Northern Nigeria Flour Mills Plc (NNFM) has seen a substantial drop in the profit it generates from its revenue.
The company’s 9-month results for the period ending December 2025 reveal a decline in gross profit, operating margins, and a loss after tax; marking the worst performance in five years.
Despite earning N18.38 billion in revenue, NNFM was only able to retain N1.33 billion as gross profit, N84 million as operating profit, and a loss of N144 million after tax.