Ikeja Hotel Community

Income Statement Analysis (6 Months Ended 30 June 2025) Metric H1 2025 (₦’000) H1 2024 (₦’000) % Change Revenue 12,131,817 8,207,077 +47.8% Gross Profit 5,962,385 3,232,529 +84.5% Operating Profit 4,566,128 2,208,959 +106.7% Profit Before Tax 4,670,347 2,058,921 +126.8% Profit After Tax (PAT) 3,109,081 1,342,294 +131.6% EPS (Kobo) 144 62 +132.3% Profit Margin significantly improved due to: Strong revenue growth of ~48%. Controlled administrative & distribution expenses.