Academy Press Records ₦487.5m Profit Amid Economic Challenges

Nigeria’s foremost printing company, Academy Press Plc, has reported a profit after tax of ₦487.47 million for the nine months ended September 30, 2025, reflecting a strong and stable financial performance despite economic headwinds in Nigeria’s printing and publishing industry.

According to the company’s unaudited consolidated financial statements released to the Nigerian Exchange Limited (NGX), revenue for the review period rose to ₦2.74 billion, up from ₦2.51 billion in the corresponding period of 2024.

The increase in revenue indicates sustained demand for the company’s printing services and continued expansion of its client base.

Gross profit for the nine months stood at ₦1.48 billion, compared to ₦1.45 billion in September 2024, while operating profit closed at ₦538.82 million, down slightly from ₦559.56 million posted in the same period last year.

The company incurred ₦842.79 million in administrative expenses, a marginal increase from ₦810.33 million in the comparable period of 2024, largely due to inflationary pressures and higher operating costs.

Distribution expenses rose to ₦250.69 million from ₦164.79 million a year earlier.

Despite these rising costs, Academy Press recorded a profit before tax of ₦487.47 million, compared to ₦504.05 million in September 2024, showcasing resilience in maintaining profitability amid challenging macroeconomic conditions.

The financial statements further showed that profit attributable to the parent company’s owners stood at ₦521.87 million, while non-controlling interest amounted to ₦34.40 million, resulting in a total comprehensive income of ₦487.47 million for the period.

The company’s earnings per share (EPS) were ₦0.65 (65 kobo), slightly below the ₦0.67 (67 kobo) recorded in the previous year.

News.ng reports that the results underscore Academy Press Plc’s continued dominance in Nigeria’s print production sector, supported by ongoing investments in technology and service diversification to meet growing demand across the publishing and corporate printing segments.