Scoa Nigeria PlcNSENG: SCOA

S c o a nigeria plc year end financial statement for 2024

· Issued by Scoa Nigeria Plc

SCOA NIGERIA PLC

[RC: 6293]

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31ST DECEMBER, 2024

SCOA NIGERIA PLC

UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD 31ST Dec, 2024

Unaudited

Audited

Current Period

Ended

Year Ended

% changes

31st Dec, 2024

31st Dec,2023

N'000

N'000

Revenue

5,517,152.16

10,408,253.09

(0.47)

Cost of Sales

(4,380,312.19)

(9,195,356.02)

(0.52)

Gross profit

1,136,839.97

1,212,897.07

(0.06)

Distribution/Admin Expenses

(1,379,333.78)

(1,900,926.95)

(0.27)

Other Income

511,495.36

810,208.82

(0.37)

Financial Charges

-

(7,495.25)

(1.00)

Profit/Loss Before Tax

269,001.55

114,683.69

1.35

Taxation

(73,514.17)

(14,179.41)

4.18

Profit/Loss After Tax

195,487.37

100,504.28

0.95

Other Comprehensive Income

Total Comprehensive Income

195,487.37

100,504.28

0.95

Profit/Loss After Tax Attr. To Noncontrolling Int

77,719.95

36,068.01

1.15

Profit/Loss After Tax Owners of the Company

117,767.42

64,436.27

0.83

Total Comp. Inc.Attr. to Non-Controlling Interest

Attributable to Owners of the Company

Basis/Diluted (loss) /Earnings per Share

0.18

0.88

(0.80)

SCOA NIGERIA PLC

UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD Oct to 31st Dec , 2024

Unaudited

Audited

Current Period

Ended

Year Ended

% changes

Oct to Dec

2024

Oct to Dec 2023

N'000

N'000

Revenue

2,165,458.06

8,217,050.33

(0.74)

Cost of Sales

(3,056,685.96)

(7,665,410.93)

(0.60)

Gross profit

(891,227.90)

551,639.40

(2.62)

Distribution/Admin and Other Expenses

178,366.49

(336,001.05)

(1.53)

Other Income

367,694.60

235,069.73

0.56

Financial Charges

599,953.64

378,521.07

(0.33)

Profit/Loss Before Tax

254,786.73

829,239.14

(1.09)

Taxation

(71,394.37)

(14,179.41)

(13.93)

Profit/Loss After Tax

183,392.34

815,059.73

(1.00)

Other Comprehensive Income

Total Comprehensive Income

183,392.34

815,059.73

(1.00)

Profit/Loss After Tax Attr. To Noncontrolling Int

4,446.08

176,467.55

0.01

Profit/Loss After Tax Owners of the Company

178,948.26

636,592.19

(1.00)

Total Comp. Inc.Attr. to Non-Controlling Interest

Attributable to Owners of the Company

Basis/Diluted (loss) /Earnings per Share

0.28

0.99

(1.00)

SCOA NIGERIA PLC

UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER, 2024

Un-Audited

Audited

Current Period

Year Ended

Ended

% changes

31st Dec, 2024

31st Dec,2023

N'000

N'000

Property, plant and equipment

3,523,446.19

3,771,576.00

0.07

Deferred Tax Assets

377,739.68

309,944.00

(0.22)

Investment in subsidiary / associates Cos.

#DIV/0!

Total Non Current Assets

3,901,185.87

4,081,520.00

0.04

Inventories

2,839,937.37

3,463,512.00

0.18

Debtors and Other Receivables

4,118,920.05

2,075,202.00

(0.98)

Other current assets

386,183.92

391,402.00

0.01

Cash and cash equivalents

3,653,645.41

5,515,450.00

0.34

Total Current Assets

10,998,686.76

11,445,566.00

0.04

Advance from customer

843,259.00

843,259.00

-

Trade and Other Payables

7,527,755.16

6,910,836.00

(0.09)

Current Financial liabilities

4,153,358.06

3,973,094.00

(0.05)

Current Tax Liabilities

361,106.63

289,097.00

(0.25)

Total Current Liabilities

12,885,478.84

12,016,286.00

(0.07)

Non-Current Financial liabilities

1,221,201.40

1,221,201.00

(0.00)

Defined benefit Plan

215,380.02

173,823.00

(0.24)

Deferred Tax Liabilities

Liabilities included in disposal groups

classified as held for sale (Where applicable)

Total Non-Current Liabilities

1,436,581.42

1,395,024.00

(0.03)

Working Capital

(1,886,792.08)

(512,818.83)

(2.68)

Net Assets

577,812.37

2,115,776.00

0.73

Non Controlling Interest

(695,596.96)

(545,117.36)

(0.28)

Attributable to Owners of the Company

1,273,409.32

3,184,329.88

0.60

These consolidated financial statements were approved by the Board of Directors on 31st January, 2025 and signed on its behalf by:

Mrs. A. Okereke

Mr. Henry Agbamu

Dr.Massad F.Boulos

FRC/2013/NIM/00000003968

FRC/2013IOD/00000003008

FRC/2013/ICAN/00000002373

STATEMENT OF CHANGES IN EQUITY AS AT 31st Dec '24- (UN-AUDITED)

Issued & paid up Share

Share Premium

Retained Earnings

Revaluation Reserve

Total

on controlling intere

Total Equity

₦000

₦000

₦000

₦000

₦000

₦000

₦000

% Change

Balance as of 1st January 2024

324,913.00

194,405.00

(4,181,335.00)

5,434,841.00

1,772,824.00

614,152.00

2,386,976.00

0.05

Prior year dividend approved

transfer to payables

Dividend

Profit/(loss) for the period / year

119,767.42

119,767.42

75,719.95

195,487.37

0.48

Other comprehensive

income/(loss)

Balance as of 31st Dec, 2024

324,913.00

194,405.00

(4,061,567.58)

5,434,841.00

1,892,591.42

689,871.95

2,582,463.37

0.08

Audited

Balance as of 1st January 2023

324,913.00

194,405.00

(4,274,604.00)

5,434,841.00

1,679,555.00

588,221.00

2,267,776.00

Dividend

Profit for the year

76,099.00

76,099.00

25,931.00

102,030.00

Adjustment to revaluated

properties

-

-

Other comprehensive income

-

-

17,170.00

17,170.00

17,170.00

Balance as of 31st Dec, 2023

324,913.00

194,405.00

(4,181,335.00)

5,434,841.00

1,772,824.00

614,152.00

2,386,976.00

SCOA NIGERIA PLC

CASH FLOW STATEMENT FOR the period ended 31st Dec , 2024 ( Un-audited)

%

Unaudited

Audited

Change

Current Period

Ended

Period Ended

31st Dec '24

31st Dec '23

N'000

N'000

Cash Flow from Operating Profit-Activities

269,001.55

114,683.69

(1.35)

Operating Cash Flow before Working Capital Changes

(3,572,308.42)

(2,048,254.85)

(0.74)

Operating Cash Flow from Changes in Working Capital

(725,998.96)

(3,453,343.72)

0.79

Net Cash Generated from Operating Activities

(4,029,305.83)

(5,386,914.88)

0.25

Cash Flow from Investing Activities

(676,758.22)

(1,157,224.64)

0.42

Cash Flow from Financing Activities

180,264.46

2,790,362.32

0.94

Net Increase/Decrease Cash and Cash Equivalent

(4,525,799.58)

(3,753,777.21)

(0.21)

Cash and Cash Equivalent Beginning of the Year

8,179,445.00

8,179,445.00

-

Cash and Cash Equivalent End of the Year

3,653,645.42

4,425,667.79

0.17

CORPORATE ACTION

Proposed Bonus

Proposed Dividend

Closure Date

Date of Payment

AGM Date

AGM Vanue

SCOA NIGERIA PLC

NOTES TO THE Un-Audited STATEMENT of FINANCIAL POSITION AS AT

PERIOD ENDED 31st Dec, 2024

Un-Audited

Audited

31st Dec, 2024

31st Dec,2023

=N='000

=N='000

1 ) REVENUE :

Analysis By class of Business:

Autos

443,958.54

3,149,144.19

Equipment

4,923,193.40

7,259,108.91

Trading

Construction

5,367,151.94

10,408,253.09

2. Current Asset : Inventories /Stock:

Raw Material and Consumables

1,734,027.12

1,734,027.12

Finished Goods

1,105,495.00

1,105,495.00

2,839,522.12

2,839,522.12

3) Current Assets: Trade & Other Receivables

Trade Debtors

4,118,920.05

1,633,334.93

Prepayment & others receivables

386,183.92

384,277.27

Cash & Bank Balance

3,653,645.41

4,425,667.79

8,158,749.39

6,443,280.19

4) Current Liabilities : Trade & Other Payables

Dividend Payable

Trade and other payables

7,527,755.16

6,603,040.41

Taxation

361,106.63

116,288.44

Bank Overdraft

77,228.71

77,228.71

Interset Bearing Loan

2,304,762.92

2,304,762.92

10,270,853.42

9,101,320.48

5) Non Current Liabilities

Interset Bearing Loan

1,221,201.40

987,571.16

Employee Benefit Liability - Gratuity

215,380.02

174,565.21

1,436,581.42

1,162,136.37

6. Call Up Share Capital

Authorised:

2 Billion Ordinary Shares of 50k Each

1,000,000

1,000,000

Alloted, Called Up and Fully Paid

649.5 million Ordinary Shares of 50k each

321,913

324,913

Company Name

SCOA NIGERIA PLC LAGOS

Industry

APPENDIX A1

PERIOD / YEAR End PERIOD / YEAR End

CONGLOMERATE

Balance Sheet Information

Fixed Assets

Long-term Investmets

Long-term debts

Deffer Taxation( Assets)

Current Assets

Stocks/Works-in-progress/Inventory

Receivables/Trade debtors

Prepayments

Goods-in transit

Current Account debit balances

Short-term investments

Foreign currencies purchased for imports

Amount awaiting remittance to overseas creditors

Other current assets

Cash & Bank balances

Total Current Assets

Total Assets

Current Liabilities

Amount due holding, subs and associated companies Payables/Trade Creditors

Other creditors/accruals/provision Taxation

Dividend

Short term loans and Bank overdraft

Amount approved or committed for future Exp Other current liabilities

Total Current Liabilities

Working capital

Total assets less current liabilties

LONG-TERM LIABILITIES

Creditors falling due after more than one year

Longterm Debts

Provision for liabilities and charges

Pension and similar obligations

Defered taxation

Other provisions

TOTAL LIABILITIES

FINANCED BY

Authorised share capital

Share capital

Preference share capital

Share premium

Revaluation reserves

Reserve for bonus issues

Other services

Retained Earnings

Total Equity/Shareholder's funds

Non Controlling Interest

Total liabilities & Equity

Net Working Capital

Income Statement Information

Turnover

Cost of sale

Gross profit

Distribution costs

Administration expenses

Operating profit

Share of profit form associate companies Interest Incomes

Other incomes

Profit/(Loss) on ord activities before int & taxes Interest payable and other similar charges Amortization of intagible assets

Profit/(Loss) on ord activities before tax Exc items Exeptional items gains / losses Taxation

Profit on ord act after tax and exceptional items Extra-ordinary activities

Profit after Tax

General Reserve b/f

Prior year adjustment

APPROPRIATION

Reserve for bonus issues

Dividend

General reserve carried forward

EPS in kobo (actual)

DPS in kobo (actual)

EPS in kobo (adjusted)

DPS in kobo (adjusted)

MPPS in kobo (as at year end)

Cash Flow Statement Information

Net Cash Flow from Operating Activities

Net Cash Flow from Investing Activities

Net Cash Flow from Financing Activities

Cash & Cash equivalents for the year

Cash & Cash equivalents at the beginning

Cash & Cash equivalents at the end

Notes to the accounts information

N'000

N'000

DEC '2024

DEC '2023

( Un-audited)

( Un-audited)

3,523,446

3,733,696

377,740

324,218

2,839,937

3,678,264

4,118,920

1,633,335

386,184

384,277

3,653,645

4,425,668

10,998,687

10,121,544

14,899,873

14,179,458

(7,527,755)

(6,603,040)

(843,259)

(843,259)

(361,107)

(116,288)

(4,153,358)

(3,353,894)

(12,885,479)

(10,916,482)

(1,848,792)

(794,938)

2,014,394

3,262,976

(1,221,201)

(987,571)

(215,380)

(174,565)

(14,322,060)

(12,078,618)

577,812

2,100,840

324,913

324,913

194,405

194,405

5,434,841

5,434,841

(4,061,568)

(4,210,168)

1,892,591

1,743,991

689,872

628,505

(15,524,780)

(13,194,105)

(1,886,792)

(794,938)

DEC '2024

DEC '2023

5,517,152

10,408,253

(4,380,312)

(8,512,106)

1,136,840

1,896,147

0(14,509)

(1,379,334) (1,886,418)

(242,494) (4,780)

511,495

810,209

269,002

805,429

0

(690,745)

269,002

114,684

(73,514)

(14,179)

195,487

100,504

195,487

100,504

0

0

0

0

195,487

100,504

61

31

NA

NA

NA

NA

NA

NA

(4,260,592.17)

(5,386,914.88)

(676,758.22)

(1,157,224.64)

180,264.46

2,790,362.32

(4,757,086)

(3,753,777)

8,179,445

8,179,445

3,422,359

4,425,668

Growth %

CS % 2024

Difference

Comments

-5.63

-4.67

(0.96)

16.51

(0.00)

16.51

-22.79

-11.10

(11.69)

152.18

-8.11

160.28

0.50

(11.99)

12.48

-17.44

(91.82)

74.37

8.67

(15.71)

24.38

5.08

(9.29)

14.37

14.00

11.40

2.60

0.00

29.07

(29.07)

210.53

-62.74

273.27

23.84

25.33

(1.49)

18.04

20.97

(2.93)

132.57

1,365.13

(1,232.56)

-38.27

(36.16)

(2.11)

23.66

-26.14

49.80

23.38

11.53

11.85

18.57

11.53

7.04

0.00

11.53

(11.53)

0.00

11.53

(11.53)

0.00

11.53

(11.53)

-3.53

11.53

(15.06)

8.52

11.53

(3.01)

9.76

11.53

(1.77)

17.66

11.53

6.13

137.35

11.53

125.82

-46.99

11.53

(58.52)

-48.54

11.53

(60.07)

-40.04

11.53

(51.57)

-100.00

11.53

(111.53)

-26.88

11.53

(38.41)

4973.10

11.53

4,961.57

-36.87

11.53

(48.40)

-66.60

11.53

(78.13)

-100.00

11.53

(111.53)

134.56

11.53

123.03

418.47

11.53

406.94

94.51

11.53

82.98

94.51

11.53

82.98

94.51

11.53

82.98

96.77

11.53

85.24

-20.91

11.53

(32.44)

-41.52

11.53

(53.05)

-93.54

11.53

(105.07)

26.73

11.53

15.20

0.00

11.53

(11.53)

-22.67

11.53

(34.20)

DEC '2024

DEC '2023

Operating Expenses

(1,379,334)

(1,900,927)

-27.44

11.53

(38.97)

Total Number of Staff

79

68

16.18

11.53

4.65

Total Staff Cost

(62,056)

(63,270)

-1.92

11.53

(13.45)

Number of Selling and Marketing Staff

100.00

11.53

88.47

28

14

Average Stock(Times)

1.54

2.31

-33.33

11.53

(44.86)

Average Stock(Period)

117

78

50.00

11.53

38.47

Average Trade Debtors (Times)

1.34

6.37

-78.96

11.53

(90.49)

Average Trade Debtors (Period)

1

28

-95.21

11.53

(106.74)

Average Trade Creditors (Times)

1.72

0.78

120.51

11.53

108.98

Average Trade Creditors (Period)

309.34

139.63

121.54

11.53

110.01

Credit Purchases

(7,527,755)

(6,603,040)

14.00

11.53

2.47

Number of ordinary shares ranking for dividend

649,825

649,825

0.00

11.53

(11.53)

FINANCIAL PERFORMANCE MEASUREMENT FOR GENERAL BUSSINESS

..

Company Name

SCOA NIG PLC LAGOS

Industry

CONGLOMERATE

FINANCIAL RATIOS

Liquidity Ratios

PERIOD / YEAR End PERIOD / YEAR End

DEC '2024 DEC 2023 Amounts in: =N=000Amounts in: =N=000

DEC '2024

DEC '2023

( Un-audited)

( Un-audited)

Current Ratio

0.86

0.93

-7.53

11.53

(19.06)

Quick Ratio (Acid-test)

0.22

0.34

-35.29

11.53

(46.82)

Efficiency Ratios

Asset Turnover (times)

-49.32

11.53

(60.84)

0.37

0.73

Stock Turnover (times)

1.54

2.31

-33.33

11.53

(44.86)

Stock Turnover period - days

117

78

50.00

11.53

38.47

Receivables Turnover (times)

1.34

6.37

-78.96

11.53

(90.49)

Receivables Turnover (days)

1

28

-95.21

11.53

(106.74)

Payable Turnover (times)

1.72

0.78

120.51

11.53

108.98

Payable Turnover (Days)

309

140

120.71

11.53

109.18

Sales to fixed assets (times)

1.57

2.79

-43.73

11.53

(55.26)

Turnover per staff (N'000)

69,837.37

153,062.55

-54.37

11.53

(65.90)

Turnover per selling and marketting staff (N '000)

197,041.15

371,723.32

-46.99

11.53

(58.52)

Average Emolument Per Staff (N '000)

785.52

930.44

-15.58

11.53

(27.11)

Total Staff Cost to Turnover Ratio

0.01

0.01

0.00

11.53

(11.53)

Operating Cost Per Staff (N)

17,459.92

27,954.81

-37.54

11.53

(49.07)

Turnover Per Staff Cost (N)

7,023.55

11,186.36

-37.21

11.53

(48.74)

Distribution Expenses/Turnover(%)

0.00

0.14

-100.00

11.53

(111.53)

Administrative Expenses/Turnover (%)

25.00

18.12

37.97

11.53

26.44

Distribution Expenses/Operating Expenses %

0.00

0.76

-100.00

11.53

(111.53)

Administrative Expenses/Operating Expenses (%)

100.00

99.24

0.77

11.53

(10.76)

Interest and other similar charges/Operating Expense

0.00

36.34

-100.00

11.53

(111.53)

Profitability Ratios

DEC '2024

DEC '2023

Return on Assets (ROA)

85.71

11.53

74.18

1.3%

0.7%

Return on Equity (ROE)

10.3%

5.8%

77.59

11.53

66.06

Return on Capital Employed (ROCE)

1.7%

6.1%

-72.13

11.53

(83.66)

Gross Profit Margin

20.6%

18.2%

13.19

11.53

1.66

Operating Profit Margin

-4.4%

1.0%

-540.00

11.53

(551.53)

Expenses to Sales

25.0%

24.9%

0.40

11.53

(11.13)

Net Profit Margin

3.5%

1.0%

250.00

11.53

238.47

Cost of Sales Margin

79.4%

81.8%

-2.93

11.53

(14.46)

Leverage/Stability Ratios

Longterm Debt-to-Equity Ratio

Longterm Debt-to-Asset Ratio

Long term Liabilities to Shareholders Fund

Total Debts(liabilities) to Shareholders Funds(equity) Fixed Interest Coverage Ratio (times)

Market Indices

75.9%

9.6%

0.76

7.57

1.00

66.6%

8.2%

0.67

6.93

1.17

13.96

11.53

2.43

17.07

11.53

5.54

13.43

11.53

1.90

9.24

11.53

(2.29)

-14.53

11.53

(26.06)

Price/Earnings Ratio (times)

9%

17%

-47.06

11.53

(58.59)

Earnings Yeild (%)

11%

6%

83.33

11.53

71.80

Net Asset Per Share (N)

0.89

3.25

-72.62

11.53

(84.15)

Dividend Cover (times)

NA

NA

Dividend Yield (%)

NA

NA

Dividend Payout ratio (times)

NA

NA

FREE FLOAT COMPUTATION

Company Name:

Year End:

Dec-24

Reporting Period:

Q4, 2024

Share Price at end of reporting period:

N2.06

31/12/2024

Percentage (In relation to Issued Share

Description

Units

Capital)

Issued Share Capital

649,825,665

100%

Details of Substantial Shareholdings (5% and above)

SCOA International S.A.

443,489,031

68.25

Total Substantial Shareholdings

443,489,031

68.25

Directors' Shareholdings (direct and indirect), excluding directors with substantial interests

Mr. Henry agbamu

137,843

0.02

Dr, Massad Fares Boulos

1,150

0.00

Mrs. Sarah Boulos

1,090

0.00

Mr. Michel Zouhoah Fadoul

-

-

Alhaji Gambo Lawan

-

-

Prince Boniface Nwabuko

2,500

0.00

Hon. Magnus Onyibe

-

-

Mr. Amresh Shrivastava

-

-

Total Directors' Shareholdings

142,583

0.02

Influential Shareholdings

Investra Limited

6,465,757

0.99

Top Limited

11,562,500

1.78

Bi-Tradex Limited

9,534,232

1.47

Krystall Limited

11,250,000

1.73

Laikeside Limited

10,812,500

1.66

Larbrisse Limited

10,000,000

1.54

Vinette Limited

13,125,000

2.02

Total Influential Shareholdings

72,749,989

11.19

Free Float in Units and Percentage

133,444,062

20.54

Free Float in Value

N149,864,977.34

Declaration:

SCOA Plc with a free float value of N 149,864,977.34 as at 31 December 2024, is compliant with The Exchange's free float requirements for companies listed on the Main Board.with The Exchange's free float requirements for companies listed on the Main Board.

SECURITIES TRADING POLICY

In compliance with Rule 17.15 Disclosure of Dealings in Issuers' Shares, Rulebook of the Exchange 2015 (Issuers Rule) Scoa Nigeria Plc maintains a Security Trading Policy which guides Directors, Audit Committee members, employees and all individuals categorized as insiders as to their dealing in the Company's shares. The Policy undergoes periodic reviews by the Board and is updated accordingly. The Company has made specific inquiries of all its Directors and other insiders and is not aware of any infringement of the policy during the period.

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