Update shared on28 Jul 2025
Fair value Decreased 25%Here's a summary analysis of Juli Plc's Q2 2025 performance based on the data you provided:
🧾 INCOME STATEMENT (Q2 2025 vs Q2 2024)
Item Q2 2025 Q2 2024 % Change
Turnover ₦129.35m ₦114.22m ▲ 13.2%
Cost of Sales ₦85.84m ₦75.97m ▲ 13.0%
Gross Profit ₦43.52m ₦38.25m ▲ 13.8%
Admin Expenses ₦62.14m ₦36.51m ▲ 70.2%
Net Profit/(Loss) ₦(18.63m) ₦1.74m ▼ Over 1000%
🔍 Key Observations:
- Revenue and gross profit increased modestly.
- Operating expenses soared by 70%, largely from:
- CBN loan repayment (₦26m vs ₦6.2m),
- Professional fees (₦6.43m vs ₦0.35m),
- Generator fuel and repairs,
- Salaries and staff medicals.
- This led to a net loss of ₦18.6m despite higher sales.
📊 FINANCIAL POSITION (as of June 30, 2025)
Item ₦ (2025) ₦ (2024) % Change
Total Assets ₦196.3m ₦169.9m ▲ 15.5%
Shareholders’ Equity ₦50.9m ₦(47.6m)**
Improved Retained Earnings ₦(750.8m)** ₦(849.3m)** Reduced deficit
Total Liabilities ₦145.4m ₦217.5m ▼ 33.2%
🔍 Key Observations:
- Equity position improved significantly (from negative to positive), indicating possible previous recapitalization or profit retention.
- Decline in liabilities due to partial CBN loan repayment.
🧠 Conclusion:
- While revenue is growing, exploding operating costs have dragged Juli Plc into a loss position.
- The firm is deleveraging (paying down loans), but cost controls are urgently needed.
- A review of expense discipline and operational efficiency could help steer the company back to profitability.
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