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Nigerian Stock Exchange

Last update 26 Jun 2026

TIP · TIP.LG

Nigeria · Industrials · Environmental Services & Equipment · NGN

Price history

The Initiates Plc is a Nigeria-based company, which is engaged in waste management services, E-waste management services and industrial cleaning and decontamination services. Its segments are Industrial cleaning services and Waste management services. The Company offers services, including Consultancy Services, Industrial Cleaning, Treatment and Disposal of Waste, Construction and Operation of waste management facility, Thermal Desorption Services, Onsite Drilling Waste Management, Waste Incineration Services, E-Waste Processing Services, Decontamination Services, and Municipal Solid Waste Management Services. The Industrial cleaning services include pressure jetting systems, vacuum transfer systems, and automated tank cleaning systems. The Company provides solutions for waste types, including drill cuttings, oily sludge, and contaminated soil treatment. It also operates a material recovery facility and a wastewater facility. It designs, constructs, and operates portable plants.

Fundamentals

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Metric  (NGN, B) 2024 2023 2022 2021 2020
Revenue Total Revenue 5
EBITDA 2
EBIT 2
Net income Net Income 1
Operating margin 43%
Net margin 30%