And company plc.- quarter 2 - financial statement for 2025

UNAUDITED FINANCIAL STATEMENTS FOR THE 2NDQUARTER ENDED 30THSEPTEMBER, 2025

UNAUDITED RESULTS FOR THE SECOND QUARTER YEAR ENDED 30TH SEPTEMBER 2025

MRS. ADEBIMPE GIWA

AG. FINANCE DIRECTOR GROUP MANAGING DIRECTOR CHAIRMAN

1. PROPERTY, PLANT & EQUIPMENTS LAND & BUILDING PLANT & MACHINERIES OFFICE FURNITURE & FITTINGS MOTOR VEHICLE LOOSE TOOLS/LAB EQUIP COMPUTERS/OFFICE EQUIPMETNS
2. INVENTORIES RAW MATERIALS SEMI FINISHED GOODS FINISHED GOODS DIESEL = RAW MATERIALS IN TRANSIT
3. TRADE RECEIVABLES TRADE RECEIVABLES OTHERS RECEIVABLES
4. OTHER CURRENT ASSETS WITHHOLDING TAX PREPAYMENTS DEFERRED INTEREST MACHINE SPARES/PART IN TRANSIT OTHER ASSETS
5. CASH & CASH EQUIVALENTS AT BANK IN HAND
6. TRADE & OTHER PAYABLES TRADE CREDITORS STAFF PENSION UNCLAIMED DIVIDENDS OTHER CREDITORS & ACCRUALS DEPOSIT BY CUSTOMERS
7. TURNOVER PRINTING SERVICES OTHER PRINTING SERVICES PACKAGING OTHER PACKAGING

8. COST OF SALES

   RAW MATERIALS CONSUMED SALARIES & WAGES ELECTRICITY & POWER REPAIR & MAINTENANCE TRANSPORT & TRAVELLING PRINTING & STATIONERY TELEX & TELEPHONE DEPRECIATION POSTAGE & COURIER
9. DISTRIBUTION & ADMIN EXPENSES SALARIES & WAGES DIRECTORS REMUNERATION GRATUITY PENSION CONTRIBUTION POWER REPAIRS & MAINTENANCE DEPRECIATION & AMORTISATION GENERAL ADMIN EXPENSES

   NOTES TO THE ACCOUNTS
   	FOR THE	FOR THE	AUDITED RESULTS FOR THE YEAR ENDED 31ST MARCH, 2025 N'000 844,346 2,382,158 13,634 39,663 1,363 121
   	PERIOD	PERIOD
   	ENDED 30TH	ENDED 30TH
   	SEPTEMBER,	SEPTEMBER,
   	2025	2024
   	N'000	N'000
   	838,650	850,012
   	2,274,496	2,575,306
   	11,671	18,170
   	29,537	79,673
   	791	1,936
   	344	20,264
   	3,155,489	3,545,361	3,281,285
   	1,017,333	757,861	981,401
   	17,374	17,374	17,374
   	83,457	57,193	83,457
   	620	5,532	1,046
   	-	346,552	66,699
   	1,118,784	1,184,512	1,149,977
   	201,653	117,705	65,527
   	-	-	-
   	201,653	117,705	65,527
   	290,186	284,077	289,815
   	39,083	177,663	204,204
   	379,402	339,206	310,630
   	-	93,391	77,379
   	113,721	3,143	-
   	822,392	897,480	882,028
   	5,798	3,309	5,947
   	-	78	32
   	5,798	3,387	5,979
   	259,277	378,401	222,526
   	82,883	48,611	65,867
   	12,654	5,777	12,654
   	234,503	105,011	255,908
   	781,573	312,743	582,663
   	1,370,890	850,543	1,139,618
   	288,847 -639,337	328,948 -652,010	631,763 1,191,146
   	-	-	-
   	928,184	980,959	1,822,909
   	376,394	373,092	1,022,164
   	64,279	74,580	127,290
   	38,681	69,510	119,226
   	22,515	16,158	43,296
   	9,194	1,547	14,609
   	10,726	-	29,217
   	3,065	-	7,304
   	114,634	159,898	351,361
   	7,661	-	21,913
   	647,149	694,785	1,736,380
   	79,521	75,431	171,227
   	13,821	15,621	27,641
   	8,322	3,785	13,477
   	9,448	9,008	18,684
   	11,785	22,127	47,409
   	9,912	8,201	23,719
   	23,162	38,975	92,815
   	153,551	167,389	494,182
   	309,522	340,537	889,154

   1. SECURITY TRANSACTIONS BY DIRECTORS

      CONFIRMATION OF COMPLIANCE WITH PROVISIONS OF RULE17.15 (d)

      We hereby affirm that, there is no contravention to the provision of Rule 17.15 (d) of the Rulebook of the Exchange, 2015. The company has adopted a code of conduct regarding securities transactions by its directors on terms no less exacting than the required standard set-out in these Rules. We have made specific enquiries from all our directors and thus confirms that there is full compliance with the required standards as set out in the listing rules and the issuer's code of conduct regarding securities transactions by the Directors.

   2. CONFIRMATION OF COMPLIANCE WITH PROVISIONS OF ISSUERS' RULE SECTION 1.1.1 ON FREE FLOATING STATUS

      Tripple Gee & Co. Plc with a free float percentage of 42.18% as at 30th September, 2025 is in compliance with section 1.1.1 of the Issuers' Rules for Companies listed on the main Board of the Exchange free float requirements, as per attached statement of the shareholding structure/free float status.

      Tripple Gee & Co. Plc with a free float percentage of 42.18% as at 30th September, 2024 is in compliance with section 1.1.1 of the Issuers' Rules for Companies listed on the main Board of the Exchange free float requirements, as per attached statement of the shareholding structure/free float status.

      Company Name:

      Tripple Gee & Company Plc

      Tripple Gee & Company Plc

      Board Listed Main

      Year End March

      Reporting Period

      Share Price at end of reporting period

      Shareholding Structure/Free Float Status

      Half Year Ended 30 September 2025

      N5.60 (2024: N2.27)

      Description	30-Sep-25		30-Sep-24
      	Unit	Percentage	Unit	Percentage
      Issued Share Capital	989,906,400	100%	494,953,200	100%
      Substantial Shareholdings (5% and above)
      Estate of Giwa Gani Gbade	328,875,644	33.22%	164,437,822	33.22%
      Tigon Industries Ltd	111,297,594	11.24%	55,648,797	11.24%
      An-Bos Oil Nigeria Ltd	88,455,626	8.94%	44,227,813	8.94%
      Total Substantial Shareholdings	528,628,864	53.40%	264,314,432	53.40%
      Directors' Shareholdings (direct and indirect), excluding directors with substantial interests
      Chief (Mrs) Adebimpe Giwa (Indirect -	--	--	--	--
      Chief (Mrs) Adebimpe Giwa (Direct)	5,442,990	0.55%	2,721,495	0.55%
      Mr Sam Idowu Ayininuola (Direct)	38,274,912	3.87%	19,137,456	3.87%
      Total Directors' Shareholdings	43,717,902	4.42%	21,858,951	4.42%
      Other Influential Shareholdings
      		0.00%		0.00%
      		0.00%		0.00%
      Total Other Influential Shareholdings	0	0.00%	0	0.00%
      Free Float in Units and Percentage	417,559,634	42.18%	208,779,817	42.18%
      Free Float in Value	₦ 2,338,333,950.40		₦ 496,895,964.46

      Declaration:

      1. Tripple Gee & Company Plc with a free float percentage of 42.18% as at 30 September 2025, is compliant with The Exchange's free float requirements for companies listed on the Main Board.

      2. Tripple Gee & Company Plc with a free float percentage of 42.18% as at 30 September 2024, is compliant with The Exchange's free float requirements for companies listed on the Main Board.

         SUMMARY OF ACCOUNTING POLICIES

         1. Basis of Accounting

            The Financial Statements have been prepared in compliance with International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board. The Financial Statements are presented in the currency of Nigeria, Naira.

            The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the accounting policies.

         2. Depreciation

Depreciation on Fixed Assets has been calculated on straight line basis based on useful life of each assets.

Inventories are valued at lower of cost and net realizable value. Cost of finished goods comprise direct cost of production together with a proportion of production overhead appropriate to the condition of stock concerned.

1. Turnover

   Turnover represents revenue from the sales of goods and services invoiced to the third parties during the period.

2. Contingent Liabilities

   In the opinion of the Directors no contingent liability exists.

3. Foreign currency transactions

   Transactions in foreign currency are converted to Naira at the rate of exchange ruling at the date of the transaction.

4. Foreign currency translations

Balances in foreign currency at the period ended are converted to Naira at the rate of exchange ruling on that date. All differences arising from the conversion of balances in foreign currency to Naira are taken to the profit or loss account.