John Holt Plc's Profit Plunges by 81% in 2025 Due to Revenue Halving and Weaker Operating Income

John Holt Plc reported a steep decline in profit by 81% for the year ending September 30, 2025, with revenue dropping by 54% to N1.45 billion compared to N3.15 billion in the previous year. The company's gross profit and operating profit also saw significant decreases, attributed to weaker demand in its power equipment, marine services, and industrial leasing sectors.

Despite a rise in total assets by 10% to N9.74 billion, the company's profit before tax fell to N364 million from N2.57 billion due to increased financial costs. Foreign exchange gains partially offset the financial pressures.

John Holt's financial performance was impacted by various factors, including foreign exchange volatility and high-interest rates in Nigeria.