WorldStageNigerian Enamelware Plc has officially submitted its unaudited First Quarter (Q1) Financial Statement for the financial period ended July 31, 2026, to the Nigerian Exchange Limited (NGX).
The quarterly report highlights the manufacturing company’s financial performance, operational revenue, and profit margins over the three-month operational window spanning May 1, 2026, to July 31, 2026.
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Financial Performance Highlights
Revenue Performance: The company recorded total revenue of ₦1.43 billion (₦1,431,093,000) for the Q1 period ended July 31, 2026, reflecting growth compared to the comparative previous period.
Cost of Sales: Direct operating costs reached ₦1.38 billion (₦1,376,960,000), driven by raw material procurement costs and foreign exchange pressures affecting manufacturing input materials.
Retained Profit: Net profit retained for the period registered at ₦46.61 million.
Operational Summary & Market Context
| Metric | Q1 Period (Ended July 31, 2026) |
| Gross Revenue | ₦1,431,093,000 |
| Cost of Sales | (₦1,376,960,000) |
| Retained Profit | ₦46,610,000 |
| Filing Date | August 2026 |
Nigerian Enamelware Plc continues to navigate production challenges within the domestic industrial sector, maintaining focus on its core product categories, including enamelware, plastic items, and galvanized buckets.The full financial statement has been made publicly accessible to market regulators, investors, and shareholders on the official NGX portal.
