NCR Nigeria Plc has staged a comeback, posting ₦238 million after tax for the nine months ending September 30, reversing a ₦2.17 billion loss in the same period last year.
NCR Nigeria Plc Returns To Profit
The company drove the recovery through disciplined cost management and operational efficiency.
Consequently, revenue from contracts with customers rose 14% to ₦1.50 billion, while gross profit climbed 23.5% to ₦322 million, supported by stronger service income and equipment sales.
Revenue And Cost Efficiency
Foreign exchange gains also contributed significantly.
NCR recorded a ₦35.7 million gain, reversing a ₦2.67 billion loss in 2024, as a steadier naira and improved hedging strategies reduced translation losses.
Meanwhile, the company sharply cut operating costs.
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Administrative expenses fell 51% to ₦28.89 million, and distribution costs dropped nearly 97% to ₦91.75 million, reflecting tighter controls and a leaner sales structure.
However, other income declined 35.4% to ₦36.72 million, partly due to lower one-off gains.
Stronger Balance Sheet
On the balance sheet, liquidity strengthened.
Cash and cash equivalents rose to ₦986 million, inventory fell 34% to ₦243 million, and trade receivables increased to ₦3.95 billion, showing improved collections and stronger customer activity.
Although NCR made no new capital investments, it improved total equity slightly to negative ₦4.57 billion.
Overall, these results demonstrate how operational discipline and careful planning can revive a struggling business.
