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The Initiates Plc

TIP
NGX: TIP Delayed
27.85NGN 9.9%
0.0205 USD
As of 5 June 2026, The Initiates Plc has a market cap of $16.59M USD, ranking #38371 globally and #81 in Nigeria. It ranks #8789 in the Industrials sector, and #1100 in the Specialty Business Services industry.
Global Rank
38371
Country Rank
81
Sector Rank
8789
Industry Rank
1100
Key Stats
Market Cap
$16.59MUSD
22.56B NGN
Enterprise Value
$14.78MUSD
20.12B NGN
Revenue (TTM)
$8.6MUSD
11.7B NGN
EBITDA (TTM)
$3.87MUSD
5.26B NGN
Net Income (TTM)
$2.49MUSD
3.39B NGN
EBITDA Margin
45%
Profit Margin
29%
PE Ratio
6.7
PS Ratio
1.9
PB Ratio
3.9
EV/EBITDA
3.7
Company Profile
Country (HQ)
Sector
Industrials
Industry
Specialty Business Services
CEO
Reuben Ossai open_in_new
Employees
58
Founded
1995
Website
initiatesgroup.com open_in_new
warningChart data may be delayed
1d 1w 1m 3m 6m 1y
9.9% 36% 41% 86% 95% 505%

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Markets

Exchange Ticker Price
Nigerian Stock Exchange
MIC: XNSA
PRIMARY
TIP
The Initiates PLC
ISIN: NGINITSPLC05
Shares Out.:
969.287M1
TV:
SA:
YF:
TIP
GF:
BA:
TIP
MS:
27.85 NGN
1Market cap is calculated using shares outstanding.
2Float shares are publicly tradable shares, excluding insider-held stock.

About The Initiates Plc

The Initiates Plc provides waste management, industrial cleaning, and decontamination services. The company offers thermal destruction services for the destruction of chemical waste, medical waste, and other hazardous waste; decontamination, removal, and disposal services for asbestos and asbestos containing materials; waste water treatment systems; E-waste processing services comprising ODS reclamation, data destruction, screens, bulbs/fluorescents processing, and cable/batteries recycling; and thermal desorption services for the treatment of drill cuttings, hydrocarbon contaminated soil, and oily sludge. It also provides tank/FPSO/FSO-sludge evacuation services; tanks and vessels, boiler, and heat exchangers cleaning services; jetting and surface preparation services for industrial and commercial facilities; and pipe and drainage cleaning services. The Initiates Plc was incorporated in 1995 and is headquartered in Port Harcourt, Nigeria.

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