1
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2026
The Directors of Tripple Gee & company PLC are pleased |
to announce the unaudited results of the company's operation for |
the for year ended 31st March, 2026. |
UNAUDITED RESULT FOR THE YEAR ENDED 31ST MARCH 2026 | |||
STATEMENT OF FINANCIAL POSITION | |||
ASSETS NON-CURRENT ASSETS PROPERTY PLANT & EQUIPMENTS…1 INTANGIBLE ASSETS OTHER INTANGIBLE ASSETS INVESTMENTS IN ASSOCIATES TOTAL NON CURRENT ASSETS CURRENT ASSETS INVENTORIES… 2 TRADE RECEIVABLE… 3 OTHER CURRENT ASSETS CASH AND CASH EQUIVALENTS TOTAL CURRENT ASSETS TOTAL ASSETS EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY SHARE CAPITAL RETAINED EARNINGS B/F RETAINED EARNINGS-PERIOD OTHER COMPONENTS OF EQUITY EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY NON CONTROLLING INTEREST TOTAL EQUITY LIABILITY NON CURRENT LIABILITIES LONG TERM BORROWINGS LONG TERM PROVISION TOTAL NON CURRENT LIABILITIES CURRENT LIABILITIES TRADE & OTHER PAYABLE SHORT TERM BORROWINGS CURRENT TAX PAYABLE SHORT TERM PROVISIONS TOTAL CURRENT LIABILITIES TOTAL LIABILITIES TOTAL EQUITY & LIABILITIES | UNAUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2026 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2025 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2024 |
N'000 | N'000 | N'000 | |
3,124,968.00 | 3,281,285.00 | 3,701,163.00 | |
92,215.00 | 92,215.00 | 95,594.00 | |
5,271.00 | |||
- | - | - | |
3,222,454.00 | 3,373,500.00 | 3,796,757.00 | |
1,926,206.00 | 1,149,977.00 | 1,319,485.00 | |
344,285.00 | 65,528.00 | 347,779.00 | |
730,184.00 | 882,028.00 | 876,410.00 | |
40,629.00 | 5,979.00 | 1,759.00 | |
3,041,304.00 | 2,103,512.00 | 2,545,433.00 | |
6,263,758.00 | 5,477,012.00 | 6,342,190.00 | |
494,953.00 | 494,953.00 | 247,477.00 | |
(1,393,930.00) | 239,032.00 | ||
3,733.00 | (1,393,930.00) | 239,032.00 | |
634,934.00 | 71,644.00 | 319,121.00 | |
(260,310.00) | (588,301.00) | 805,630.00 | |
- | - | - | |
(260,310.00) | (588,301.00) | 805,630.00 | |
2,689,014.00 | 3,292,079.00 | 2,922,946.00 | |
- | - | - | |
2,689,014.00 | 3,292,079.00 | 2,922,946.00 | |
1,321,651.00 | 1,139,618.00 | 1,570,659.00 | |
2,404,659.00 | 1,277,120.00 | 976,627.00 | |
58,954.00 | 245,165.00 | 33,125.00 | |
49,790.00 | 111,331.00 | 33,203.00 | |
3,835,054.00 | 2,773,234.00 | 2,613,614.00 | |
6,524,068.00 | 6,065,313.00 | 5,536,560.00 | |
6,263,758.00 | 5,477,012.00 | 6,342,190.00 | |
The Financial Statement was approved by the Board of Directors on 24th April, 2026 and signed on its behalf by;
MR. ADEWALE SONAIKE | MRS. ADEBIMPE GIWA | MR. SAMUEL IDOWU AYININUOLA |
AG. FINANCE DIRECTOR | GROUP MANAGING DIRECTOR |
FRC/2013/ICAN/00000002781 | FRC/2020/002/00000022342 |
CHAIRMAN |
FRC/2016/ICAN/00000015248 |
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST MARCH 2026 | |||
UNAUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2026 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2025 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2024 | |
TURNOVER…7 COST OF SALES…8 GROSS PROFIT OTHER OPERATING INCOME DISTRIBUTION & ADMINSTRATIVE EXPENSES…9 OPERATING PROFIT FINANCE COSTS PROFIT/(LOSS) BEFORE TAXATION TAXATION PROFIT/(LOSS) AFTER TAXATION OTHER COMPREHENSIVE INCOME FOR THE YEAR TOTAL COMPREHENSIVE INCOME FOR THE YEAR NET OF TAX EARNINGS PER SHARE [KOBO] | N'000 | N'000 | N'000 |
2,237,713.00 | 1,822,909.00 | 2,202,687.00 | |
(1,133,416.00) | (1,736,380.00) | (1,392,094.00) | |
1,104,297.00 | 86,529.00 | 810,593.00 | |
1,783.00 | 17.00 | 11.00 | |
(778,767.00) | (889,154.00) | (565,131.00) | |
327,313.00 | (802,608.00) | 245,473.00 | |
(321,981.00) | (573,754.00) | (227,460.00) | |
5,332.00 | (1,376,362.00) | 18,013.00 | |
(1,599.00) | (9,115.00) | 11,013.00 | |
3,733.00 | (1,385,477.00) | 7,000.00 | |
- | (8,454.00) | - | |
3,733.00 | (1,393,931.00) | 7,000.00 | |
0.38 | (0.14) | 1.41 | |
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH 2026 | |||
UNAUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2026 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2025 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2024 | |
N'000 | N'000 | N'000 | |
NET PROFIT BEFORE TAXATION | 5,331.00 | (1,376,362.00) | 18,013.00 |
NET CASH GENERATED FROM OPERATING ACTIVITIES | 162,374.00 | (335,539.00) | 631,026.00 |
CASH FLOW FROM FINANCING ACTIVITIES | (278,768.00) | 369,133.00 | (386,518.00) |
CASH FLOW FROM INVESTING ACTIVITIES | 151,044.00 | (29,374.00) | (255,483.00) |
NET (DECREASE)/INCREASE IN NET CASH & CASH EQUIVALENTS | 34,650.00 | 4,220.00 | (10,975.00) |
CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD | 5,979.00 | 1,759.00 | 12,734.00 |
CASH/BANK BALANCE AT THE END OF THE PERIOD | 40,629.00 | 5,979.00 | 1,759.00 |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH, 2026 | ||||
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 March 2 | - | - | - | (1,393,930) | (1,393,930) |
Dividend Paid | - | - | - | - | - |
Balance - 31st March 2025 | 247,477 | 115,663 | 203,458 | (1,154,899) | (588,301) |
Bonus share | 247,476.00 | (115,663) | (131,814) |
Profit Before Tax For 31st March 2026 | - | - | - | 5,331 | 5,331 |
Dividend Paid | - | - | - | - | - |
Prior Year Adjustment | - | - | - | 322,658 | 322,658 |
Balance - 31st March 2026 | 494,953 | - | 71,644 | (826,910) | (260,312) |
NOTES TO THE ACCOUNTS | ||
UNAUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2026 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2025 | AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2024 |
N'000 | N'000 | N'000 |
-
PROPERTY, PLANT & EQUIPMENTS
LAND & BUILDING
PLANT & MACHINERIES
OFFICE FURNITURE & FITTINGS
MOTOR VEHICLE
LOOSE TOOLS/LAB EQUIP
COMPUTERS/OFFICE EQUIPMETNS
860,850
844,346
852,622
2,221,206
2,379,782
2,734,283
15,719
12,009
20,339
22,829
39,663
70,907
549
1,363
2,508
2,933
3,121
20,504
3,124,086
3,280,285
3,701,163
1,469,644
1,026,182
350,949
17,374
17,374
17,374
214,856
83,457
73,111
77,715
66,699
877,440
1,046
611
146,615
(44,780)
-
1,926,204
1,149,978
1,319,485
INVENTORIES RAW MATERIALS WORK-IN-PROGRESS FINISHED GOODS
RAW MATERIALS IN TRANSIT DIESEL
INVENTORY ASSET
3. TRADE RECEIVABLES |
TRADE DEBTORS |
OTHERS (GAMBBOU) |
344,285 | 65,527 | 340,244 |
- | - | 7,535 |
344,285 | 65,527 | 347,779 |
1,896 | 2,826 | - |
1,800 | 289,814 | 274,175 |
45,760 | 201,379 | 161,218 |
310,630 | 367,783 | |
- | 77,379 | 73,234 |
49,456 | 882,028 | 876,410 |
4. OTHER CURRENT ASSETS STAFF LOANS WITHHOLDING TAX PREPAYMENTS
DEFERRED INTEREST
MACHINE SPARE / PARTS IN TRANSIT
5. CASH & CASH EQUIVALENTS |
AT BANK |
IN HAND |
40,629 | 5,947 | 1,659 |
32 | 100 | |
40,629 | 5,980 | 1,759 |
306,375 | 222,526 | 332,532 |
89,456 | 65,867 | 32,395 |
12,654 | 12,654 | 5,757 |
- | 582,663 | 314,488 |
501,546 | 214,748 | 885,487 |
- | 25,227 | - |
32,573 | - | - |
6,697 | 15,933 | - |
949,301 | 1,139,618 | 1,570,659 |
TRADE & OTHER PAYABLES TRADE CREDITORS
STAFF PENSION UNCLAIMED DIVIDENDS DEPOSIT BY CUSTOMERS
OTHER CREDITORS & ACCRUALS ACCRUED INTEREST: BOI LOAN ACCRUED SALARIES
ACCRUED EXPENSES &CIT
585,654
631,763
1,254,454
1,618,852
1,191,146
948,233
33,207
2,237,713
1,822,909
2,202,687
TURNOVER PRINTING SERVICES PACKAGING COMMERCIAL
632,785
238,033
458,522
128,517
584,132
376,693
55,099
127,290
110,792
27,413
43,296
11,137
80,576
119,226
76,037
-
200,000
-
24,317
14,609
8,129
9,872
29,217
16,258
285
7,304
4,065
3,326
21,913
12,194
171,226
351,361
318,267
1,133,416
1,736,381
1,392,094
- COST OF SALES
RAW MATERIALS CONSUMED SERVICES
SALARIES & WAGES REPAIR & MAINTENANCE ELECTRICITY & POWER LOSS ON INVENTORY TRANSPORT & TRAVELLING PRINTING & STATIONERY TELEX & TELEPHONE POSTAGES & COURIER DEPRECIATION
9. DISTRIBUTION & ADMIN EXPENSES |
SALARIES & WAGES |
DIRECTORS REMUNERATION |
GRATUITY |
PENSION CONTRIBUTION |
POWER |
REPAIRS & MAINTENANCE |
DEPRECIATION & AMORTISATION |
GENERAL ADMIN EXPENSES |
148,362 | 171,227 | 125,244 |
20,730 | 27,641 | 27,533 |
- | 13,477 | 7,570 |
18,353 | 18,684 | 14,565 |
24,317 | 47,409 | 36,835 |
198,507 | 23,718 | 16,604 |
35,037 | 92,815 | 78,489 |
333,461 | 494,181 | 258,291 |
778,767 | 889,153 | 565,131 |
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
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 31 March, 2026 and 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 & Company Plc
Company Name: Tripple Gee & Company Plc
Board Listed Main
Year End March
Share Price at end of reporting period N4.26 (2025: N4.26)
Shareholding Structure/Free Float Status
Description
31-Mar-26
31-Mar-25
Unit
%
Unit
%
Issued Share Capital
989,906,400
100%
989,906,400
100%
Substantial Shareholdings (5% and above)
Estate of Giwa Gani Gbade
328,875,644
33.22%
328,875,644
33.22%
Tigon Industries Ltd
111,297,594
11.24%
111,297,594
11.24%
An-Bos Oil Nigeria Ltd
88,455,626
8.94%
88,455,626
8.94%
Total Substantial Shareholdings
528,628,864
53.40%
528,628,864
53.40%
Directors' Shareholdings (direct and
indirect), excluding directors with substantial interests
Chief (Mrs) Adebimpe Giwa (Indirect -Representing An-Bos Oil Nigerian Ltd)
--
--
--
--
Chief (Mrs) Adebimpe Giwa (Direct)
5,442,990
0.55%
5,442,990
0.55%
Mr Sam Idowu Ayininuola (Direct)
38,274,912
3.87%
38,274,912
3.87%
Total Directors' Shareholdings
43,717,902
4.42%
43,717,902
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%
417,559,634
42.18%
Free Float in Value
₦ 855,997,249.70
₦ 855,997,249.70
Declaration:
Tripple Gee & Company Plc with a free float percentage of 42.18% as at 31 March 2026, is compliant with The Exchange's free float requirements for
Tripple Gee & Company Plc with a free float percentage of 42.18% as at 31 March 2025, is compliant with The Exchange's free float requirements for SUMMARY OF ACCOUNTING POLICIES
Basis of Accounting
The Financial Statements have been prepared in compliance with International Financial Reporting Standards (IFRS) issued by International Accounting The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to
Depreciation
Depreciation on Fixed Assets has been calculated on straight line basis based on useful life of each assets.
The rates used are as follows: -
%
Land
Nil
Building
2.5
Plant and Machinery
10
Motor Vehicle
25
Loose Tools/Lab Equipment
20
Furniture and Fittings
12.5
Computer
25
Inventories
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
Turnover
Turnover represents revenue from the sales of goods and services invoiced to the third parties during the period.
Contingent Liabilities
In the opinion of the Directors no contingent liability exists.
Foreign currency transactions
Transactions in foreign currency are converted to Naira at the rate of exchange ruling at the date of the transaction.
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