Reported by Weng Patrick Atokor l Journalist at Weng Global
Eunisell Interlinked Plc recorded a sharp improvement in profitability in the financial year ended June 30, 2026, with profit after tax rising 86% to ₦353.91 million from ₦190.48 million a year earlier.
The Nigerian engineering and industrial solutions company also reported a 30% increase in revenue to ₦1.84 billion, compared with ₦1.41 billion in the previous financial year, according to its financial statement filed with the Nigerian Exchange Limited (NGX).
The results show continued expansion in the company’s revenue base alongside stronger profitability and a substantial increase in shareholders’ equity during the period.
Revenue rises to ₦1.84 billion
Eunisell Interlinked reported revenue of ₦1.837 billion for the year ended June 30, 2026, representing a 30% increase from ₦1.410 billion recorded in 2025.
The company’s financial statement shows that the strongest contribution came from its oil and gas business, which generated ₦1.589 billion during the year, compared with ₦1.164 billion in the previous financial year.
Power products contributed ₦115.46 million, while construction generated ₦59.30 million. Manufacturing contributed ₦73.09 million during the period.
Revenue from household-related activities, which stood at ₦180.48 million in 2025, was not recorded in the 2026 figures.
The revenue performance represents another year of substantial expansion for the company. Its reported revenue has risen considerably from ₦722.53 million in the 2024 financial year to ₦1.41 billion in 2025 and ₦1.84 billion in 2026.
Profitability strengthens
The company recorded gross profit of ₦652.95 million in 2026, up 36% from ₦479.61 million in 2025.
Operating expenses, however, also increased, rising 44% from ₦200.80 million to ₦288.43 million.
Despite the higher operating expenses, profit from operations increased 31% to ₦364.52 million from ₦278.85 million.
Finance costs fell significantly during the year, declining to ₦10.62 million from ₦43 million in 2025. The reduction in finance costs helped support the improvement in profit before tax.
Profit before tax consequently rose 50%, from ₦235.85 million to ₦353.91 million.
The company reported no taxation charge in the 2026 statement, compared with ₦45.37 million in the previous year, resulting in profit for the period of ₦353.91 million, an 86% increase from ₦190.48 million.
Equity position improves
Eunisell Interlinked also strengthened its equity position during the financial year.
Total equity increased from ₦486.35 million at June 30, 2025, to ₦840.26 million at June 30, 2026.
Retained earnings increased from ₦135.56 million to ₦489.47 million, reflecting the impact of the year’s reported profit.
The company maintained share capital of ₦118.35 million and other components of equity of ₦232.44 million during the period.
The financial statement also shows that total assets increased from ₦929.22 million to ₦1.47 billion.
Property, plant and equipment rose substantially to ₦136.86 million from ₦12.66 million, while inventories increased to ₦442.89 million from ₦288.67 million.
Trade receivables and prepayments also increased from ₦543.70 million to ₦875.34 million.
Oil and gas remains the major revenue driver
The company’s financial results show a strong concentration of revenue in the oil and gas segment.
Oil and gas generated approximately 86% of the company’s reported 2026 revenue, making it by far the largest contributor to overall turnover.
Eunisell Interlinked operates across engineering and industrial markets, including electrical products, telecommunications, energy and related infrastructure.
Its business activities include engineering, installation and construction services, electrical cabling systems and cable-related products for power and telecommunications applications.
The company’s latest filing indicates that its revenue expansion during the year was particularly supported by the oil and gas business.
Investment in productive capacity
The financial statement also points to increased investment in the company’s productive assets.
Eunisell Interlinked recorded ₦142.61 million in additions to property, plant and equipment during the year. The additions included significant investment in leasehold improvements and motor vehicles, among other assets.
Depreciation for the period stood at ₦18.40 million, compared with ₦2.80 million in 2025.
The increase in fixed assets comes as the company reports higher revenue and stronger profitability, indicating that part of the business’s expansion has been accompanied by additional investment in its operating capacity.
Working capital and liabilities
The stronger financial performance was accompanied by increases in some current assets and liabilities.
Trade receivables rose from ₦151.50 million to ₦419.41 million, while other receivables increased to ₦371.22 million from ₦267.80 million.
Trade and other payables also increased, reaching ₦282.33 million compared with ₦111.21 million in 2025.
Short-term borrowings stood at ₦145.22 million at the end of June 2026, up from ₦84.82 million a year earlier.
Cash and cash equivalents, however, declined to ₦15.69 million from ₦84.19 million.
These figures underline the importance of working-capital management as the company expands its revenue and operations.
Stronger earnings come amid continued expansion
The latest results extend a period of significant revenue growth for Eunisell Interlinked.
According to financial data compiled from the company’s reported results, annual revenue increased from ₦196.40 million in 2022 to ₦277.11 million in 2023, ₦722.53 million in 2024, ₦1.41 billion in 2025 and ₦1.84 billion in 2026.
Profitability has also improved over the longer period, although the year-to-year pattern has not been uniform.
For 2025, the company reported profit after tax of ₦190.48 million, compared with ₦100.07 million in 2024.
The 2026 result therefore represents another significant increase in reported earnings.
What the results mean for the company
The latest financial figures provide several indicators of Eunisell Interlinked’s current business position.
First, revenue growth shows that the company generated substantially more business during the 2026 financial year than it did a year earlier.
Second, the 36% increase in gross profit exceeded the 30% increase in revenue, while the 31% rise in operating profit indicates that the business remained profitable despite higher operating expenses.
Third, the sharp reduction in finance costs contributed to the improvement in profit before tax.
Finally, the increase in retained earnings and total equity strengthened the company’s balance-sheet position compared with the previous year.
These developments are relevant as Eunisell Interlinked operates in sectors connected to Nigeria’s electricity, energy, telecommunications and industrial infrastructure needs.
However, the financial statement also shows areas that require attention, including the increase in receivables, higher operating expenses, lower cash balances and greater short-term borrowings.
A growing Nigerian industrial business
Eunisell Interlinked’s latest performance places the company among Nigerian businesses reporting substantial year-on-year growth in both revenue and earnings.
The company’s 2026 results show revenue of ₦1.84 billion, profit before tax of ₦353.91 million and profit after tax of the same amount, compared with ₦1.41 billion, ₦235.85 million and ₦190.48 million respectively in 2025.
The company has also expanded its asset base and increased retained earnings, while maintaining a free float of 34.71% as of June 30, 2026, according to its NGX filing. The filing states that the company was compliant with the Exchange’s free-float requirements for companies listed on the Main Board.
For investors, customers and other stakeholders, the results provide a picture of a company experiencing significant expansion, while also highlighting the financial-management demands that accompany faster growth.
What happens next
Eunisell Interlinked’s next phase will be shaped by its ability to sustain revenue growth, manage operating costs, convert receivables into cash and maintain investment in productive capacity.
The company has already recorded significant growth in revenue and profit across the past two financial years. Its latest balance sheet also reflects a larger asset and equity base.
Future financial reports will show whether the company can maintain this momentum and how effectively it manages the increased working-capital requirements associated with its expansion.
For now, the June 2026 results show a business that ended the financial year with substantially higher revenue, stronger operating performance and a significantly improved profit position.
Weng Global – Stories beyond borders
Sources
- Nigerian Exchange Limited (NGX), Eunisell Interlinked Plc Year-End Financial Statement for the period ended June 30, 2026.
- Eunisell Interlinked Plc financial information and company disclosures.
- S&P Global Market Intelligence financial data as reported by StockAnalysis.
- S&P Capital IQ earnings report as published by MarketScreener.
