NESTLE Income Statement - TTM - Nestlé Nigeria Plc

Income Statement (TTM)

Nestlé Nigeria Plc Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	285,421	287,084	304,012	317,499	335,942	351,822	374,790	402,833	423,704	446,819	464,564	486,138	509,939	547,119	602,633	692,321	815,817	958,815	1,070,215	1,132,962
Change (%)		0.58	5.90	4.44	5.81	4.73	6.53	7.48	5.18	5.46	3.97	4.64	4.90	7.29	10.15	14.88	17.84	17.53	11.62	5.86
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	163,562	167,873	181,716	192,691	205,465	219,986	234,454	257,225	275,873	291,054	300,389	303,244	311,295	329,974	388,072	455,207	552,524	652,544	693,292	729,043
Change (%)		2.64	8.25	6.04	6.63	7.07	6.58	9.71	7.25	5.50	3.21	0.95	2.66	6.00	17.61	17.30	21.38	18.10	6.24	5.16
% of Revenue	57.31	58.48	59.77	60.69	61.16	62.53	62.56	63.85	65.11	65.14	64.66	62.38	61.05	60.31	64.40	65.75	67.73	68.06	64.78	64.35

Gross Operating Profit	121,859	119,212	122,296	124,808	130,478	131,836	140,337	145,608	147,831	155,765	164,175	182,894	198,644	217,145	214,561	237,115	263,293	306,271	376,924	403,919
Change (%)		-2.17	2.59	2.05	4.54	1.04	6.45	3.76	1.53	5.37	5.40	11.40	8.61	9.31	-1.19	10.51	11.04	16.32	23.07	7.16
% of Revenue	42.69	41.52	40.23	39.31	38.84	37.47	37.44	36.15	34.89	34.86	35.34	37.62	38.95	39.69	35.60	34.25	32.27	31.94	35.22	35.65

SG&A	56,662	54,793	55,101	58,388	60,123	59,871	62,283	63,791	67,110	68,871	75,031	81,389	85,418	94,222	99,515	110,907	119,953	137,360	154,925	169,253
Change (%)		-3.30	0.56	5.96	2.97	-0.42	4.03	2.42	5.20	2.62	8.94	8.47	4.95	10.31	5.62	11.45	8.16	14.51	12.79	9.25
% of Revenue	19.85	19.09	18.12	18.39	17.90	17.02	16.62	15.84	15.84	15.41	16.15	16.74	16.75	17.22	16.51	16.02	14.70	14.33	14.48	14.94

R&D
Change (%)
% of Revenue

OpEx	220,223	222,666	236,817	251,079	265,588	280,136	297,015	321,294	343,262	359,925	375,420	384,632	396,393	423,783	487,034	565,385	671,849	789,138	847,546	897,361
Change (%)		1.11	6.36	6.02	5.78	5.48	6.03	8.17	6.84	4.85	4.31	2.45	3.06	6.91	14.93	16.09	18.83	17.46	7.40	5.88
% of Revenue	77.16	77.56	77.90	79.08	79.06	79.62	79.25	79.76	81.01	80.55	80.81	79.12	77.73	77.46	80.82	81.67	82.35	82.30	79.19	79.20

Operating Income	65,197	64,419	67,195	66,420	70,355	71,686	77,775	81,539	80,442	86,894	89,144	101,506	113,545	123,336	115,598	126,937	143,968	169,677	222,669	235,601
Change (%)		-1.19	4.31	-1.15	5.92	1.89	8.49	4.84	-1.35	8.02	2.59	13.87	11.86	8.62	-6.27	9.81	13.42	17.86	31.23	5.81
% of Revenue	22.84	22.44	22.10	20.92	20.94	20.38	20.75	20.24	18.99	19.45	19.19	20.88	22.27	22.54	19.18	18.33	17.65	17.70	20.81	20.80

Interest Expense	-2,282	-2,698	-3,716	-5,156	-6,245	-7,063	-7,995	-8,506	-9,268	-12,206	-15,729	-21,326	-33,901	-37,891	-59,099	-78,333	-114,265	-101,817	-98,066	-93,725
Change (%)		18.23	37.70	38.76	21.14	13.09	13.19	6.39	8.96	31.71	28.86	35.58	58.97	11.77	55.97	32.54	45.87	-10.89	-3.68	-4.43
% of Revenue	-0.80	-0.94	-1.22	-1.62	-1.86	-2.01	-2.13	-2.11	-2.19	-2.73	-3.39	-4.39	-6.65	-6.93	-9.81	-11.31	-14.01	-10.62	-9.16	-8.27

Net Income	40,779	39,212	40,417	39,119	40,859	40,037	45,617	46,057	46,605	48,965	47,195	-28,767	-34,255	-79,474	-238,367	-206,407	-220,676	-164,595	8,267	62,889
Change (%)		-3.84	3.07	-3.21	4.45	-2.01	13.94	0.96	1.19	5.06	-3.62	-160.95	19.08	132.01	199.93	-13.41	6.91	-25.41	-105.02	660.69
% of Revenue	14.29	13.66	13.29	12.32	12.16	11.38	12.17	11.43	11.00	10.96	10.16	-5.92	-6.72	-14.53	-39.55	-29.81	-27.05	-17.17	0.77	5.55

Source: Capital IQ

Nestlé Nigeria Plc - Income Statement (TTM)

Income Statement (TTM)