WorldStage– Multi-Trex Integrated Foods Plc has released its audited financial statements for the year ended April 30, 2025, revealing a significant reduction in top-line revenue alongside the full repayment of its debt obligations to the Assets Management Corporation of Nigeria (AMCON).
Financial and Operational Highlights
Revenue Decline: The company recorded a 96% drop in turnover, reporting ₦47.9 million for the year ended April 30, 2025, down from ₦1.199 billion reported in the preceding financial year.
Net Loss Position: Multi-Trex posted a loss after taxation of ₦423.20 million for FY 2025, representing a reversal from the ₦510.94 million profit recorded in FY 2024.
Full AMCON Settlement: As of April 30, 2025, the company fully repaid the final negotiated settlement amount of ₦9.903 billion to AMCON.
Asset & Capital Structure: Total assets stood at ₦15.93 billion compared to ₦16.91 billion in FY 2024. Shareholders’ funds increased by 39% to ₦9.98 billion, up from ₦7.16 billion in the previous year.
Earnings Per Share: Basic and diluted loss per share stood at -₦0.07, compared to a positive earnings per share of ₦0.11 (Basic) and ₦0.08 (Diluted) in FY 2024.
Dividend Statement: The Board of Directors did not recommend a dividend payout for the financial year ended April 30, 2025, citing accumulated losses from prior operational periods.
Governance & Restructuring Updates
Following the strategic entry of N-Foods Universal Concept Limited, Multi-Trex announced ongoing plans to restructure its Board of Directors. The planned changes include the appointment of three independent non-executive directors to align with the regulatory provisions of the Companies and Allied Matters Act (CAMA) 2020.
