John Holt PlcNSENG: JOHNHOLT

Quarter 2 - financial statement for 2025

Apr 28, 2025 at 12:49 PM UTC · MarketScreener

JOHN HOLT PLC

UNAUDITED 2023/2024 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

JOHN HOLT PLC

UNAUDITED 2024/2025 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

CUMULATIVE	CUMULATIVE
31ST MAR.	31ST MAR.
2025	2024	%
N'm	N'm	CHANGE

QTR 2	QTR 2
31ST MAR.	31ST MAR.
2025	2024	%
N'm	N'm	CHANGE

QTR 1	QTR 1
31ST DEC.	31ST DEC.
2024	2023	%
N'm	N'm	CHANGE

GROUP STATEMENT OF COMPREHENSIVE INCOME

Notes

Revenue

565

2,428

(77)

250

390

(36)

315

2,038

(85)

-404

-1,959

-184

-318

-220

-1,640

162

469

(66)

(7)

398

(76)

Cost of sales Gross profit

505

(99)

502

(99)

(40)

Other operating income

-286

125

-41

(144)

113

-379

130

Exchange (loss)/gain

-98

-105

-48

-56

-50

-49

(3)

Distribution expenses

-209

-195

(7)

-107

-105

(3)

-102

-90

(13)

-69

388

(118)

-127

505

(125)

-117

150

Administrative expenses Profit/(loss) from operating activities

-94

-109

-45

-38

(17)

-49

-71

Finance costs

-162

279

(158)

-171

467

(137)

-188

105

Profit/(Loss) before taxation

-3

-19

-1

-8

-2

-11

-165

260

(163)

-173

459

(138)

-199

104

-165

260

(163)

-173

459

(138)

-199

104

Taxation charge Profit/(Loss) after taxation

-42.4

66.9

(163)

-44.4

118.1

(138)

2.0

-51.2

104

Total comprehensive income transferred to retained earnings Earnings/(Loss) per share (kobo)

JOHN HOLT PLC

UNAUDITED 2024/2025 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

Current assets
Inventories	2	217	237	(8)
Trade and other receivables	3	1,404	1,428	(2)
Prepayments		110	98	12
Cash and cash equivalents	5	257	22	1,068
		1,988	1,785	11

GROUP STATEMENT OF FINANCIAL POSITION

Non current assets

Property, plant and equipment

Investment properties

Assets under finance lease

Available for sale financial assets

Current liabilities
Trade and other payables	4	2,292	1,828	(25)
Due to related parties		24	24	0
Bank overdraft		137	271	49
Loans and borrowings		521	430	(21)
Taxation payable		166	163	(2)
Employee's benefit		61	45	(36)

Net current liabilities Non-current liabilities

Deferred taxation

Loans and borrowings

Due to related parties

Net assets

Capital and reserves

Share capital

Property revaluation reserve

Revenue reserve

Shareholders' funds

Submitted on 28th April 2025

Notes

31ST MAR.	30TH SEPT
2025	2024	%
N'm	N'm	CHANGE
2,668	2,660	0
4,350	4,350	0
0	0	0
78	78	0
		0
7,096	7,088	0

3,201

2,761

-1,213

-976

397	397	0
0	0	0
853	918	7

4,633

4,797

(3)

195	195	0
1,397	1,397	0
3,040	3,205	(5)
4,633	4,797	(3)

Dr. C. Ezeh

FRC/2017/IODN/00000016475

Group Managing Director

Mr. Adeche Okeje

FRC/2013/ICAN/00000005141

Chief Finance Officer

JOHN HOLT PLC

UNAUDITED 2024/2025 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

STATEMENT OF CHANGES IN EQUITY

Issued share

capital

Available for sale reserve

Revaluation

reserve

Reserve on acturial valuation of defined

benefit plan

Revenue reserve

Total equity

N'm

At 1 October 2024	195	-	1,397	-	3,205	4,797
Profit/(Loss)					(165)	(165)
Other comprehensive income						-
Deficit on revaluation of property						-
Depreciation written back on revaluation of property						-

Total comprehensive (loss)/income for the year

(165)

Contributions by and distributions to owners:

Dividends paid

Total contributions by and distributions to owners

At 31 March 2025

195

1,397

3,040

4,632

At 1 October 2023	195	-	997	-	731	1,923
Profit/(Loss)					260	260
Other comprehensive income						-
Surplus on revaluation of property						-
Depreciation written back on revaluation of property						-

Total comprehensive (loss)/income for the year

260

Contributions by and distributions to owners:

Dividends paid


Total contributions by and distributions to owners	-	-	-	-	-	-

At 31 March 2024

195

997

991

2,183

JOHN HOLT PLC

UNAUDITED 2024/2025 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

GROUP STATEMENT OF CASH FLOWS

31ST MAR.	31ST MAR.
2025	2024	%
N'm	N'm	CHANGE
642	2,644	-76

Notes

Cash flows from operating activities

Cash received from customers

-236

-3,124

Cash paid to suppliers and employees

117

Input VAT

-39

-118

Output VAT

-29

110

Income tax paid

Net cash provided by operating activities

408

-510

180

Cash flows from investing activities

Purchase of fixed assets

-37

-84

Proceeds from sale of fixed assets

-37

-84

Net cash provided by investing activities

Cash flows from financing activities

Proceeds from/(Repayment) of loans and borrowings

-43

-84

-49

-94

-109

Finance cost

-137

-193

Net cash provided by financing activities

235

-787

130

Net (decrease)/increase in cash and cash equivalents

865

-97

Cash and cash equivalents at 1 October

Closing cash and cash equivalents

257

229

JOHN HOLT PLC

UNAUDITED 2024/2025 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

NOTES

1	Revenue
	Technical products and leasing services
	Yamaha
	Central

Inventory

Finished goods	222
Spart parts	14
Work- in- progress	0

Impairment

2,255

CUMULATIVE

31ST MAR.

2024

N'm

QTR 2

31ST MAR.

2025

N'm

2,253

175

2,428

143

106

250

30TH SEPT

2024

N'm

243

QTR 1

31ST DEC.

2024

N'm

QTR 1

31ST DEC.

2023

N'm

CUMULATIVE
31ST MAR.
2025
N'm
355
1
209
565

QTR 2

31ST MAR.

2024

N'm

212

103

315

1,953

2,038

300

31ST MAR.

2025

N'm

236

-19

217

256

-19

237

390

3	Trade and other receivables	N'm	N'm
	Trade receivables	55	132
	Withholding tax receivable	1,923	1,918
	Others	83	35
		2,061	2,085
	Provisions	-657	-657
		1,404	1,428

4	Trade and other payables	N'm	N'm
	Trade payables	0	1
	Accruals and provisions	1,543	1,390
	Deferred revenue	670	368
	Other payables	79	69
		2,292	1,828

5	Cash and cash equivalents
	As per statement of financial position

31ST MARCH.

2025

N'm

257

31ST MARCH.

2024

N'm

As per statement of cash flow

257

6	Reconciliation of net income to net cash generated by operating activities

N'm

-165

Profit/(loss) after tax

Adjustments to reconcile profit to net cash provided by operating activities
Depreciation	28
Interest paid	94
Fair value gain in the year	0
Finance income	0
(Profit)/Loss on sale of fixed assets	0

Changes in assets and liabilities
Decrease/(increase) in inventories	20
Decrease/(increase) in trade and other receivables	24
Decrease/(increase) in prepayments	-12
Increase/(decrease) in trade and other payables	464
Decrease/(increase) in amount due from related companies	0
Increase/(decrease) in amount due to related companies	-65
Increase/(decrease) in taxation	3
Increase/(decrease) in employee's benefits	16

Net adjustment

573

N'm

260

109

18
243
217
13
449
5,823
-7,572
-10
-76

-770

Net cash provided by operating activities

408 -510

JOHN HOLT PLC

UNAUDITED 2024/2025 RESULTS

QUARTER TWO OCTOBER 2024 TO MARCH 2025

NOTES

7. Property, plant and equipment

	LEASEHOLD	LEASEHOLD	PLANT &	FURNITURE	AIRCONS	MOTOR VEH.	COMPUTERS &	COMPUTER	ASSETS LEASED	ASSET WORK	TOTAL
	LAND	BUILDING	EQUIPT	& FITTINGS	AIRCONS	& VESSELS	TELECOM EQUIP	SOFTWARE	TO CLIENTS	IN PROGRESS	TOTAL
Cost	N'm	N'm	N'm	N'm	N'm	N'm	N'm	N'm	N'm	N'm	N'm
Opening	1,580	773	341	45	35	306	35	27	10	89	3,242
Additions			37								37
Reclassifications											0
Revaluation surplus											0
Disposal
Closing	1,580	773	378	45	35	306	35	27	10	89	3,279

Depreciation
Opening			271	20	30	220	31	4	6	0	582
Additions			5	1	1	17	1	1	1		28
Reclassifications											0
Revaluation											0
Disposal											0
Closing	0	0	276	21	31	237	32	5	7	0	610

Closing NBV	1,580	773	102	24	4	69	3	22	3	89	2,668
Opening NBV	1,580	773	70	25	5	86	4	23	4	89	2,660

8. Investment properties

Opening

Additions

Reclassifications

Fair value gain

Disposal

Closing

31ST DEC	30TH SEPT
2024	2024
N'm	N'm
4,350	3,317
0	0
0	0
0	1,033
0	0
4,350	4,350

9. Assets acquired under finance lease
Cost	N'm	N'm
Opening	77	77
Additions	0	0
Reclassifications	0	0
Revaluation	0	0
Disposal	0	0
Closing	77	77

Depreciation
Opening	77	77
Additions	0	0
Reclassifications
Revaluation
Disposal	0	0
Closing	77	77

Closing NBV	0	0
Opening NBV	0	0

These accounts are not audited.
The company prepares this report quarterly.

FREE FLOAT COMPUTATION
Company Name:		John Holt Plc
Reporting Period		March 31, 2025
Share Price at end of Reporting Period		7.74
Issued Share Capital		389,151,412
Share Capital (N)		194,575,706
Shareholding Structure/ Free Float Status
Description	31-Mar-25		31-Mar-24
Description	Unit	Percentage	Unit	Percentage
Issued Share Capital	389,151,412	100%	389,151,412	100%
Substantial Shareholding (5% and above)
JOHN HOLT & COMPANY(LIVERPOOL) LIMITED	200,244,245	51.46	200,244,245	51.46
Total Substantial Shareholding	200,244,245	51.46	200,244,245	51.46
Director's Shareholdings (Direct and indirect) excluding directors with substantial interests
CHRISTOPHER IFESONACHI EZEH	2,213,835	0.57	2,213,835	0.57
DAVID GEORGE PARMLEY	-	-	-	-
CHIEF DR. CHRISTOPHER IKECHI EZEH	3,591,604	0.92	3,591,604	0.92
CRAIN NIGERIA LIMITED (CHIEF DR. CHRISTOPHER IKECHI EZEH)	551,142	0.14	551,142	0.14
MR. ADECHE BOYI OKEJE	54,030	0.01	54,030	0.01
MR. ADIM JIBUNOH	-	-	-	-
Total Directors' Shareholding	6,410,611	1.65	6,410,611	1.65
Other Influential Shareholding
Government Shareholding	203,480	0.05	203,480	0.05
Free Float in Units and Percentage	182,293,076	46.84	182,293,076	46.84
Total	389,151,412	100	389,151,412	100

Declaration:
(A) John Holt Plc with a free float percentage of 46.84% as at 31st March 2025, is compliant with The Exchange's free float requirements for companies listed on the Main Board.

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