Retail Nigerian Community

R.T. Briscoe (Nigeria) Plc delivered a mixed set of results for Q1 2025, with revenue surging 72% year-on-year to ₦8.3 billion , but profit after tax plunging 45.9% to ₦197.25 million , weighed down by sharp cost increases and a significant drop in non-operating income. Key Financial Highlights (Q1 2025 vs Q1 2024): Revenue: ₦8.3bn ↑ 72% Profit After Tax: ₦197.25m ↓ 45.9% Gross Profit: ₦1.7bn ↑ 69% Other Income: ₦22m ↓ 96% Selling & Distribution Expenses: ₦441.33m ↑ 76% Administrative Expenses: ₦674.5m ↑ 42% Finance Costs: ↑ 28% Profit Before Tax: ₦238.73m ↓ 55.5% Income Tax Expense: ₦41.48m ↓ 75.8% Total Assets: ₦11.55bn ↓ 2% Net Current Liabilities: ₦14.13bn (high) Net Cash (Operating Activities): -₦1.86bn Net Cash (Financing Activities): +₦1.39bn Profitability Dampened by Costs, One-Off Income Slump While top-line growth was impressive—driven by stronger sales across segments—the benefit was eroded by a 73% spike in cost of sales , leaving margins largely flat.