Academy Press Plc has announced a pre-tax profit of ₦1.17 billion for the financial year ended 31 March 2025, marking a 343.8 per cent year-on-year surge from ₦264.1 million recorded in 2024.
Revenue edged up to ₦4.58 billion, a 1.72 per cent rise from ₦4.508 billion in the previous year, with book sales making up the bulk of the earnings. Sales within Nigeria, especially from the South West region, contributed the lion’s share, as book sales reached ₦4 billion.
The company reported an 8.67 per cent reduction in cost of sales, which declined from ₦3.5 billion to ₦3.2 billion, lifting gross profit to ₦1.3 billion from ₦996.4 million in the prior year.
Selling and distribution expenses rose by 2.6 per cent, while administrative expenses increased by 20 per cent to ₦834.2 million. Other operating income, mainly from asset disposals, climbed to ₦996.9 million, representing a 171.2 per cent increase and significantly boosting overall profit.
On the balance sheet, total assets expanded by 16.8 per cent to ₦3.6 billion, while retained earnings swung into positive territory at ₦484.1 million, recovering from a loss of ₦162.6 million the previous year.
The board proposed a final dividend of 15 kobo per 50 kobo share, subject to shareholders’ approval and withholding tax. The payout will go to shareholders listed in the Register of Members at the close of business on Thursday, 16 October 2025.
As of the close of trading on 22 July 2025, Academy Press shares were priced at ₦7.00, reflecting a year-to-date gain of 133 per cent.