WorldStage– McNichols Consolidated Plc listed on the Growth Board of the Nigerian Exchange Group (NGX) has released its unaudited financial results for the six months ended 30 June 2026, with 213.5% jump in profit before taxation to ₦359.65 million from ₦114.71 million recorded in H1 2025.
The results approved by the Board of Directors on 30 July 2026 and signed by Managing Director Chimaraoke Ekpe and Acting Finance Manager Janet Ifare Peter showed that revenue for the half-year period increased to ₦3.20 billion from ₦3.08 billion in the corresponding period of 2025.
Cost of sales declined to ₦2.61 billion from ₦2.75 billion, helping drive a substantial improvement in margins.
After tax of ₦95.62 million, profit from continuing operations rose to ₦264.04 million from ₦94.90 million a year earlier.
Earnings per share improved significantly to 23.64 kobo from 8.80 kobo.
In the second quarter alone (April–June 2026), revenue grew to ₦1.85 billion from ₦1.66 billion in Q2 2025. Profit before tax jumped to ₦223.96 million from ₦61.04 million, while profit after tax reached ₦141.53 million compared with ₦50.54 million.
Quarterly EPS stood at 12.67 kobo versus 4.53 kobo in the prior-year quarter.
On the balance sheet, total assets rose to ₦2.55 billion as at 30 June 2026, up from ₦1.70 billion a year earlier and ₦1.89 billion at the end of 2025.
The increase was driven largely by higher property, plant and equipment (₦1.07 billion) following significant capital expenditure, as well as growth in inventories and cash balances.
Total equity strengthened to ₦1.19 billion from ₦760.58 million at mid-2025.
The company generated strong operating cash flow of ₦457.66 million in the first half of 2026. Cash and cash equivalents closed at approximately ₦408 million.
As at 30 June 2026, its free float stood at 68.60%, compliant with exchange requirements.
