University Press Plc Reports N3.895bn Revenue Growth

University Press Plc, led by Chairman Obafunso Ogunkeye, announced a revenue increase of approximately 14% to N3.895 billion for the financial year ending March 31, 2026, up from N3.402 billion the previous year. The company reported a profit after tax of N213.7 million, down from N450.6 million.

Ogunkeye noted that the growth was broad-based, particularly in primary education titles, despite challenges such as high energy and transport costs, elevated interest rates, and security concerns affecting operations. Marketing and distribution expenses rose to N775.7 million, while administrative expenses remained stable at approximately N1.134 billion.

The Managing Director and CEO, Samuel Kolawole, highlighted that the company remained largely debt-free, closing the year with cash and cash equivalents of about N950 million and total equity increasing to approximately N3.54 billion from N3.41 billion in the previous year. The company aims to improve production efficiency and optimize pricing strategies to recover from cost increases.