The Initiates Plc turns Nigeria's waste problem into a profitable, fast-growing business. Its 2025 results show a company that more than doubled sales while keeping an unusually large share of every naira it earns. Full nameThe Initiates Plc Tickers / exchangeTIP / Nigerian Exchange (XNSA) HeadquartersPort Harcourt, Nigeria SectorWaste management and industrial cleaning Founded2002 (company profile) Market valueNot published in available sources Yearly sales (2025)₦11.70 billion (US$8.81 million) Net profit (2025)₦3.39 billion (US$2.55 million) Net margin29.0% (our calculation) Return on equity59.0% (our calculation) Total assets₦11.73 billion (US$8.83 million) Dividend yieldNot …
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