Ellah Lakes Plc’s latest financials paint a picture of a company still in the early, challenging phase of its turnaround. For the 12‑month period ended 31 July 2025, the firm reported revenue of about ₦139.8 million, a sharp jump from essentially ₦0.00 the previous year. However, this growth came with heavy losses: the company recorded a loss after tax of about ₦1.59 billion, compared with a smaller loss of about ₦754 million in the prior period. In a separate 17‑month report covering the period to 31 December 2025, Ellah Lakes posted revenue of roughly ₦146.7 million but an operating loss of about ₦1.87 billion, translating to a loss per share of –₦0.60. These figures highlight the huge cost base and ongoing restructuring pressures the company is managing, even as it begins to generate real income from its operations.Overall, the story here is growth in revenue, but not yet profitability—a crucial detail for any investor considering Ellah Lakes shares.
“What do you think: is this the kind of high‑risk, early‑turnaround story you’d invest in—or wait until the losses shrink?”
“What do you think: is this the kind of high‑risk, early‑turnaround story you’d invest in—or wait until the losses shrink?”