Juli Plc Narrows H1 Loss to N12.9m Amid Revenue Drop

Juli Plc reported a narrowed loss after tax of N12.86 million for the first half of 2026, a 59.2% decrease from N31.54 million in the same period of 2025. This improvement occurred despite an 83.3% decline in revenue, which fell to N146.8 million from N269 million year-on-year.

The company's revenue drop affected all three business segments, with the Laboratory segment experiencing a 75.53% decline, Pharmaceutical goods down 46.19%, and Consumer goods down 40.32%. To counteract the revenue plunge, Juli Plc implemented aggressive cost-cutting strategies, reducing administrative expenses by 48.96% year-on-year, which helped maintain a gross profit margin of 33.1%.

The company's balance sheet showed a 27% decrease in assets, dropping from N196.303 million in H1 2025 to N143.047 million in H1 2026, primarily due to reduced inventories. Shareholders' equity fell to a deficit of N30.234 million, with retained losses increasing significantly.

Juli Plc's market capitalization stands at N1.5 billion, with a share price of N7.25.