Multiverse Mining Forecasts N100.47m Pre-tax Profit for Q2

Multiverse Mining and Exploration Plc has projected a profit before tax of about N100.47 million for the second quarter ending June 30, 2026, according to its earnings forecast submitted to the Securities and Exchange Commission (SEC).

The company expects to generate total revenue of N462.75 million during the three-month period from April to June 2026, driven largely by income from its mining and quarry operations.

A breakdown of the forecast shows that quarry operations are expected to contribute N40.85 million, while mine operations income is projected at N271.89 million. The company also expects N150 million from other loan inflows, bringing the projected total income to N462.75 million.

Multiverse Mining estimates that cost of sales (logistics) will amount to N3.65 million, leaving the company with a gross profit of N459.10 million for the quarter.

Administrative expenses are projected at N70.12 million, while loan repayments are expected to reach N288.51 million during the period. This brings total administrative and loan-related expenses to N358.63 million.

After accounting for these costs, the company forecasts an operating profit of N100.47 million, which is also expected to translate to the same figure as profit before tax for the quarter.

On a monthly basis, the firm expects N17.51 million profit before tax in April, N34.13 million in May, and N48.83 million in June, indicating stronger earnings performance toward the end of the quarter.

The forecast is based on several assumptions, including stable government economic policies, steady fiscal and monetary conditions, stable material prices, cordial relations with host communities, and the absence of major technical disruptions at its mining and quarry sites.