Eunisell Interlinked Plc reported an 86 per cent increase in profit for the financial year ended June 30, 2026, as stronger revenue and lower finance costs lifted its bottom line.
The company’s profit for the year rose to N353.9 million, compared with N190.5 million recorded in the previous financial year. Revenue also increased by 30 per cent to N1.84 billion from N1.41 billion, according to the company’s unaudited financial statements.
The company’s gross profit increased by 36 per cent to N653 million, from N479.6 million in the previous year. However, operating expenses rose by 44 per cent to N288.4 million from N200.8 million, limiting some of the gains from the higher gross profit.
Despite the increase in operating expenses, profit from operations rose by 31 per cent to N364.5 million, compared with N278.8 million in 2025. Finance costs also declined significantly by 75 per cent to N10.6 million from N43 million, helping to improve the company’s overall profitability.
Eunisell Interlinked’s oil and gas business remained the company’s largest revenue contributor during the period, generating N1.59 billion, compared with N1.16 billion in 2025.
Revenue from power products more than doubled to N115.5 million, from N54.2 million, while construction revenue increased to N59.3 million from N11.3 million.
Manufacturing contributed N73.1 million during the year, while revenue from household products fell to zero from N180.5 million in the previous year.
Eunisell Interlinked’s total assets increased by 58 per cent to N1.47 billion as of June 30, 2026, compared with N929.2 million a year earlier.
Property, plant and equipment increased sharply to N136.9 million from N12.7 million, following additions of N142.6 million during the financial year. Inventories also increased to N442.9 million from N288.7 million, while trade receivables and prepayments rose to N875.3 million from N543.7 million.
Cash and cash equivalents, however, declined significantly to N15.7 million, compared with N84.2 million recorded at the end of June 2025.
Total equity increased to N840.3 million at the end of June 2026, compared with N486.4 million in the previous year, largely reflecting the increase in retained earnings.
Retained earnings rose to N489.5 million from N135.6 million, while share capital remained unchanged at N118.35 million. Other components of equity stood at N232.4 million during the period.
On the liabilities side, trade and other payables increased to N282.3 million from N111.2 million, while short-term borrowings rose to N145.2 million from N84.8 million. The company also maintained a N200 million deposit for shares.
The company’s administrative expenses rose to N288.4 million during the year, representing a 44 per cent increase from N200.8 million in 2025.
Employee benefits accounted for N115.8 million of the expenses, while other expenses stood at N62.7 million. Advertising, promotion and marketing expenses increased to N22.9 million from N4.1 million, while depreciation rose to N18.4 million from N2.8 million.
Despite the higher cost base, the company’s stronger revenue performance and lower finance costs supported the significant increase in its full-year profit.
