The Initiates Plc has published its financial statement for the year ending December 31, 2024, revealing a pre-tax profit of N2.05 billion.
This represents a solid 294.87% increase from the previous year’s profit of N519.7 million, fueled by a significant rise in revenue.
For the full year, revenue surged to N4.6 billion, reflecting a 152.15% growth from the N1.6 billion reported in the prior year, with waste management services accounting for the largest portion, followed closely by industrial cleaning services.