The turnaround was underpinned by healthy revenue growth and a significant boost in other income. Revenue for the year rose by 29.26%, reaching ₦3.4 billion compared to ₦2.6 billion in 2024. Sales were concentrated largely in the South West region of Nigeria, underscoring the company's strong regional market presence.
All of University Press’s revenue during the period came from its core business of printed book sales. Secondary school textbooks remained the largest revenue driver, generating ₦1.7 billion and accounting for roughly 52% of total sales. Primary school books contributed ₦1.5 billion, or about 45.5%, while tertiary and general reference books added ₦87.6 million.
Even with cost pressures, the company delivered improved profitability at the gross level. Cost of sales rose by 23.24%, from ₦1.1 billion to ₦1.4 billion, reflecting higher input costs and volumes sold. Nevertheless, gross profit climbed 34.10% year-on-year to ₦1.9 billion.
A key factor in the company's improved earnings was the surge in other income, which soared more than fivefold to ₦407 million from ₦62.6 million in the previous year. This jump was largely attributable to gains of ₦311.3 million from the disposal of property, plant, and equipment—a one-off item that provided a significant boost to the bottom line.
Operating profit also recovered strongly, coming in at ₦541.3 million after accounting for marketing and administrative expenses. This marks a sharp reversal from the ₦247.7 million operating loss reported in 2024. The company also benefited from higher finance income, which more than tripled to ₦78.3 million, all of it derived from interest on fixed deposits.
University Press’s balance sheet continued to strengthen during the year. Net assets rose by 11% to ₦3.4 billion, while revenue reserves climbed to ₦2.05 billion from ₦1.61 billion. These gains signal improved financial resilience and capacity to reinvest in operations or reward shareholders.
Key performance highlights for FY 2025 compared with the previous year include:
- Revenue: ₦3.4 billion, up 29.26% year-on-year
- Cost of Sales: ₦1.4 billion, up 23.24%
- Gross Profit: ₦1.9 billion, up 34.10%
- Other Income: ₦407 million, up 549.71%
- Operating Profit: ₦541.3 million, reversing a loss, up 318.49%
- Finance Income: ₦78.3 million, up 206.43%
- Pre-Tax Profit: ₦619.7 million, up 378.93%
- Net Assets: ₦3.4 billion, up 11.00%
The company’s shares have reflected investor confidence, ending June 30, 2025, at ₦5.60 per share, representing a year-to-date gain of 45.45%.
While the strong rebound offers encouraging signs for shareholders and stakeholders alike, the results also underscore the company's dependence on Nigeria’s education sector and the need to navigate ongoing cost pressures carefully. Going forward, sustained revenue growth and prudent cost management will be key to maintaining this positive trajectory.