Northern Nigeria Flour Mills Plc has released its annual report for the financial year ended 31 March 2025, reporting a pre-tax profit of N2.8 billion.
This reflects a 25.16% increase from the N2.3 billion recorded in the previous year, largely driven by higher revenue.
Revenue for the year rose to N35.3 billion, marking a 36.38% increase from the N25.9 billion posted in 2024.
Cost of sales rose to N30.2 billion, up 35.03% from N22.3 billion last year. Even with rising sales costs, gross profit increased from N3.5 billion to N5.1 billion.
The company reported ‘other operating income’ of N138.3 million, up 203.74% from the previous year, driven mainly by freight recoveries and sundry income.
Operating expenses also grew during the year, with general and administrative costs rising by 116.49% to N2.09 billion.
Also favorably, finance costs decreased from N21.6 million to N12.7 million, helping ease pressure on the bottom line.
As of market close on 2nd June 2025, shares of the company were priced at N138.90, with a year-to-date performance of 216.40%.