Ellah Lakes Plc has reported an operating loss of N1.87 billion for the seventeen months ended December 31, 2025, as rising administrative and personnel costs continued to outpace revenue growth.
The results were contained in the company’s consolidated unaudited financial statements released to the investing public and filed with the Nigerian Exchange (NGX) on Tuesday, February 3, 2026.
While revenue and other income recorded notable improvements during the period, high operating expenses, finance costs, and weak cost controls weighed heavily on overall performance, deepening accumulated losses.