DEAP Capital Management & Trust Plc recorded a reduced net loss of ₦9.03 million for the financial year ended September 30, 2025, representing a significant improvement from the ₦19.27 million loss reported in the previous year.
Despite posting operational losses, the company’s total assets rose marginally to ₦303.44 million in 2025, up from ₦300.50 million in 2024, driven largely by its available-for-sale financial assets, which remained steady at ₦300.36 million.
In a statement made available on the Nigerian Exchange Limited (NGX) on Thursday, the company reported total income of ₦3.14 million in 2025, entirely from other income sources, as no fees or commission income was recorded for the year. Administrative expenses stood at ₦31.92 million, while finance costs amounted to ₦39,000.
This resulted in a loss before tax of ₦28.82 million. The absence of tax charges meant the entire loss was transferred to retained earnings. However, investment income of ₦19.79 million under other comprehensive income helped reduce the overall loss for the year to ₦9.03 million.
Earnings per share remained negative at –1 kobo, unchanged from the 2024 financial year.
DEAP Capital’s equity position remains deeply negative. Although accumulated losses narrowed to ₦5.21 billion from ₦5.83 billion in the previous year, total shareholders’ funds still stood at a deficit of ₦2.33 billion, compared to ₦2.94 billion in 2024.
Ordinary share capital remained unchanged at ₦750.33 million, while share premium stood at ₦448.48 million. Deposits for shares were stable at ₦1.61 billion.
Total liabilities fell significantly to ₦2.63 billion in 2025 from ₦3.24 billion in 2024. Borrowings dropped drastically to ₦437.35 million from ₦2.31 billion, reflecting improved debt management.
Other payables increased slightly to ₦335.85 million, while managed accounts remained unchanged at ₦569.44 million. Deferred income rose to ₦1.25 billion. Current and deferred tax liabilities were stable at ₦27.22 million and ₦7.89 million, respectively.
Cash and cash equivalents increased sharply to ₦2.38 million in 2025 from just ₦94,000 in the previous year. Loans and advances also rose to ₦700,000 from ₦40,000.
The financial statements were approved by the Board on November 25, 2025, and signed by Kenneth Olise – Chairman, Jonathan Idudu – Director, and Feyi Olaiye – Chief Finance Officer.
