NCR Nigeria Plc has returned to profitability in its full-year financial statement of 2025, after four straight years of losses.
According to the company’s full-year audited financial statements, the after-tax profit rose to N212.4 million for the year ended December 31, 2025, compared to a loss of N2.17 billion in 2024.
This was driven by strong revenue growth, improved operational efficiency, and a significant reduction in administrative expenses.
The technology solutions provider reported revenue of N3.08 billion in 2025, representing a 43 percent increase from N2.15 billion recorded in the previous year. The strong top-line performance helped the company reverse a loss of N2.17 billion reported in 2024 and deliver a profit after tax of N212.4 million.
Profit before tax stood at N249.9 million compared with a pre-tax loss of N2.16 billion a year earlier, while earnings per share improved to N1.97 from a loss per share of N20.11 in 2024.
The performance marks a significant turnaround for the Nigerian subsidiary of NCR Atleos, the United States-based provider of consumer transaction technologies, which operates across banking, retail, hospitality, telecommunications, and other sectors globally.
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NCR Nigeria’s balance sheet also strengthened considerably during the year. Total assets rose by 75 per cent to N7.77 billion from N4.43 billion in 2024, reflecting growth in receivables, cash holdings, and overall business activity.
Trade and other receivables increased to N5.66 billion from N3.41 billion, while cash and cash equivalents more than tripled to N1.75 billion from N522.6 million.
The company maintained a relatively lean asset base, with property, plant, and equipment valued at N35.2 million at year-end. Inventory declined to N172.2 million from N369.1 million, suggesting improved inventory management and product deployment efficiency.
Despite the strong revenue growth, the company continued to face cost pressures. Cost of sales increased to N2.77 billion from N1.52 billion, reflecting higher operating expenses associated with delivering products and services.
As a result, gross profit declined to N309.2 million from N631.1 million in the previous year. However, management’s ability to sharply reduce administrative and general expenses played a crucial role in restoring profitability. Administrative expenses fell dramatically to N51.5 million from N2.78 billion recorded in 2024. Selling and distribution expenses also declined to N24 million from N70 million.
The combined impact of stronger revenue generation and lower operating expenses enabled the company to post an operating profit of N249.9 million compared with an operating loss of N2.16 billion a year earlier.
NCR Nigeria remains a key technology solutions provider in the country’s banking and retail sectors. The company supplies and supports Automated Teller Machines (ATMs), Interactive Teller Machines, Point-of-Sale terminals, self-service kiosks, self-check-in systems, and related software solutions. The company introduced Nigeria’s first ATM in 1989 and continues to maintain a significant presence in the country’s financial services technology ecosystem.
The company noted that its parent firm, NCR Atleos, owns 61.76 percent of its share capital, while Nigerian shareholders hold the remaining 38.24 percent.
NCR closed its last trading day on Wednesday at N161.20 per share on the Nigerian Stock Exchange (NGX). NCR began the year with a share price of N72.70 and has since gained 122 percent on that price valuation, ranking it 20th on the NGX in terms of year-to-date performance.
The company is currently the 103rd most valuable stock on the NGX with a market capitalisation of N17.4 billion, which is about 0.011 percent of the Nigerian Stock Exchange equity market.