Tripple Gee & Company Plc.NSENG: TRIPPLEG

And company plc.- quarter 3 - financial statement for 2025

· Issued by Tripple Gee & Company Plc.
TRIPPLE GEE & COMPANY PLC

UNAUDITED RESULT FOR THE THIRD QUARTER ENDED 31ST DECEMBER 2025

STATEMENT OF FINANCIAL POSITION

FOR THE PERIOD 31st DEC, 2025

FOR THE PERIOD 31ST DEC, 2024

AUDITED RESULT

YEAR ENDED 31ST MAR, 2025

N'000

N'000

N'000

ASSETS

NON-CURRENT ASSETS

PROPERTY PLANT & EQUIPMENT ... Note 1

3,117,885

3,399,516

3,281,285

OTHER INTANGIBLE ASSETS

95,186

92,215

92,215

TOTAL NON CURRENT ASSETS

3,213,072

3,491,731

3,373,500

CURRENT ASSETS

INVENTORIES … 2

1,392,898

1,141,541

1,149,977

TRADE RECEIVABLES … 3

97,875

86,085

65,528

OTHER CURRENT ASSETS … 4

715,624

922,200

882,028

CASH AND CASH EQUIVALENTS … 5

51,185

14,090

5,979

TOTAL CURRENT ASSETS

2,257,582

2,163,916

2,103,512

TOTAL ASSETS

5,470,654

5,655,647 5,477,012

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY

SHARE CAPITAL

494,953

494,953

494,953

RETAINED EARNINGS

(1,592,126)

(515,850)

(1,154,898)

OTHER COMPONENTS OF EQUITY

71,644

71,644

71,644

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY

(1,025,529)

50,747

(588,301)

NON CONTROLLING INTEREST

-

-

-

TOTAL EQUITY

(1,025,529)

50,747

(588,301)

LIABILITY

NON CURRENT LIABILITIES LONG TERM BORROWINGS

2,689,015

3,297,305

3,292,079

LONG TERM PROVISION

-

-

-

TOTAL NON CURRENT LIABILITIES

2,689,015

3,297,305

3,292,079

CURRENT LIABILITIES

TRADE & OTHER PAYABLES … 6

1,301,440

1,076,414

1,139,618

SHORT TERM BORROWINGS

2,418,413

1,184,259

1,277,120

CURRENT TAX PAYABLES

33,834

13,412

111,332

SHORT TERM PROVISIONS

53,481

33,510

245,164

TOTAL CURRENT LIABILITIES

3,807,168

2,307,595

2,773,234

TOTAL LIABILITIES

6,496,182

5,604,900

6,065,313

TOTAL EQUITY & LIABILITIES

5,470,654

5,655,647

5,477,012

(0)

The Financial Statement was approved by the Board of Directors on 26th January, 2026 and signed on its behalf by;



MR. ADEWALE SONAIKE MRS. ADEBIMPE GIWA MR. SAMUEL IDOWU AYININUOLA

AG. FINANCE DIRECTOR GROUP MANAGING DIRECTOR CHAIRMAN

FRC/2013/ICAN/00000002781 FRC/2020/002/00000022342 FRC/2016/ICAN/00000015248

STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 DECEMBER 2025

N'000

N'000

N'000

N'000

N'000

%

CHANGE

-2%

-10%

27%

20%

20%

-42%

32%

-41%

-71%

OCT - DEC 2025

OCT - DEC 2024

31ST DEC, 2025

31ST DEC, 2024

YEAR ENDED 31ST MAR 2025

TURNOVER … 7

515,024

484,392

1,432,031

1,465,351

1,822,909

COST OF SALES … 8

(363,055)

(450,226)

(1,025,890)

(1,145,011)

(1,736,380)

GROSS PROFIT

151,970

34,166

406,141

320,340

86,529

OTHER OPERATING INCOME

17

DISTRIBUTION & ADMINSTRATIVE EXPENSES … 9

(174,114)

(227,198)

(521,482)

(655,323)

(889,154)

OPERATING PROFIT

(22,144)

(193,032)

(115,342)

(334,983)

(802,608)

OTHER GAIN/LOSS

-

-

-

-

-

EXCHANGE RATE DIFFERENCE

-

-

-

-

-

OTHER INCOME

-

1,059

96

(10,740)

(8,453)

FINANCE COSTS

(163,422)

(170,205)

(321,982)

(403,748)

(573,754)

PROFIT/(LOSS) BEFORE TAXATION

(185,566)

(362,178)

(437,228)

(749,471)

(1,384,815)

TAXATION

(2,575)

(5,412.00)

(7,160)

(5,412)

(9,115)

(444,388)

(754,883)

(1,393,930)

PROFIT/ (LOSS) AFTER TAXATION

(188,141)

(367,590)

EARNINGS PER SHARE [KOBO]

(19.01)

(74.27)

(44.89)

(152.52)

(140.81)

STATEMENT OF CASH FLOW FOR THE THIRD QUARTER ENDED 31 DECEMBER 2025

FOR THE PERIOD ENDED 31ST

FOR THE PERIOD AUDITED RESULTS

ENDED 31ST FOR THE YEAR

ENDED 31ST

DECEMBER, 2025

DECEMBER, 2024 MARCH, 2025

N'000

N'000 N'000

NET PROFIT BEFORE TAXATION

(437,228)

(749,471) (1,376,362)

NET CASH GENERATED FROM OPERATING ACTIVITIES

487,842

(295,193) (391,153)

CASH FLOW FROM FINANCING ACTIVITIES

(603,064)

374,359 369,133

CASH FLOW FROM INVESTING ACTIVITIES

160,428

(66,834) 26,240

NET (DECREASE)/INCREASE IN NET CASH & CASH EQUIVALENTS

45,206

12,332 4,220

CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD

5,979

1,759 1,759

CASH/BANK BALANCE AT THE END OF THE PERIOD

51,185

14,091 5,979

Equity Shares

Revaluation

Reserve

Capital

Reserve

Retained

Earnings

Total

N'000

N'000

N'000

N'000

N'000

Balance - 1st April, 2024

247,477

115,663

203,458

239,031

805,629

Profit for the period ended 31st December 2024

-

-

-

(754,882)

(754,882)

Dividend Paid

-

-

-

-

-

Balance - 31st December 2024

247,477

115,663

203,458

(515,851)

50,747

Profit For Jan 1st 2025 to 31st March 2025

-

-

-

(639,048)

(639,048)

Dividend Paid

-

-

-

-

-

Prior Year Adjustment

-

-

-

-

-

Balance - 31st March 2025

247,477

115,663

203,458

(1,154,899)

(588,301)

Profit for the period ended 31 December 2025

-

-

-

(437,228)

(437,228)

Dividend Paid

-

-

-

-

-

Balance -31st December 2025

247,477

197,886

121,235

(1,592,127)

(1,025,529)

STATEMENT OF CHANGES IN EQUITY FOR THE THIRD QUARTER ENDED 31ST DEC, 2025

NOTES TO ACCOUNT

2025

2024 AUDITED RESULT

31ST DEC 2025

31ST DEC 2024 YEAR ENDED 31ST

MAR 2025

1. PROPERTY, PLANT & EQUIPMENTS

N'000

N'000 N'000

LAND & BUILDING

860,851

847,148 844,346

PLANT & MACHINERIES

2,217,694

2,469,469 2,382,158

OFFICE FURNITURE & FITTINGS

13,499

17,072 13,634

MOTOR VEHICLE

24,964

45,348 39,663

LOOSE TOOLS/LAB EQUIPMENT

549

1,645 1,363

COMPUTERS

329

18,834 121

3,117,885

3,399,516

3,281,285

2. INVENTORIES

RAW MATERIALS

1,084,694

801,582

981,401

SEMI FINISHED GOODS

17,374

17,374

17,374

FINISHED GOODS

214,864

38,677

83,457

DIESEL

-

1,067

1,046

RAW MATERIALS IN TRANSIT

75,966

282,841

66,699

1,392,898

1,141,541

1,149,977

3. TRADE RECEIVABLES

TRADE DEBTORS

97,875

86,085

65,528

OTHERS RECEIVABLES

-

-

-

97,875

86,085

65,528

4. OTHER CURRENT ASSETS

WITHHOLDING TAX

295,694

288,438

289,815

PREPAYMENTS

40,278

231,465

204,204

DEFERRED INTEREST

305,868

324,918

310,630

MACHINE SPARES/PART IN TRANSIT

73,784

77,379

77,379

OTHER ASSETS

-

-

-

715,624

922,200

882,028

5. CASH & CASH EQUIVALENTS

AT BANK

51,185

14,059

5,947

IN HAND

31

32

51,185

14,090

5,979

6. TRADE & OTHER PAYABLES

TRADE CREDITORS

284,321

292,287

222,526

STAFF PENSION

89,456

57,319

65,867

UNCLAIMED DIVIDENDS

12,654

12,866

12,654

OTHER CREDITORS & ACCRUALS

109,004

401,275

255,908

DEPOSIT BY CUSTOMERS

806,005

312,667

582,663

1,301,440

1,076,414

1,139,618

7. TURNOVER

PRINTING SERVICES

410,642

494,971

631,763

OTHER PRINTING SERVICES

33,207

PACKAGING

988,182

970,380

1,191,146

OTHER PACKAGING

-

-

1,432,031

1,465,351

1,822,909

8. COST OF SALES

RAW MATERIALS CONSUMED

562,741

660,660

1,022,164

SALARIES & WAGES

105,074

102,233

127,290

ELECTRICITY & POWER

57,028

93,067

119,226

REPAIR & MAINTENANCE

28,294

31,736

43,296

TRANSPORT & TRAVELLING

22,336

1,586

14,609

PRINTING & STATIONERY

32,489

215

29,217

TELEX & TELEPHONE

16,244

-

7,304

171,227

30,458

255,514

-

351,361

21,913

1,025,890

1,145,011

1,736,380

108,235

122,014

171,227

20,731

24,231

27,641

10,760

8,280

13,477

13,997

13,936

18,684

18,829

29,817

47,409

20,201

9,583

23,719

35,038

70,444

92,815

293,693

377,017

494,182

521,482

655,322

889,154

DEPRECIATION POSTAGE & COURIER
  1. DISTRIBUTION & ADMIN EXPENSES SALARIES & WAGES DIRECTORS REMUNERATION GRATUITY PENSION CONTRIBUTION POWER REPAIRS & MAINTENANCE DEPRECIATION & AMORTISATION GENERAL ADMIN EXPENSES

  2. 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.

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