WorldStage– Educational publisher Learn Africa Plc has projected a profit after tax of ₦1.27 billion for the third quarter period ending December 31, 2026, according to its latest earnings forecast filed with the Nigerian Exchange Limited (NGX).
The company expects to generate ₦7.11 billion in total revenue, driven by core textbook distribution and educational material sales across the country. Cost of sales is estimated at ₦3.20 billion, leaving a forecasted gross profit of ₦3.91 billion.
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Key Financial Highlights (Forecasted for Quarter Ending Dec 31, 2026)
Revenue: ₦7,105,000,000
Cost of Sales: (₦3,197,250,000)
Gross Profit: ₦3,907,750,000
Selling & Distribution Costs: (₦769,955,000)
Administrative Expenses: (₦1,249,368,000)
Operating Profit: ₦1,930,321,000
Profit Before Tax (PBT): ₦1,923,600,000
Taxation Expense: (₦654,024,000)
Profit After Tax (PAT): ₦1,269,576,000
Cash Flow OutlookThe filing, signed by Managing Director Alhaji Hassan Bala and Finance Director Mrs. Cordelia Ojeile, forecasts net cash generated from operating activities at ₦785.46 million. Net cash outflows for investing activities—including ₦522.96 million budgeted for property, plant, and equipment—and financing activities (such as a ₦303.76 million dividend payment) are projected to adjust closing cash and cash equivalents to ₦1.59 billion by December 31, 2026.
