Inqo Investments Balance Sheet

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	33.39	48.82	43.77	36.17	0.67	0.99
Short-Term Investments	-	-	-	-	-	0.44
Cash & Short-Term Investments	33.39	48.82	43.77	36.17	0.67	1.43
Cash Growth	-44.72%	11.54%	21.02%	5282.69%	-53.12%	-90.85%
Accounts Receivable	2.34	1.77	1.34	0.93	0.12	3.14
Other Receivables	0.2	0.89	3.38	1.2	1.8	-
Receivables	2.53	2.66	4.72	2.14	1.92	3.14
Inventory	4.1	4.14	4.3	4.86	4.06	4.26
Prepaid Expenses	-	0.94	1.34	0.99	0.82	-
Other Current Assets	1.07	1.07	0.98	2.79	4.25	8.56
Total Current Assets	41.09	57.63	55.1	46.95	11.73	17.4
Property, Plant & Equipment	150.6	150.14	152.05	154.29	128.8	131.82
Long-Term Investments	42.68	30.45	7.31	9.02	8.47	11.52
Other Intangible Assets	0	0	0	0	0	0.01
Total Assets	234.37	238.22	214.46	210.26	149	160.74
Accounts Payable	3.57	0.59	0.61	2.65	1.72	6.7
Accrued Expenses	-	0.78	0.89	1.79	2.17	-
Short-Term Debt	-	-	0.07	0.15	0.69	-
Current Portion of Leases	-	-	0.08	0.21	0.17	0.15
Current Unearned Revenue	14.06	29.48	32.85	35.07	-	-
Other Current Liabilities	0.01	1.95	2.19	4.07	2.88	0.25
Total Current Liabilities	17.64	32.8	36.68	43.93	7.63	7.1
Long-Term Debt	1.63	1.67	22.36	4.51	0.9	0.88
Long-Term Leases	1.43	-	-	0.08	0.26	0.41
Long-Term Deferred Tax Liabilities	2.19	2.95	3.81	4.81	1.74	3.34
Total Liabilities	22.9	37.41	62.84	53.33	10.54	11.73
Common Stock	81.86	81.86	72.58	72.58	72.58	71.81
Additional Paid-In Capital	108.3	108.3	87.59	87.59	87.59	86.29
Retained Earnings	-65.52	-76.2	-95.36	-90.1	-93.96	-81.58
Comprehensive Income & Other	86.24	86.24	86.69	86.69	72.02	72.02
Total Common Equity	210.88	200.2	151.5	156.76	138.22	148.53
Minority Interest	0.59	0.6	0.12	0.16	0.25	0.48
Shareholders' Equity	211.47	200.81	151.62	156.92	138.47	149.02
Total Liabilities & Equity	234.37	238.22	214.46	210.26	149	160.74
Total Debt	3.06	1.67	22.5	4.95	2.03	1.43
Net Cash (Debt)	30.33	47.15	21.27	31.22	-1.36	-0
Net Cash Growth	-48.40%	121.70%	-31.87%	-	-	-
Net Cash Per Share	-	2.92	1.47	2.15	-0.09	-0.00
Filing Date Shares Outstanding	-	16.37	14.52	14.52	14.5	15.44
Total Common Shares Outstanding	-	16.37	14.52	14.52	14.5	15.44
Working Capital	23.44	24.83	18.43	3.02	4.1	10.3
Book Value Per Share	-	12.23	10.44	10.80	9.53	9.62
Tangible Book Value	210.88	200.2	151.5	156.76	138.22	148.53
Tangible Book Value Per Share	-	12.23	10.44	10.80	9.53	9.62
Land	-	105.6	111.76	102.67	93.02	-
Buildings	-	67.23	61.23	61.08	51.6	-
Machinery	-	18.97	18.15	19.31	19.07	-

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.