increase) in associates

0

0

Decrease/(increase) in trade and other receivables

-43

85

Decrease/(increase) in prepayments

-1

4

Increase/(decrease) in trade and other payables

272

-3

Decrease/(increase) in amount due from related companies

0

0

Increase/(decrease) in amount due to related companies

-15

-93

Increase/(decrease) in taxation

1

2

Increase/(decrease) in employee's benefits

3

7

-166

16

0

0

-42

85

-1

4

148

-3

0

0

110

-93

1

2

3

7

Net adjustment

117

79

119

80

Net cash provided by operating activities

150

86

150 86

JOHN HOLT PLC

UNAUDITED 2025/2026 RESULTS

FOR THE PERIOD ENDED 31 DEC 2025

NOTES

7. Property, plant and equipment

GROUP

LEASEHOLD

LEASEHOLD

ASSETS LEASED

MOTOR VEH.

COMPUTERS &

COMPUTER

FURNITURE

PLANT &

AIRCONS

ASSET WORK

TOTAL

LAND

BUILDING

TO CLIENTS

& VESSELS

TELECOM EQUIP

SOFTWARE

& FITTINGS

EQUIPT

IN PROGRESS

Cost

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

Opening

11

310

36

27

46

370

35

55

890

Additions

14

14

Reclassifications

0

Revaluation surplus

0

Disposal

Closing

-

-

11

310

36

27

46

370

35

69

904

Depreciation

Opening

8

250

33

6

23

276

32

0

628

Additions

0

9

0

1

1

3

0

15

Reclassifications

0

Revaluation

0

Disposal

0

Closing

0

0

8

259

33

7

24

279

32

0

643

Closing NBV

0

0

3

51

3

20

22

91

3

69

261

Opening NBV

0

0

3

60

3

21

23

94

3

55

262

7. Property, plant and equipment

COMPANY

LEASEHOLD

LEASEHOLD

ASSETS LEASED

MOTOR VEH.

COMPUTERS &

COMPUTER

FURNITURE

PLANT &

AIRCONS

ASSET WORK

TOTAL

LAND

BUILDING

TO CLIENTS

& VESSELS

TELECOM EQUIP

SOFTWARE

& FITTINGS

EQUIPT

IN PROGRESS

Cost

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

Opening

10

310

36

27

43

364

34

55

879

Additions

14

14

Reclassifications

0

Revaluation surplus

0

Disposal

Closing

-

-

10

310

36

27

43

364

34

69

893

Depreciation

Opening

8

250

33

6

20

270

31

617

Additions

0

9

0

1

1

3

0

15

Reclassifications

0

Revaluation

0

Disposal

0

Closing

0

0

8

259

33

7

21

273

31

0

632

Closing NBV

0

0

2

51

3

20

22

91

3

69

261

Opening NBV

0

0

2

60

3

21

23

95

4

55

262

8. Investment properties

Opening

Additions

Reclassifications

Fair value gain

Disposal

Closing

GROUP

COMPANY

3IST DEC

30TH SEPT

3IST DEC

30TH SEPT

2025

2025

2025

2025

N'm

N'm

N'm

N'm

7,259

4,350

4,101

2,962

0

0

0

0

0

2,387

0

844

0

522

0

295

0

0

0

0

7,259

7,259

4,101

4,101

9. Assets acquired under finance lease

Cost

N'm

N'm

N'm

N'm

Opening

0

0

0

0

Additions

0

0

0

0

Reclassifications

0

0

0

0

Revaluation

0

0

0

0

Disposal

0

0

0

0

Closing

0

0

0

0

Depreciation

Opening

0

0

0

0

Additions

0

0

0

0

Reclassifications

0

0

0

0

Revaluation

0

0

0

0

Disposal

0

0

0

0

Closing

0

0

0

0

Closing NBV

0

0

0

0

Opening NBV

0

0

0

0