SCOA Nigeria Plc has announced a significant turnaround in its financial performance, reporting a pre-tax profit of N723.8 million in its unaudited results for the 2025 financial year. This marks a considerable improvement compared to the N27.1 million profit recorded in the previous year.

The company's stronger performance is attributed to a combination of factors, including lower finance charges, increased finance income, and a robust revenue performance. Full-year turnover saw a substantial increase of 40.94%, reaching N8.3 billion from N5.9 billion in 2024.

A detailed breakdown of the revenue streams reveals that equipment sales remain the dominant contributor, accounting for 84.61% of total earnings. Specifically, equipment sales generated N7.07 billion, while automobile sales contributed N1.28 billion to the total revenue.

Other income also saw an increase, rising to N270.7 million from N143.8 million. Furthermore, finance charges experienced a notable decline, falling to N101.6 million from N599.9 million. Finance income stood at N597.6 million, which further supported the company's overall profitability.

As a result of these improvements, pre-tax profit surged to N723.8 million from N27.1 million in the previous year. After accounting for a tax expense of N245.9 million, the profit after tax settled at N477.9 million.

The balance sheet shows total assets standing at N23.9 billion at year-end, with debtors and other receivables forming the largest portion of the assets.

Cash and cash equivalents at the close of the year amounted to N2.7 billion, a decrease from the N3.9 billion reported in 2024.

Investors have reacted positively to SCOA Nigeria Plc's performance, with the company's shares gaining 437% year-to-date. The stock closed at N38.15 as of February 26, 2026. While the stock recorded no price movement at the latest trading session, reflecting a 0.00% change, investors are expected to further assess the company’s FY2025 financial results in subsequent trading sessions.