MRS Oil Nigeria Plc has forecasted a profit after tax of N3.95bn for the third quarter of 2025, driven by a projected revenue of N393.58bn, the company announced on June 4, 2025.
According to the company’s Q3 forecast statement of comprehensive income filed on the Nigeria Exchange Limited on Tuesday, MRS Oil expects a turnover of N393.58bn with a cost of sales of N378.93bn, resulting in a gross profit of N14.65bn.
After accounting for distribution, administrative, and other expenses amounting to N8.91bn, the operating profit is projected at N6bn.
The company also anticipates other income of N261.67m and finance costs of N58.61m, leading to a profit before tax of N5.90bn. After taxation of N1.95bn, the net profit after tax is forecasted at N3.95bn. Basic earnings per share for the period are estimated at N11.53.
In the statement of cash flows, MRS Oil projects a net cash generation of N4.03bn from operating activities. However, investing activities are expected to result in an outflow of N5.63bn, with no cash flow from financing activities.
Consequently, the company forecasts a net decrease in cash and cash equivalents of N1.60bn, bringing the expected cash balance at the end of the third quarter to N4.62bn.
The PUNCH reported that MRS Oil Nigeria Plc has projected a revenue of N129.36bn for the first quarter of 2025, as revealed in its latest financial forecast.
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