C & I Leasing : AND I LEASING PL. EARNINGFORAST

December 22, 2023.

The Director-General,

The Nigerian Stock Exchange

Stock Exchange Building,

2/4, Customs Street, Marina, Lagos.

Dear Sir,

EARNINGS FORECAST FOR THE FOURTH QUARTER ENDING DECEMBER 31, 2023.

The above refers.

Please find attached C&I Leasing Plc's Q.4 2023 Group Earnings Forecast for the period ending December 31, 2023.

Thank you as you acknowledge receipt.

Yours faithfully

For: C & I LEASING PLC

ADESOJI AIYEOLA	OKEY NNAKE
Head of Finance	Chief Financial Officer

Directors:

Chief Chukwumah H. Okolo (Chairman). Chukwuemeka Ndu (Vice Chairman),

Andrew Otike-Odibi(ManagingDirector/CEO), Alex Mbakogu (Executive),

Omotunde Alao -Oiaifa (Non-Executive),lkechukwu Duru (Independent Non-Executive),

Larry Ademeso (Non-Executive),Jacob Kholi (Non-Executive),Sule Ugboma (Non-Executive)

C&I LEASING PLC

EARNINGS FORECAST

QUARTER	FOURTH
FROM	01/10/2023
TO	31/12/2023
	NGN
TURNOVER/REVENUE	5,966,335,384
COST OF SALES	(2,310,043,898)
GROSS PROFIT	3,656,291,486
MARKETING DISTRIBUTION AND ADMIN EXPENSES	(1,695,859,013)
OTHER INCOME	-
INTEREST INCOME	-
INTEREST PAYABLE AND SIMILAR CHARGES	(1,656,518,541)
PROFIT/LOSS(BEFORE TAX)	303,913,932
FORECAST TAXATION	(125,864,734)
PROFIT/(LOSS) AFTER TAX	178,049,198
CASH FROM OPERATING ACTIVITIES	2,628,096,858
OPERATING CASHFLOW BEFORE WORKING CAPITAL CHANGES	207,583,301
NET CASH GENERATED FROM OPERATING ACTIVITIES	2,835,680,159
CASH FLOW FROM INVESTING ACTIVITIES	(384,375,000)
CASH FLOW FROM FINANCING ACTIVITIES	(2,008,818,757)
NET DECREASE IN NET CASH & CASH EQUIVALENTS	442,486,402
CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD	116,416,656
CASH BANK BALANCE AT THE END OF THE YEAR	558,903,058

Directors:

Chief Chukwumah H. Okolo (Chairman). Chukwuemeka Ndu (Vice Chairman),

Andrew Otike-Odibi(ManagingDirector/CEO), Alex Mbakogu (Executive),

Omotunde Alao -Oiaifa (Non-Executive),lkechukwu Duru (Independent Non-Executive),

Larry Ademeso (Non-Executive),Jacob Kholi (Non-Executive),Sule Ugboma (Non-Executive)