Northern Nigeria Flour Mills Plc

NGSE:NNFM Stock Report

Market Cap: ₦15.0b

Northern Nigeria Flour Mills Past Earnings Performance

Past criteria checks 2/6

Northern Nigeria Flour Mills has been growing earnings at an average annual rate of 51.3%, while the Food industry saw earnings growing at 47.7% annually. Revenues have been growing at an average rate of 26.6% per year. Northern Nigeria Flour Mills's return on equity is 4.9%, and it has net margins of 1.7%.

Key information

51.31%

Earnings growth rate

51.30%

EPS growth rate

Food Industry Growth21.47%
Revenue growth rate26.57%
Return on equity4.86%
Net Margin1.75%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Northern Nigeria Flour Mills makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:NNFM Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2528,3384951,9240
30 Jun 2533,2601,6932,3340
31 Mar 2535,3921,7451,7690
31 Dec 2433,6784,089-1,2750
30 Sep 2433,8992,3631,4100
30 Jun 2428,7921,4415470
31 Mar 2425,9511,5261,1920
31 Dec 2324,2311,4912,8930
30 Sep 2321,0611,0427450
30 Jun 2317,8825371,5890
31 Mar 2316,1622736930
31 Dec 2217,6291851,5570
30 Sep 2215,4621047600
30 Jun 2216,0601665810
31 Mar 2215,233816110
31 Dec 2113,5762458740
30 Sep 2112,334977580
30 Jun 2110,326846670
31 Mar 218,668705700
31 Dec 2010,2903286020
30 Sep 2010,7103645240
30 Jun 209,6191224860
31 Mar 208,841654650
31 Dec 196,621-743390
30 Sep 195,212-883150
30 Jun 194,784573010
31 Mar 194,150-322900
31 Dec 183,808-703880
30 Sep 183,246-994280
30 Jun 183,119-1034560
31 Mar 182,862-614430
31 Dec 172,459-1404280
30 Sep 172,018-934070
30 Jun 171,359-503580
31 Mar 171,331-183450
31 Dec 16680-3082880
30 Sep 16772-2253000
30 Jun 16829-1233020
31 Mar 16979-1973170
31 Dec 15524-3373830
30 Sep 155,328-3373880
30 Jun 157,757-4104470
31 Mar 1510,529-2004450

Quality Earnings: NNFM has high quality earnings.

Growing Profit Margin: NNFM's current net profit margins (1.7%) are lower than last year (7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NNFM's earnings have grown significantly by 51.3% per year over the past 5 years.

Accelerating Growth: NNFM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NNFM had negative earnings growth (-79%) over the past year, making it difficult to compare to the Food industry average (124.4%).

Return on Equity

High ROE: NNFM's Return on Equity (4.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/15 06:00
End of Day Share Price 2026/01/15 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Northern Nigeria Flour Mills Plc is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OmotundeMeristem Securities Limited