ZENITHBANK Income Statement - TTM - Zenith Bank Plc

Income Statement (TTM)

Zenith Bank 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
Revenue	495,554	511,893	518,218	528,830	537,051	569,907	590,403	611,603	628,973	624,342	659,143	885,366	978,943	1,258,659	1,597,995	1,891,247	2,108,291	2,203,986	2,315,028
Change (%)		3.30	1.24	2.05	1.55	6.12	3.60	3.59	2.84	-0.74	5.57	34.32	10.57	28.57	26.96	18.35	11.48	4.54	5.04
% 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

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	495,554	511,893	518,218	528,830	537,051	569,907	590,403	611,603	628,973	624,342	659,143	885,366	978,943	1,258,659	1,597,995	1,891,247	2,108,291	2,203,986	2,315,028
Change (%)		3.30	1.24	2.05	1.55	6.12	3.60	3.59	2.84	-0.74	5.57	34.32	10.57	28.57	26.96	18.35	11.48	4.54	5.04
% 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

SG&A	119,919	117,144	116,025	115,650	117,956	117,973	123,205	122,383	123,262	130,652	133,165	150,123	159,604	185,107	210,100	267,769	282,040	303,248	328,505
Change (%)		-2.31	-0.96	-0.32	1.99	0.01	4.43	-0.67	0.72	6.00	1.92	12.73	6.32	15.98	13.50	27.45	5.33	7.52	8.33
% of Revenue	24.20	22.88	22.39	21.87	21.96	20.70	20.87	20.01	19.60	20.93	20.20	16.96	16.30	14.71	13.15	14.16	13.38	13.76	14.19

R&D
Change (%)
% of Revenue

OpEx	247,726	252,495	256,658	266,505	274,748	285,754	299,197	314,605	322,616	336,014	351,560	376,687	388,147	446,003	549,075	698,110	793,371	835,034	911,137
Change (%)		1.93	1.65	3.84	3.09	4.01	4.70	5.15	2.55	4.15	4.63	7.15	3.04	14.91	23.11	27.14	13.65	5.25	9.11
% of Revenue	49.99	49.33	49.53	50.40	51.16	50.14	50.68	51.44	51.29	53.82	53.34	42.55	39.65	35.43	34.36	36.91	37.63	37.89	39.36

Operating Income	247,828	259,398	261,560	262,325	262,303	284,153	291,206	296,998	306,357	288,328	307,583	508,679	590,796	812,656	1,048,920	1,193,137	1,314,920	1,368,952	1,403,891
Change (%)		4.67	0.83	0.29	-0.01	8.33	2.48	1.99	3.15	-5.88	6.68	65.38	16.14	37.55	29.07	13.75	10.21	4.11	2.55
% of Revenue	50.01	50.67	50.47	49.60	48.84	49.86	49.32	48.56	48.71	46.18	46.66	57.45	60.35	64.57	65.64	63.09	62.37	62.11	60.64

Interest Expense
Change (%)
% of Revenue

Net Income	217,242	230,374	232,915	232,665	231,687	244,402	249,503	249,706	258,168	224,050	231,872	404,326	483,764	676,569	868,747	962,824	1,069,460	1,032,711	1,086,233
Change (%)		6.04	1.10	-0.11	-0.42	5.49	2.09	0.08	3.39	-13.22	3.49	74.37	19.65	39.86	28.40	10.83	11.08	-3.44	5.18
% of Revenue	43.84	45.00	44.95	44.00	43.14	42.88	42.26	40.83	41.05	35.89	35.18	45.67	49.42	53.75	54.36	50.91	50.73	46.86	46.92

Source: Capital IQ

Zenith Bank Plc - Income Statement (TTM)

Income Statement (TTM)