Cutix Plc (NGX: CUTIX) recorded a significant improvement in its overall financial performance during the financial year ended 30th April, 2025.
The group’s revenue rose by 30%, from ₦12.18 billion in 2024 to ₦15.77 billion in 2025.
Despite the increase in revenue, the gross profit for the period stood at approximately ₦3.02 billion showing a noticeable decline in the gross profit margin, which fell from 25.5% in 2024 to 19.2% in 2025.
The profit before tax increased marginally to ₦1.62 billion from the previous year.
However, profit after tax showed a 6% rise, moving from ₦1.07 billion to ₦1.13 billion.
Financial position
Cutix Plc’s total assets increased by 19%, from ₦7.29 billion to ₦8.71 billion, while total liabilities rose more modestly by 9%, from ₦3.48 billion to ₦3.81 billion.
Major components of the assets are:
- Property, Plant & Equipment: ₦2.48 billion
- Inventories: ₦4.73 billion
- Trade and Other Receivables: ₦1.23 billion
Major components of liabilities are:
- Short-Term Borrowings: ₦2.12 billion
- Trade and Other Payables: ₦1.37 billion
- Deferred Tax Liabilities: ₦276.74 million
- Long-Term Borrowings: ₦56.11 million
During the year, the company doubled its paid-up share capital, from ₦1.76 billion to ₦3.52 billion, and increased the number of shares in issue accordingly—from about 3.52 billion to 7.05 billion units.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
