Investor Presentaiton

Sugar Segment Achieved 43% growth in segment revenue with PBT impacted by 3.9bn in FX loss due to FX rate volatility SUGAR SEGMENT 40% H1'24 H1'23 % Chg Q2'24 Q2'23 % Chg H1'24 revenue Revenue 149.2 104.7 43 82.7 49.6 67 Profit before tax 0.8 1.9 (58) 1.1 0.2 368 growth in GSC (apapa - White sugar) FMN Food and Agro-Allied Group 40% revenue growth in the sugar value chain driven by modest price increases and continuous customer engagements. GSC continued its investment in backward integration plans in the sugar value chain to grow its sugar cane production capacity. NEW OLDEN PENN GOLDEN PENN FOODS The HOME GOOD FOOD FOODS SUNTI PREMIUM BROWN GRANULATED SUGAR E SUNTI REMIUM BROWN RANULATED SUGAR A 100% 100% . Demand in Northern Nigeria as well as with other customers for Brown sugar continues to increase.. Consequently, Sunti achieved a 141% improvement in revenue driven by volume and modest pricing increases. 141% H124 Sunti(Brown sugar) Revenue produced PB was impacted by the FX volatility with the profitability in Q2 stabilizing and foreseen to further improve.. FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24

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