College Press stories 378.9% bounce in yearly revenue on rising faculty ebook gross sales and different earnings

College Press Plc has launched its audited outcomes for the monetary 12 months ended March 31, 2025, posting a powerful rebound with a pre-tax revenue of N619.7 million.

This marks a 378.9% turnaround from the N222.1 million loss recorded within the earlier 12 months, pushed by a strong rise in income and different earnings.

Income grew by 29.26% to N3.4 billion, up from N2.6 billion within the prior 12 months, with the majority of gross sales recorded within the South West area.

All the firm’s income got here from the sale of printed books. Of this:

Secondary faculty books generated N1.7 billion, accounting for 51.93% of complete income.
Major faculty books adopted with N1.5 billion or 45.49%.
Whereas Tertiary/Normal Reference books introduced in N87.6 million, contributing the remaining share.

Regardless of a spike in value of gross sales, from N1.1 billion to N1.4 billion, gross revenue nonetheless rose by 34.10% to succeed in N1.9 billion.

The corporate’s profitability was additional boosted by a pointy rise in different earnings, which surged to N407 million from N62.6 million within the prior 12 months.

A good portion, N311.3 million, got here from the disposal of property, plant, and tools.

Consequently, revenue from operations got here in at N541.3 million, reversing a N247.7 million loss recorded in 2024, even after accounting for advertising and administrative bills.

Finance earnings additionally rose impressively to N78.3 million, from N25.5 million the earlier 12 months, all of it earned from curiosity on mounted deposits.

On the stability sheet, internet property grew to N3.4 billion, an increase of 11%, whereas income reserves elevated to N2.05 billion, up from N1.61 billion.

Key highlights (2025 vs 2024)

Income: N3.4 billion, +29.26% YoY
Price of Gross sales: N1.4 billion, +23.24% YoY
Gross Revenue: N1.9 billion, +34.10% YoY
Different Revenue: N407 million, +549.71% YoY
Working Revenue: N541.3 million, +318.49% YoY
Finance Revenue: N78.3 million, +206.43% YoY
Pre-Tax Revenue: N619.7 million, +378.93% YoY
Web Property: N3.4 billion, +11.00% YoY

As of market shut on June 30, 2025, the corporate’s shares stood at N5.60, reflecting a year-to-date achieve of 45.45%.