Academy Press Plc has reported a profit after tax of N716.5m for the financial year ended March 31, 2025, marking an increase from the N73.6m recorded in the previous year.
According to its audited consolidated and separate financial statements filed with the Nigerian Exchange Limited, the company’s profit before tax rose to N1.17bn in 2025 from N264.2m in 2024, representing a 344 per cent growth.
Revenue from contracts with customers stood at N4.59bn, reflecting a marginal increase from the N4.51bn reported in the previous year. Gross profit rose to N1.38bn from N996.4m, while administrative expenses climbed to N834.2m from N694.7m.
The board of directors has proposed a dividend of 15 kobo per share, subject to shareholder approval at the upcoming Annual General Meeting. This represents a 50 per cent increase over the 10 kobo per share paid in the previous financial year.
The company’s other operating income rose sharply to N996.9m from N367.6m, contributing significantly to its bottom line. Finance costs declined to N125.2m from N179.9m, indicating improved cost management.
Its total equity grew to N782.2m in 2025 from N141.3m in the previous year, driven by retained earnings of N484.2m compared to a loss position of N162.6m in 2024.
During the year, Academy Press made a donation of N3.37m to Ilupeju Senior/Junior Secondary School for the installation of a solar inverter, while confirming that no donations were made to political parties or purposes.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]
