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Eunisell pretax profit rises by 79% in 2025 as oil revenue surpasses N1 billion

Eunisell Interlinked Plc, an engineering and technology solutions company, has published its financial statement for the year ended June 30, 2025, reporting a pretax profit of N235.8 million.

This represents a 79.28% increase compared to the N131.5 million reported in the financial year of 2024, largely due to higher revenue.

For the year, revenue stood at N1.41 billion, almost doubling the N722.5 million recorded in the previous year, reflecting an increase of 95.21%.

The company also recorded a rise in the cost of sales, which increased from N449.2 million in the previous year to N930.8 million.

Other income was minimal at N36,000, while operating expenses increased by 66.34% to N200.8 million.

With no finance income, finance costs of N42.9 million, mainly from third-party borrowings, slightly reduced earnings.

Hence, pretax profit stood at N235.8 million, representing a 79% year-on-year increase from the N131.5 million recorded in the previous financial year.

On the balance sheet, total assets stood at N929.2 million, up 4.43%, while retained earnings closed at N135.5 million, recovering from a loss of N54.9 million in the previous year.

Total liabilities, however, shrank to N442.8 million compared to N593.8 million in the prior year, with much of the reduction driven by current liabilities.

As of the trading week ended September 26, 2025, shares of the company were priced at N33.60, representing a 74.36% year-to-date performance.

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