Nig. plc.- year end - financial statement for 2025

UNAUDITED FINANCIAL STATFMEIIT FOR THE QUARTER ENDED 31 MARCH 2O25

FINANCIAL HIGHLIGHTS

Revenue

Profit/'Loss before taxation

THE GROUP

2025 MARCH 2024

80,276 - 0.10

177.68

THE COMPANY

MARCH 2025 MARCH 2024

N'000

B0,276

Change

Consolidated And Separate StatemenM Of Proflt Or Loss And Other Co‹nprehenslve Income

For Trs Year Ended 31st Mamh 2d25

3Months to 3konths to

31st Maren 2094 3Est Mareh. 20M

list May. 20a 3Ist Mer. 2024

80Ll9

N'000

B0,276

N’000

io.ssg

N’000

N'000 N'000

80,278

C05t Of 6aIetB

Distridu£ion expeves

RgSUlt9 fr0m operating aotiv ties

W8XdttOD

Homers of The Parent Non Controlling Interest

fT6.0S3)

(4O,9M) 6292S

(RT95 (1b

(401)

27,723

{IB.860) (74,O1S}

f59.187) (11 831)

{58.660j

PPE 50 ITOBO SHARE OATA

Pfofit /Loss per share ( kobo)

f0.002)

f0.002)

f0.002) (0.012)

(0.017)

Note: The noies on pages 7 to 25 form an Inegrai part of thesg financial statements

Consolidated And Sepa rate Statement Of Financial Pos4‹on is 4t list A4arch 2025

Total prrenf *iaDiTities.

Mayeki

NIM/0DD0O011473

Statement o/ Changes in EQulty

At 31st Perch 2025

s!'are

conuottlng T•tai

otal Trteresl eQuiTy

f?OOO

N'0O0 N'0OO N’Q0O

N’000 N’000 N’000

a: 1 st April , 2023

Proti/LOss f0r the year

110,OI

11O,OOO

1/USB 681.883

f48o843) 482598 4¿331

I40,1Y6) (40.178) 27.723

523.929

Staemenc of Changes in EqHiry

At 31 March 2025

THE GROUP

THE COMPANY

N'000

22.060

â9,29S

401

Net caah flows gonorah2d from Operating activities

Purchase of property, plant and equipment

Net cash used in financing activities

?,513

(U,357

(45B6

3,249

975

8,810

6

THOMAS ¥/YATT NIGERIA PLC

heY slandards, amendmenfs and inlerpetations issuerl hut not yet effective {Cont'd)

IFRS 1f Insurance Contracts |1 January, 2023} Cont'd

Tnis information gives a day s for users of Iinanci8l statement to assess tha effects lhat tke insurance c0ntracls have on the entity's financiai p0sition, financial aerforrrance and cash fa1s. Tile standard does not mpacl tf•. Company' in any may as lhe Corrr« y does not srgsge in insurance business.

9UNM/tRY OF SIGNIFICANT ACC0U?iTI5G POLICIES

1. Basis 0I preparati0n

   The fi.Manual slaternenis fiava been prepared on hist0riral cos! basls excerl for ceriain assets that are measured ai fair vaiue as explained in the accounting policies below:

   Revenue recog«Nori

   Rzvenua is recognized at the fair value of the oonsideratipn renewed or receivable, and repr°.senls amoun[s receivable for printing jobs dorle. excluding relcms. trade d‹ a »ls and Tal a added lax. A sql.° is iecogn.red when controJ of the product has franafered to the customers.

   iii Finance income

   Financ°. incorr'e is made up of interest income on sion-term oepos4s wilh banks, dividend income. changes in ihe

   lalr value of 4nonciaf assets at fair va|ue through pr0fil or loss and foreign exchanges gains

   inner°.st income is recognised Using lhe effectiye irlemst mehad. When a loan acd rereIvabl.•. is impaled. t Company reduces the carrying amount to Els recoverable amount being lhe eslimaled future cash £oY/ discoJnled at the ofiginal eflective nteresl rate of!!je inslrument arld con0nues unwinding lhe discount aa Jntsest income |nterest incomg on mpaired loan and rer°.ivabIes are recognised using lhe original effeciive interest rate.

   Borrowing costs directly aitributab[e Io the acquisJlion, construction or production of qualifying assets, whl0h 3re asseis that necessarily laka a substantial pahob of lixv ie gel ready for lheir irter›ded use or sale, are adds lo tne cos! ct those asseis, Mnti| such lirrie as the assets are subslanhally ready fo• their inlerded tee or sale.

   Inves!men 'ncome earned on lie Iemporar' inveslmenl of specif‹C borrowings reading heir expei1di(ure on qua1ifying aesets is deducted from lhB a0r£Oxno Noels eligible for Capitalization. All other bofr0wing cells Bie recognized in pioIi or loss in the period irt which they are incurred,

   Property, plant and equipment

   Properly and equipment including Owner occupied poperry afe initially staled al cos' wfiich inciudes the purchase priGes as weJl as any costs directly al1ributasle ‹o bringing the assel lo lie location and condition necessary !0I il to be capable of operaling in the manner invaded by nanagemenl. Tha cost of Leasehold land and building was determined by reference to a previous GAAP revaluation (carried out on Jvne 23, 2005).The company eleuled to apply the optional e›empton lo use lh!s previous rev81ua!ion as deemed cost al j April Zd11, the date gf transition

   rrel inilial recognition. Leasehold Land and buikIing ale 80bSequently measured at fair value YibiIe other assels are subsequeniJy slated at cost less accumulated d9pmcialion and accumulated impairment losses. Replacement or major inspection casks are capitalized when incorfgd And if il is probable lhal future economic benefits associated whh Ihe item will flow lo Ihe en!i!y and e ccsl of the item can be measured zliably. Depreciation is provided in a s[raiqht line basis over lI•e useful ives •f lie following Glass.°s of assets:

   9

   THOMAS wYATT ¥IGERIA PLC

   gPks'tn the Financial Stztemanls

   v Property, plant and equipment (Cont'd}

   Asset Class Period

   Fumilure and FitIirts years

   Motor vehicles 4 years

   Offce eguiprrenl 0 years

   Plant at Macs red TO yeafs

   Building 50 years

   Leasehold Gen10 '/ears

   The assail” residual veiues, and useful lives aha eelfiod of depreciation are ravished and adjusted, JI apptopnate. al

   each fnalue: year end FIBd adjusted pf0S§cCl!vefy, if appoptiale.

   imrairm=nI revie'>s are performed men lhere a›e indicators lhat lhe carping va‹ce may not be recoverable Impairment losses are recognlzed in lhe income statement as an expense An item of property and equipment is dereaynized upcn disposal or when no further futufe economic benefits are expected from ils use or disposal. Any

   Main or Ions arising on d-°recoyni{ on of me asset lcalculated as dmerence between the net disposal proceeds and the cargin# an1cunI of thg 6B68t) is induded in the Irooue scale Tlean1 in the year Iha assel is deracognized.

   vt lnventorles

   lni/enl0riea BU slated at the l0•/.•f Of cost and e$|irn819d fr2t 48llS8bl9 cdl19 COSTS C0MPfl60 âl/8Ct N61Ba3U C9sfs aott site apptcane. di‹ec acui ross ml those rmea'h to*he been nued n b in9 A meNoa to heii pres=-nl location and condition. Cost is calc laisd using the weighed average method. NEW realizable vclue represents lhe estimated selling p ice ess all estimated cosls of completion and costs to be incurred in rna xeiing, selling and distribution.

   Spare parh and servicing °.quIfiment are usually carried as inventory and recognized in profit Or I0sS as ccrsumed. H0x'ey6r, major spare part3 Bad sland by eg lament qualify as property, plant and eqvipm=nt when the Company expects to use lhem dunng more lhan one period. Sinilar|y, if the spare parts and 5ew]cing equipmenl can be t;Eed only u conr›eclion with an ilem of property. plant and equipment, they are accovnled for as property, planl end equipment. Svch classifed spares are depr‹'ciated as properly, planl anJ equipmertl over the useNI life on 3 Straigh[ line basis. Good-in-transit are carried al puicl ase cost io dale

   1. Leases - Lease assets

      The company engages majoriy on finance leases in hich it assumes, substantially all the risks and rewards of

      o neisnip.

      In acc0rñancE wit.1 IAS 17. fhe corripany capitalises assels financed lhrough Finance leases where r lease arrangement transfers lo lie company subsfantiafy all of the rewards and risks of enership. Lease arrangements are evaluated Dased pan tre following criteria:

      * the iease term in relation la Ihe assels' usekl lives,

      ^ ln0 t0I8l fMlUfB 8/IflgFIS in relatl0n IO jhB fa[I V9IUe OF iI!6 ñFl8ftC9d 8S£0IS;

      • existence of transfer of ownership;

      • existence of favourable purchase option; and

      specrfcily of lhe leased asset.

      Upon iniâal iec0gnilien the !eased asset is measuel at an amount equal to the lower of ils fair value and the pr.•senI value of lhe minimum lease qaymenls. Subsequenl fo initial recognilion, the asset is accounted for in accordance with The accoun!ing policy app[IcabIe to fhal asset. The cortespondino lease obligalions excluding finance char§eS are included in current or long term financial liabilities as applicable.

   2. Financial instruments

   1 itial recognition and measurement

   THOMAS WYATT PIGERIA PLC

   lyotes io,the Fi»ancizI Statements

   For. tfa'ceriod érded 31 March, 3025

   Financial instruments are fnitialJy recognised linen the Company becomes a party lo the contrac!ua. Pro' isions Of

   the instruments.

   Financial nstrumen!s earned at fair value ihi0ugh profit Or I3ss are initially recogn:sed d[ fair value 'with (ransaction costs Y9ich are directly ailribulahlg t0 ltte acquisition or issue Of lhe fnancial nslruments, being reccg 1990 !hf0uqh proN or loss. Fi a cial inslrurrents riol carried at fair value throw gh firofit oi loss are iriiliaI|y meas r°.d at fair yalue plus lranszrti0n cosh lha' a‹e directly a:Iributable 10 the acquisik0n of •ssue 0' BE fina ciaI inslnJmen1s.

   Subseqvciit measurement

   Subseq eel to initial measurement, i:ñanGlsI in6Irumen's ara measured dt either arrtol1ised cc*ls or fair vplu8 depending on the ciassification category

   Classification of financial assets

   financial assets

   Subs°.q•gnt io iniiiaf reco9nilDFI, all financial assets ai measures al”

   ' amolsed costs

   • ia!r value through wider comprehensive intone (*VTDCU

   • fa:r value 1hfou9 gf0rt or loss (FrTPL

     Financial assets cIassi‹d at smortfsed cost

   • The financial ass°.t is held vilhin a h ainass model whose ebieotlve

     hold fine lciu' assets to

   cu)!uct c on z.actual cash Io'z/s and

   ' The eontractuaT tet/ns of the fi•ancial asset give r1s- on speclfied daes to cash hoY•s that are solely payments of p incipat arid interest on be prlncipa! amount outstanding.

   Financial assets classifJex at lair value through other comprehensive incoma

   The assel is heif within a UI sins*.s muvlJoso ob-ectlve i•i achieved by boti collecting contractual

   cash flows and selling nancial assets; and

   The contractual terms of tñ• financial a9set give risa on spocif'ed dates to cash flows that are solely

   payments of princ'paI and :ntermst on tne principal amounf ou'sanding

   Financial assets cbsslfle0 at fair value through profit or loss

   F-i iuric ial ass etc In ar dO nat meet the cr\ er la .or am crt i*?d cot ur FVOC I ar e meas ure d a t fair v al e I hroughp rof'T or

   £hringh pI ofit or loss and it ¿pt pa rt of a he dglng relatinnsh•p is Incl o dmd dirt cIIy i n [hear of L or loss anci report sd a s '£JeT ra dung income' n the ger iqd in wjjr; h it arise* IntetesT Inca rr.e +roT Ihe se !Inanr‹a asse• s is ecognised i' proiit or less os 'Interest ncome'.

   The Company may irrevocably designate a debt inveslrrent tram needs ate emorlised cost or F/T0CI ‹rkra as

   measured a! F/TPL if point so etirriflates cr signiticanljy reduces an accounting miamalch.

   Cash 6fld C66h 8gIJlYaI9r\

   Cesh and cast equ!vaIenl comprise cash on hand, sash balances v*lF banks and call deposits wilh a iginaI

   I ta[urilies of three months or less.

   11

   THOMAS MATT NIGERA PLC

   ix. Provisions

   Provisions.are recognized when the compar'y has a present obligalion (IEgal or conslrvctiYe) as a resull of a past evenl and il i9 probable 1hal company will be requ red to seLle the obIigaI'ipn and a reliable eslirriate ‹at f+ made of 'he amounl of the obligation. Provisions for restrucluring cosis are recognized when the eepany I as a.detaiisd

   !ormaf plan for the .estruWring that rias 6een communicated to affede0 parties. YAen some or all of me economic

   bene§ts required IO seIt|e a provlsion arg expected lo re e‹oveted from a third pally, a receivable is recognized 3s an asset if il is virtually certain that reimbursement will oe received and lhe amQunl of the. feceivable. can be Provisions are not recognized ior future operating iossss.

   Finance cost

   Finance costs comprise unwinding of the discount on pr0visions and inlaresl. expenses on borrowings (excepl inlcresl expenses t1Bl are directly altnbutable to Ihe aCquisition, Construction or production of a oualifying aesal wtiich are capitalised .as part.of lhe related assets) and.are recognised in profil or loss.using the effe'c1Ive interest method.

   1. Equify rnovemeals

      Ordlnsry share caplfal

      The Company has Iss.ued ordinary shares:lha1 are ñ|assified aS equily instruments. lncremerjlal external costs.lhat

      .ale dii.gc1ly atlribu1abl8 to the issue ol ltiese..shares.are° res0gnlzed In equily, net of tax.

      ' Di?idcrJs-on.Ordinary share capital

      Dilfdends. on ordinary shares are recognized as a I bilily art deducle£ from equity whelk thy are.approved by the

      Company's shareholders. Inleiim divi‹Jerds arc de‹lucled from equily /hcn lhey. ara said.

      ' Dividends for lhe ye'ar thal Are appréved.after Ihe rep.arting dale are dealt vlth as an event a•ter Ue rePorling #•le,

      Treasury share moverriefils

      Wtter*e fhe Company bfChase its equity shara capital; Ih° consideiaao paid is.deducted from.total.sh"âiefiolder’

      equily as Ifeasufy shares unlil !hey sre cancelled. Where such shales are subsequenIy sold or reissued, any

   2. Cash and cash equivalents

   Cash and caste equivajenfs compose casr on hand and de er'd deposits, together mill Other sh0n-term, highly liquid inyeslrr nts Ihat ark.readily cenyertio|e int0 knov/n arnpun[S 0f Cash aild. which are subject lo. all in significant risk of changes in value.

   xJII

   Foreign curency

   Funcional and presentation curienc y

   These fnanCial slalements ate preserved in the Nigena Hai‹a (=N=), whi is 'Ihe company's functional currEn'cy. Ail

   financial infornBlion prRSented in Naira has men rounder to Cha:nearest Ifiovsand.

2. Transactlons and balaiices

Foreign ‹currency transactions are lransialed info lhe'functional.currency.us'ng:the exchange rales.prevailing al lhe dales of ltte L antaclions: Fof9ign exchangg gains and I0sses resulñng from the.seitIeffl9nl cf suCh transactions and from lv IransIa§on.at year-end eschar›se ‹ates of. me•ej y assets and liabilifias denominated in foreign cuiare reCognised'in the profit.or loss.

Foreign exchange gains and loss as relaflng to borrowlngs and cash ant cash equlvalents ara Aresenlcd in the income s'aleuient with.n ’finance income or finance cost’. AU olher foreign exchange gairs and losses are presented in the âtatamant of profil or i0ss xitnin ’Olher opeiaiing income. or ’Olher operatlng expense'.

15