Ellah Lakes Plc delivered its 2025 results, and the figures reveal a difficult year marked by mounting losses and pressure.
Ellah Lakes Rising Losses And Falling Revenue
The company posted a net loss of ₦3.86 billion, rising from ₦729.34 million in 2024.
Revenue fell to ₦146.66 million from ₦780 million, while costs increased faster than income.
Operating loss climbed to ₦3.84 billion because higher expenses outpaced revenue growth.
Escalating Costs And Capital Strain
Personnel costs rose to ₦1.2 billion, and administrative expenses increased to ₦1.094 billion.
An aborted public offer added ₦1.70 billion in costs, which intensified financial strain.
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Although the company expanded operations, it failed to generate profit because the scale remains insufficient.
Debt Pressure And Market Concerns
Total assets increased to ₦28.26 billion due to heavy investment in plantations and infrastructure.
However, liabilities rose to ₦7.83 billion as borrowings and related party obligations expanded.
Related party debts reached ₦7.07 billion, creating a heavy financial burden.
Equity weakened because retained earnings fell into a deficit of ₦7.84 billion.
Although fresh capital increased share capital, it did not offset accumulated losses.
Some major shareholders reduced their stakes, signalling caution about the company’s outlook.
The share price closed at ₦12 on April 2, 2026, with a slight gain during the session.
However, the stock declined from ₦13.40 at the start of the year, reflecting continued pressure.
Ellah Lakes must now scale operations, manage costs, and rebuild investor confidence.
