The Managing Director/CEO Nigerian Exchange Limited Stock Exchange House
2/4 Customs Street Lagos
Dear Sir,
FIRST QUARTER 2026 EARNINGS FORECAST
Please find attached herewith our Earning forecast for the first quarter commencing from January 1, 2026 to March 31, 2026.
Kindly acknowledge receipt. Thank you.
Yours faithfully
For: Multiverse Mining and Exploration Plc.
Alabidun Mahmud Bayo Equity Union Limited
(Corporate Secretaries/Nominees)
MULTIVERSE MINING AND EXPLORATION PLC
FIRST QUARTER EARNINGS FORECAST ( JAN. - MARCH ) 2026
)
JAN
FEB
MAR TOTAL
QUARRY OPERATIONS INCOME
)
14,100,000.00 )
14,150,000.00 l
14,604,763.48 ) 42,854,763.48
MINE OPERATIONS INCOME
l
120,000,000.00 )
140,000,000.00
150,000,000.00 410,000,000.00
SUB TOTAL
|
134,100,000.00 |
154,150,000.00 l
164,604,763.48 452,8S4,763.48
COST OF SALES (LOGISTICS)
(2,416,000.00)
(2,416,000.00)
(2,416,000.00)
(7,248,000.00)
GROSS PROFIT
131,6B4,000.00
151,734,000.00
162,188,763.48
445,606,763.48
SELLING & DISTRIBUTION COST
ADMINISTRATIVE EXPENSES
(17,963,054.74)
(21,857,054.74)
(42,397,054.74)
(82,217,164.22)
LOAN REPAYMENT
(46,843,971.63)
(46,843,971.63)
(146,843,971.63)
(240,531,914.89)
TOTAL LOAN & ADMIN EXPS
(64,807,026.37)
(68,701,026.37)
(189,241,026.37)
(322,7A9,079.11
)
OPERAT!NGPROFTT/(LO5S)
66,876,973.63
B3,032,973.63
(27,052,26Z.89)
122,857,684.37
PROFIT BEFORE INTEREST & TAX
66,876,973.63
83,032,973.63
(27,052,262.89)
122,857.684.37
PROFIT BEFORE TAX
66,876,973.63
83,032,973.63
(27,052,262.89)) 122,857,684.37
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Disclaimer
Multiverse Mining and Exploration plc published this content on January 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 12, 2026 at 08:44 UTC.
Multiverse Mining and Exploration Plc specializes in mining extraction and granite quarrying. The group also develops granite crushing and screening activities.
At the end of 2021, the group has 8 mining interests and 2 granite quarries located in Nigeria.