NCR (Nigeria) Plc (NGX: NCR) has released its unaudited financial results for the year ended December 31, 2025, posting a N196 million profit after tax against a N2.2 billion loss in the previous year.
Revenue rose by 43% to ₦3.08 billion, compared to ₦2.15 billion recorded in 2024.
Cost of sales increased sharply by 85% to ₦2.81 billion, from ₦1.52 billion in the prior year, driven by higher direct operating costs and staff-related expenses.
As a result, gross profit declined by 56% to ₦275.55 million, down from ₦630.73 million recorded in 2024.
Administrative expenses fell significantly by 98% to ₦57.58 million, compared to ₦2.78 billion in 2024. The sharp decline was largely due to the absence of major foreign exchange losses recorded in the previous year and improved cost discipline.
Other income dropped by 90% to ₦6.18 million, from ₦60.63 million, reflecting lower interest income earned during the period.
Despite the decline in gross profit and other income, NCR Nigeria recorded an operating turnaround, posting an operating profit of ₦196.05 million, compared to an operating loss of ₦2.16 billion in the prior year.
The improvement was driven mainly by significantly lower administrative expenses.
Profit before tax stood at ₦196.05 million, reversing the ₦2.16 billion loss recorded in 2024.
After tax adjustments, profit after tax also stood at ₦196.05 million, compared to a ₦2.17 billion loss in the previous year, representing a full-year return to profitability.
Earnings per share improved significantly to ₦1.82, from a loss per share of ₦20.11 in 2024, reflecting the company’s improved earnings position.
On the balance sheet, NCR Nigeria recorded a 77% increase in total assets to ₦7.81 billion, from ₦4.43 billion in the prior year, driven mainly by higher receivables and cash balances.
- Trade and other receivables rose by 66% to ₦5.66 billion, while cash and cash equivalents surged by 233% to ₦1.74 billion.
- Inventories declined by 53% to ₦172.20 million, reflecting improved inventory management, while prepayments increased sharply to ₦151.32 million.
- Property, plant and equipment declined by 32% to ₦34.68 million, due to depreciation and asset write-offs.
Total liabilities increased by 35% to ₦12.43 billion, compared to ₦9.24 billion in 2024, driven mainly by higher trade payables and related party obligations.
- Current trade and other payables rose by 50% to ₦9.72 billion, while non-current trade and other payables remained flat at ₦2.58 billion.
- Contract liabilities declined by 16% to ₦129.55 million.
- Current tax liabilities reduced to zero following settlement of prior obligations.
Despite the return to profitability, NCR Nigeria’s equity position remained negative at ₦4.61 billion, although this represented an improvement of 4% from ₦4.81 billion in 2024, supported by retained earnings from the current year’s profit.
Cash fFow
Net cash generated from operating activities declined by 36% to ₦1.21 billion, from ₦1.90 billion recorded in the previous year.
Net cash inflow from investing activities stood at ₦6.18 million, mainly from interest income, while financing activities remained largely flat.
Consequently, cash and cash equivalents more than tripled by 233% to ₦1.74 billion, from ₦522.56 million at the end of 2024.
About NCR (Nigeria) Plc
NCR (Nigeria) Plc is incorporated in Nigeria under the companies and Allied Matters Act CAP C20 Laws of the federation of Nigeria, 2004 as a public Limited Liability company , and is domiciled in Nigeria.
The company provides technology and services that help business connect, interact and transact with their customers.
The company is a technology company that provides innovative products and services to help business build stronger relationships with their customers, through its presence at customer interaction points such as Automated Teller Machines (ATM), Interactive Teller Machine (ITM), Retail Point of Sales (POS), Workstations, Self Service Kiosk, Self check-in/out systems and DVD Kiosks.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
