The Initiates reports N5 billion profit FY2025, on booming waste management services

Nairametrics | 01-04-2026 08:56pm |

The Initiates Plc has published its audited financial statement for 2025, reporting a pre-tax profit of N5.07 billion, highlighting a strong improvement in overall performance. This represents a 147.1% increase from N2.05 billion recorded in the previous year, mainly driven by revenue growth to N11.6 billion, up 150.9% year-on-year. Most of the revenue came from waste management services, generating N8.7 billion largely

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