JOHN HOLT PLC |
UNAUDITED 2024/2025 RESULTS |
OCTOBER 2024 TO SEPTEMBER 2025 |
JOHN HOLT PLC | ||||||||||||||||
UNAUDITED 2024/2025 RESULTS | ||||||||||||||||
CONDENSED STATEMENT OF PROFIT OR LOSS | ||||||||||||||||
FOR PERIOD ENDED 30 SEPTEMBER 2025 | ||||||||||||||||
GROUP | COMPANY | GROUP | COMPANY | |||||||||||||
SEPT | SEPT | SEPT | SEPT | QTR 4 | QTR 4 | QTR 4 | QTR 4 | |||||||||
Notes | 2025 | 2024 | % | 2025 | 2024 | % | 2025 | 2024 | % | 2025 | 2024 | % | ||||
N'm | N'm | CHANGE | N'm | N'm | CHANGE | N'm | N'm | CHANGE | N'm | N'm | CHANGE | |||||
Revenue | 1 | 1,469 | 3,153 | (53) | 1,468 | 3,153 | (53) | 211 | 314 | (33) | 210 | 311 | (32) | |||
Cost of sales | -1,061 | -2,537 | 58 | -1,060 | -2,535 | 58 | -164 | -285 | 43 | -164 | -285 | 43 | ||||
Gross profit | 408 | 616 | (34) | 407 | 618 | (34) | 47 | 29 | 62 | 46 | 25 | 83 | ||||
Other operating income | 236 | 4,760 | (95) | 136 | 4,426 | (97) | 223 | 3,619 | (94) | 123 | 3,285 | (96) | ||||
Exchange (loss)/gain | 70 | -2,041 | 103 | 70 | -2,041 | 103 | 48 | -1,617 | 103 | 48 | -1,617 | 103 | ||||
Distribution expenses | -197 | -187 | (5) | -197 | -179 | (10) | -27 | -18 | (51) | -27 | -11 | (153) | ||||
Administrative expenses | -495 | -370 | (34) | -493 | -366 | (35) | -154 | -56 | (175) | -153 | -53 | (187) | ||||
Profit/(loss) from operating activities | 22 | 2,778 | (99) | -78 | 2,458 | (103) | 137 | 1,958 | (93) | 37 | 1,630 | (98) | ||||
Finance costs | -213 | -205 | (4) | -213 | -205 | (4) | -72 | -45 | (60) | -72 | -45 | (62) | ||||
Profit/(Loss) before taxation | -191 | 2,573 | (107) | -291 | 2,253 | (113) | 65 | 1,913 | (97) | -35 | 1,586 | (102) | ||||
Taxation charge | -8 | -99 | 92 | -8 | -22 | 64 | -2 | -84 | 98 | -2 | -7 | 72 | ||||
Profit/(Loss) after taxation | -199 | 2,474 | (108) | -299 | 2,231 | (113) | 63 | 1,829 | (97) | -37 | 1,578 | (102) | ||||
Total comprehensive income transferred to retained earnings | -199 | 2,474 | (108) | -299 | 2,231 | (113) | 63 | 1,829 | (97) | -37 | 1,578 | (102) | ||||
Earnings/(Loss) per share -Basic (in kobo) | -51.1 | 635.6 | (108) | -76.7 | 573.2 | (113) | 16.3 | 469.9 | (97) | -9.4 | 405.6 | (102) | ||||
Earnings/(Loss) per share -diluted (in kobo) | -51.1 | 635.6 | (108) | -76.7 | 573.2 | (113) | 16.3 | 469.9 | (97) | -9.4 | 405.6 | (102) | ||||
JOHN HOLT PLC | ||||||||||||
UNAUDITED 2024/2025 RESULTS | ||||||||||||
STATEMENT OF OTHER COMPREHENSIVE INCOME | ||||||||||||
FOR THE PERIOD ENDED 30 SEPT 2025 | ||||||||||||
GROUP | COMPANY | GROUP | COMPANY | |||||||||
SEPT | SEPT | SEPT | SEPT | QTR 4 | QTR 4 | QTR 4 | QTR 4 | |||||
Notes | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | ||||
N'm | N'm | N'm | N'm | N'm | N'm | N'm | N'm | |||||
Profit/(loss) after taxation | 1 | -199 | 2,474 | -299 | 2,231 | 63 | 1,829 | -37 | 1,578 | |||
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 | ||||||||||||
Total items that will not be reclassified to profit or loss | ||||||||||||
Items that will be reclassified to profit or loss | ||||||||||||
in subsequent periods. | ||||||||||||
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 | -199 | 2,474 | -299 | 2,231 | 63 | 1,829 | -37 | 1,578 | ||||
JOHN HOLT PLC | ||||||||||
UNAUDITED 2024/2025 RESULTS | ||||||||||
GROUP STATEMENT OF FINANCIAL POSITION | ||||||||||
FOR THE PERIOD ENDED 30 SEPT 2025 | ||||||||||
GROUP | COMPANY | |||||||||
SEPTEMBER | SEPTEMBER | SEPTEMBER | SEPTEMBER | |||||||
Notes | 2025 | 2024 | % | 2025 | 2024 | % | ||||
N'm | N'm | CHANGE | N'm | N'm | CHANGE | |||||
Non current assets | ||||||||||
Property, plant and equipment | 7 | 2,646 | 2,660 | (1) | 1,136 | 1,151 | (1) | |||
Investment properties | 8 | 4,550 | 4,350 | 5 | 3,062 | 2,962 | 3 | |||
Investment subsidiaries | 0 | 0 | 0 | 15 | 15 | 0 | ||||
Assets under finance lease | 9 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Available for sale financial assets | 78 | 78 | 0 | 78 | 78 | 0 | ||||
7,274 | 7,088 | 3 | 4,292 | 4,206 | 2 | |||||
Current assets | ||||||||||
Inventories | 2 | 210 | 237 | (11) | 210 | 237 | (11) | |||
Trade and other receivables | 3 | 1,382 | 1,428 | (3) | 1,363 | 1,422 | (4) | |||
Prepayments | 224 | 98 | 129 | 218 | 131 | 66 | ||||
Cash and cash equivalents | 5 | 236 | 22 | 975 | 236 | 22 | 972 | |||
2,053 | 1,785 | 15 | 2,027 | 1,812 | 12 | |||||
Current liabilities | ||||||||||
Trade and other payables | 4 | 2,463 | 1,828 | (35) | 2,296 | 1,715 | (34) | |||
Due to related parties | 24 | 24 | 0 | 24 | 24 | (1) | ||||
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Loans and borrowings | 707 | 430 | (64) | 707 | 430 | (64) | ||||
Taxation payable | 174 | 163 | (7) | 96 | 85 | (13) | ||||
Employee's benefit | 76 | 45 | (69) | 76 | 45 | (69) | ||||
3,444 | 2,490 | 38 | 3,200 | 2,299 | 39 | |||||
Net current liabilities | -1,391 | -705 | 97 | -1,172 | -486 | 141 | ||||
Non-current liabilities | 746 | |||||||||
Deferred taxation | 397 | 397 | (0) | 20 | 20 | 0 | ||||
Loans and borrowings | 39 | 271 | 86 | 39 | 271 | 86 | ||||
Due to related parties | 848 | 918 | 8 | 848 | 918 | 8 | ||||
Net assets | 4,598 | 4,797 | (4) | 2,212 | 2,511 | (12) | ||||
Capital and reserves | ||||||||||
Share capital | 195 | 195 | 0 | 195 | 195 | 0 | ||||
Property revaluation reserve | 1,397 | 1,397 | 0 | 620 | 620 | 0 | ||||
Revenue reserve | 3,006 | 3,205 | (6) | 1,397 | 1,696 | (18) | ||||
Shareholders' funds | 4,598 | 4,797 | (4) | 2,212 | 2,511 | (12) | ||||
Approval Date - 28th October, 2025 | ||||||||||
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 | |||||||||||||
STATEMENT OF CHANGES IN EQUITY | |||||||||||||
FOR THE PERIOD ENDED 30 SEPT 2025 | |||||||||||||
GROUP | COMPANY | ||||||||||||
Is sued share capital | Available for sale reserve | Revaluation reserve | Reserve on acturial valuation of defined benefit plan | Revenue reserve | Total equity | Is sued 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 | N'm | N'm | N'm | N'm | N'm | N'm | ||
At 1 October 2024 | 195 | - | 1,397 | - | 3,205 | 4,797 | 195 | - | 620 | - | 1,696 | 2,511 | |
Profit/(Loss) | (199) | (199) | (299) | (299) | |||||||||
Other comprehensive income | - | - | |||||||||||
Deficit on revaluation of property | - | - | |||||||||||
Depreciation written back on revaluation of property | - | - | |||||||||||
Total comprehensive (loss)/income for the year | 195 | - | 1,397 | - | 3,006 | 4,598 | 195 | - | 620 | - | 1,397 | 2,212 | |
Contributions by and distributions to owners: | |||||||||||||
Dividends paid | - | - | |||||||||||
Total contributions by and distributions to owners | - | - | - | - | - | - | - | - | - | - | - | - | |
At 30 September 2025 | 195 | - | 1,397 | - | 3,006 | 4,598 | 195 | - | 620 | - | 1,397 | 2,212 | |
At 1 October 2023 | 195 | - | 997 | - | 731 | 1,923 | 195 | - | 616 | - | (535) | 276 | |
Profit/(Loss) | 2,474 | 2,474 | 2,231 | 2,231 | |||||||||
Other comprehensive income | - | - | |||||||||||
Surplus on revaluation of property | 400 | 400 | 4 | 4 | |||||||||
Depreciation written back on revaluation of property | - | - | |||||||||||
Total comprehensive (loss)/income for the year | 195 | - | 1,397 | - | 3,205 | 4,797 | 195 | - | 620 | - | 1,696 | 2,511 | |
Contributions by and distributions to owners: | |||||||||||||
Dividends paid | - | - | |||||||||||
Total contributions by and distributions to owners | - | - | - | - | - | - | - | - | - | - | - | - | |
At 30 September 2024 | 195 | - | 1,397 | - | 3,205 | 4,797 | 195 | - | 620 | - | 1,696 | 2,511 | |
JOHN HOLT PLC | ||||||||
UNAUDITED 2024/2025 RESULTS | ||||||||
GROUP STATEMENT OF CASH FLOWS | ||||||||
FOR THE PERIOD ENDED 30 SEPT 2025 | ||||||||
GROUP | COMPANY | |||||||
SEPTEMBER | SEPTEMBER | SEPTEMBER | SEPTEMBER | |||||
Notes | 2025 | 2024 | % | 2025 | 2024 | % | ||
N'm | N'm | CHANGE | N'm | N'm | CHANGE | |||
Cash flows from operating activities | ||||||||
Cash received from customers | 1,527 | 3,266 | -53 | 1,526 | 3,264 | -53 | ||
Cash paid to suppliers and employees | -1,096 | -3,754 | 71 | -1,095 | -3,798 | 71 | ||
Input VAT | 78 | 94 | 17 | 78 | 94 | 17 | ||
Output VAT | -80 | -98 | 18 | -80 | -98 | 18 | ||
Income tax paid | 0 | -47 | -100 | 0 | 0 | 0 | ||
Net cash provided by operating activities | 6 | 429 | -539 | 180 | 429 | -539 | 180 | |
Cash flows from investing activities | ||||||||
Purchase of fixed assets | -46 | -147 | 68 | -46 | -147 | 69 | ||
Proceeds from sale of fixed assets | 0 | 0 | 0 | 0 | 0 | 0 | ||
Net cash provided by investing activities | -46 | -147 | 68 | -46 | -147 | 0 | ||
Cash flows from financing activities | ||||||||
Proceeds from/(Repayment) of loans and borrowings | 45 | -96 | -147 | 45 | -96 | -147 | ||
Finance cost | -213 | -210 | -1 | -213 | -210 | -1 | ||
Net cash provided by financing activities | -168 | -306 | 45 | -168 | -306 | 45 | ||
Net (decrease)/increase in cash and cash equivalents | 214 | -992 | 122 | 214 | -992 | 122 | ||
Cash and cash equivalents at 1 October | 22 | 1,014 | -98 | 22 | 1,014 | -98 | ||
Closing cash and cash equivalents | 5 | 236 | 22 | 974 | 236 | 22 | 950 | |
JOHN HOLT PLC | ||||||||||||
UNAUDITED 2024/2025 RESULTS | ||||||||||||
FOR THE PERIOD ENDED 30 SEPT 2025 | ||||||||||||
GROUP | COMPANY | GROUP | COMPANY | |||||||||
NOTES | SEPTEMBE R | SEPT | SEPTEMB ER | SEPTEMBER | QTR 4 | QTR 4 | QTR 4 | QTR 4 | ||||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |||||
N'm | N'm | N'm | N'm | N'm | N'm | N'm | N'm | |||||
1 | Revenue | |||||||||||
Technical products and leasing services | 1,014 | 2,817 | 1,014 | 2,817 | 81 | 262 | 81 | 262 | ||||
Yamaha | 1 | 13 | 1 | 13 | 0 | 0 | 0 | 0 | ||||
Central | 454 | 323 | 453 | 323 | 130 | 52 | 129 | 48 | ||||
1,469 | 3,153 | 1,468 | 3,153 | 211 | 314 | 210 | 311 | |||||
GROUP | COMPANY | |||||||||||
30TH SEPT | 30TH SEPT | 30TH SEPT | 30TH SEPT | |||||||||
2025 | 2024 | 2025 | 2024 | |||||||||
2 | Inventory | N'm | N'm | N'm | N'm | |||||||
Finished goods | 212 | 243 | 212 | 243 | ||||||||
Spart parts | 11 | 13 | 11 | 13 | ||||||||
Work- in- progress | 0 | 0 | 0 | 0 | ||||||||
224 | 256 | 224 | 256 | |||||||||
Impairment | -14 | -19 | -14 | -19 | ||||||||
210 | 237 | 210 | 237 | |||||||||
3 | Trade and other receivables | N'm | N'm | N'm | N'm | |||||||
Trade receivables | 74 | 132 | 74 | 132 | ||||||||
Withholding tax receivable | 1,929 | 1,918 | 1,929 | 1,918 | ||||||||
Others | 36 | 35 | 18 | 29 | ||||||||
2,038 | 2,085 | 2,020 | 2,079 | |||||||||
Provisions | -656 | -657 | -657 | -657 | ||||||||
1,382 | 1,428 | 1,363 | 1,422 | |||||||||
4 | Trade and other payables | N'm | N'm | N'm | N'm | |||||||
Trade payables | 0 | 1 | 1 | 1 | ||||||||
Accruals and provisions | 1,482 | 1,390 | 1,314 | 1,279 | ||||||||
Deferred revenue | 863 | 368 | 863 | 368 | ||||||||
Other payables | 118 | 69 | 118 | 67 | ||||||||
2,463 | 1,828 | 2,296 | 1,715 | |||||||||
GROUP | COMPANY | |||||||||||
30TH SEPT. | 30TH SEPT. | 30TH SEPT. | 30TH SEPT. | |||||||||
2025 | 2024 | 2025 | 2024 | |||||||||
5 | Cash and cash equivalents | N'm | N'm | N'm | N'm | |||||||
As per statement of financial position | 236 | 22 | 236 | 22 | ||||||||
As per statement of cash flow | 236 | 22 | 236 | 22 | ||||||||
6 | Reconciliation of net income to net cash generated by operating activities | |||||||||||
N'm | N'm | N'm | N'm | |||||||||
Profit/(loss) after tax | -199 | 2,474 | -299 | 2,231 | ||||||||
Adjustments to reconcile profit to net cash provided by operating activities | ||||||||||||
Depreciation | 60 | 77 | 60 | 67 | ||||||||
Interest paid | 213 | 205 | 213 | 205 | ||||||||
Fair value gain on investment properties | -200 | -1,028 | -100 | -694 | ||||||||
Changes in assets and liabilities | ||||||||||||
Decrease/(increase) in inventories | 27 | -2 | 27 | -2 | ||||||||
Decrease/(increase) in associates | 0 | 243 | 0 | 243 | ||||||||
Decrease/(increase) in trade and other receivables | 46 | 91 | 59 | 95 | ||||||||
Decrease/(increase) in prepayments | -126 | 0 | -87 | 0 | ||||||||
Increase/(decrease) in trade and other payables | 635 | -971 | 581 | -1,020 | ||||||||
Decrease/(increase) in amount due from related companies | 0 | 5,823 | 0 | 5,790 | ||||||||
Increase/(decrease) in amount due to related companies | -70 | -7,470 | -70 | -7,443 | ||||||||
Increase/(decrease) in taxation | 11 | 52 | 11 | 22 | ||||||||
Increase/(decrease) in employee's benefits | 31 | -31 | 31 | -31 | ||||||||
Net adjustment | 628 | -3,012 | 727 | -2,769 | ||||||||
Net cash provided by operating activities | 429 | -539 | 429 | -539 | ||||||||
JOHN HOLT PLC
UNAUDITED 2024/2025 RESULTS
FOR THE PERIOD ENDED 30 SEPT 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 | 1,580 | 773 | 10 | 306 | 35 | 27 | 45 | 341 | 35 | 89 | 3,241 | |
Additions | 7 | 1 | 1 | 36 | 46 | |||||||
Reclassifications | 34 | -34 | 0 | |||||||||
Revaluation surplus | 0 | |||||||||||
Disposal | 3 | |||||||||||
Closing | 1,580 | 807 | 10 | 316 | 36 | 27 | 46 | 377 | 35 | 55 | 3,290 | |
Depreciation | ||||||||||||
Opening | 6 | 220 | 31 | 4 | 20 | 271 | 30 | 0 | 581 | |||
Additions | 5 | 2 | 33 | 2 | 3 | 3 | 10 | 2 | 60 | |||
Reclassifications | 0 | |||||||||||
Revaluation | 0 | |||||||||||
Disposal | 3 | 3 | ||||||||||
Closing | 0 | 5 | 8 | 256 | 33 | 7 | 23 | 281 | 32 | 0 | 644 | |
Closing NBV | 1,580 | 802 | 2 | 60 | 4 | 20 | 23 | 96 | 3 | 55 | 2,646 | |
Opening NBV | 1,580 | 773 | 4 | 86 | 4 | 23 | 25 | 70 | 5 | 89 | 2,660 |
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 | 593 | 251 | 9 | 306 | 35 | 27 | 42 | 327 | 33 | 89 | 1,712 | |
Additions | 7 | 1 | 1 | 36 | 46 | |||||||
Reclassifications | 0 | |||||||||||
Revaluation surplus | 0 | |||||||||||
Disposal | 3 | |||||||||||
Closing | 593 | 251 | 9 | 316 | 36 | 27 | 43 | 363 | 33 | 89 | 1,762 | |
Depreciation | ||||||||||||
Opening | 6 | 221 | 31 | 3 | 17 | 256 | 29 | 562 | ||||
Additions | 5 | 2 | 33 | 2 | 3 | 3 | 10 | 2 | 60 | |||
Reclassifications | 0 | |||||||||||
Revaluation | 0 | |||||||||||
Disposal | 3 | 3 | ||||||||||
Closing | 0 | 5 | 8 | 257 | 33 | 6 | 20 | 266 | 30 | 0 | 625 | |
Closing NBV | 593 | 246 | 1 | 59 | 4 | 21 | 23 | 97 | 3 | 89 | 1,136 | |
Opening NBV | 593 | 251 | 3 | 85 | 4 | 24 | 25 | 71 | 5 | 89 | 1,150 |
GROUP | COMPANY | ||
30TH SEPT | 30TH SEPT | 30TH SEPT | 30TH SEPT |
2025 | 2024 | 2025 | 2024 |
8. Investment properties N'm | N'm | N'm | N'm |
Opening 4,350 | 3,317 | 2,962 | 2,263 |
Additions 0 | 0 | 0 | 0 |
Reclassifications 0 | 0 | 0 | 0 |
Fair value gain 200 | 1,033 | 100 | 699 |
Disposal 0 | 0 | 0 | 0 |
Closing 4,550 | 4,350 | 3,062 | 2,962 |
9. Assets acquired under finance lease Cost N'm | N'm | N'm | N'm |
Opening 77 | 77 | 77 | 77 |
Additions 0 | 0 | 0 | 0 |
Reclassifications 0 | 0 | 0 | 0 |
Revaluation 0 | 0 | 0 | 0 |
Disposal 0 | 0 | 0 | 0 |
Closing 77 | 77 | 77 | 77 |
Depreciation Opening 77 | 74 | 77 | 74 |
Additions 0 | 3 | 0 | 3 |
Reclassifications 0 | 0 | 0 | 0 |
Revaluation 0 | 0 | 0 | 0 |
Disposal 0 | 0 | 0 | 0 |
Closing 77 | 77 | 77 | 77 |
Closing NBV 0 | 0 | 0 | 0 |
Opening NBV 0 | 3 | 0 | 3 |
10. These accounts are not audited. | |||
11. The company prepares this report quarterly. |