University Press Plc Posts N619.7 Million Pre-Tax Profit for FY 2025, Marking Strong Turnaround

Revenue jumps 29%, other income surges over 500% as the publishing company rebounds from previous year’s loss.
University Press Plc has reported a pre-tax profit of N619.7 million for the financial year ended March 31, 2025, representing a remarkable 378.9% recovery from the N222.1 million loss recorded in the previous fiscal year. The sharp turnaround was primarily driven by robust revenue growth and a significant boost in other income.
Revenue Growth Fueled by Strong Sales in Educational Books
Revenue rose by 29.26% year-on-year, climbing from N2.6 billion in 2024 to N3.4 billion in 2025. According to the audited financial statements, the South West region was the company’s strongest performing market, accounting for the majority of sales.
All of University Press Plc’s revenue came from printed book sales, broken down as follows:
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Secondary school books: N1.7 billion (51.93% of total revenue)
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Primary school books: N1.5 billion (45.49%)
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Tertiary/general reference books: N87.6 million (2.58%)
Despite a 23.24% rise in the cost of sales, which increased from N1.1 billion to N1.4 billion, the company posted a 34.10% rise in gross profit, totaling N1.9 billion.
Other Income and Strategic Asset Disposal Bolster Bottom Line
The company’s profitability received a major lift from other income, which rose sharply from N62.6 million in the previous year to N407 million in 2025—an increase of over 549%. Notably, N311.3 million of this came from the disposal of property, plant, and equipment, suggesting strategic asset management played a pivotal role in the year’s turnaround.
This boost helped the company post operating profit of N541.3 million, reversing the N247.7 million operating loss recorded in 2024.
Finance Income and Reserves Strengthen Financial Position
Finance income also recorded impressive growth, surging by 206.43% from N25.5 million to N78.3 million, all derived from interest on fixed deposits.
On the balance sheet, net assets increased by 11% to N3.4 billion, while revenue reserves climbed to N2.05 billion, up from N1.61 billion the year prior. These improvements reflect strong internal capital growth and enhanced financial stability.
Key Financial Highlights (FY 2025 vs FY 2024)
| Metric | FY 2025 | YoY Change |
|---|---|---|
| Revenue | N3.4 billion | +29.26% |
| Cost of Sales | N1.4 billion | +23.24% |
| Gross Profit | N1.9 billion | +34.10% |
| Other Income | N407 million | +549.71% |
| Operating Profit | N541.3 million | +318.49% |
| Finance Income | N78.3 million | +206.43% |
| Pre-Tax Profit | N619.7 million | +378.93% |
| Net Assets | N3.4 billion | +11.00% |
Market Performance
As of market close on June 30, 2025, University Press Plc’s stock price stood at N5.60 per share, representing a year-to-date gain of 45.45%. The company’s strong financial recovery has been well-received by investors, reinforcing confidence in its strategic direction and long-term growth prospects.
Outlook
University Press Plc’s impressive turnaround underscores the company’s ability to navigate a challenging economic environment and adapt through effective asset management, regional sales optimization, and strategic focus on its core product offerings. With strong reserves and momentum heading into the next fiscal year, the publishing giant appears well-positioned to sustain growth and profitability.



