TIP — THE INITIATES Disclosures
2 filings on the Nigerian Exchange Group.
Corporate Action 4 May 2026
THE INITIATES PLC-RESOLUTIONS OF THE 27TH AGM OF THE INITIATES PLC
THE INITIATES PLC WASTE MANAGERS & INDUSTRIAL CLEANERS RC266755 ANOSIKEH.J. O (CHAIRMAN) OSSAI, R.M (CEO/ MD) OBOH-GODWIN OVIEMUNO. (NON-EXECUTIVE) CHRISTIAN OGIDI (EXECUTIVE DIRECTOR) CHIJIOKE MBAGWU (EXECUTIVE DIRECTOR) Plot 400, Location (New) Road Off Aba/PH Express Rd, By Oyigbo Junction Umuebule 5(502103) Port Harcourt, Rivers State
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Financial Results 30 Apr 2026
THE INITIATES PLC- QUARTER 1 - FINANCIAL STATEMENT FOR 2026
FINANCIAL HIGHLIGHTS:
• PAT: ₦1.125 billion (261.10% YoY growth)
• EPS: ₦1.26
• Equity: ₦6.898 billion
• Shares: 889,981,552
• ROE: 16%
KEY NOTES:
• Revenue from contracts with customers increased by 196.68% YoY to ₦3.573 billion.
• Total assets increased by 128.74% YoY to ₦13.525 billion.
• The company proposed a dividend of 30 kobo per ordinary share payable out of the profit for the year ended 31 December 2025.
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