Fan Milk Balance Sheet

Financials in millions GHS. Fiscal year is January - December.

Millions GHS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	231.61	109.11	65.92	61.32	65.58
Cash & Short-Term Investments	231.61	109.11	65.92	61.32	65.58
Cash Growth	112.28%	65.51%	7.51%	-6.50%	21.40%
Accounts Receivable	142.58	184.09	237.87	168.8	123.56
Other Receivables	42.43	3.17	7.01	6.49	12.51
Receivables	185.01	187.27	244.88	175.29	136.07
Inventory	99.46	114.21	105.55	150.98	168.08
Prepaid Expenses	-	5.62	6.32	5.59	4.75
Total Current Assets	516.08	416.2	422.68	393.18	374.49
Property, Plant & Equipment	164.4	166.67	158.51	182.33	196.04
Other Intangible Assets	-	-	0.25	0.55	1.03
Long-Term Deferred Tax Assets	7.86	7.86	8.81	8	-
Other Long-Term Assets	0	-	-	-	-
Total Assets	688.34	590.73	590.25	584.06	571.56
Accounts Payable	315.77	186.9	201.34	222.89	169.78
Accrued Expenses	0.16	39.23	39.93	37.04	25.12
Current Portion of Leases	1.49	2.27	1.51	3.09	1.61
Current Income Taxes Payable	37.38	8.35	-	-	-
Other Current Liabilities	0.6	78.22	57.87	39.66	82.76
Total Current Liabilities	355.41	314.96	300.65	302.69	279.27
Long-Term Debt	-	-	55	70	40
Long-Term Leases	1.3	2.26	5.06	5.71	3.49
Pension & Post-Retirement Benefits	0.77	0.77	0.45	0.59	0.22
Long-Term Deferred Tax Liabilities	-	-	-	-	1.91
Other Long-Term Liabilities	0	-	-	-	-
Total Liabilities	357.48	317.99	361.16	378.98	324.89
Common Stock	10	4.02	4.02	4.02	4.02
Retained Earnings	320.85	262.74	219.09	195.08	236.68
Comprehensive Income & Other	-	5.98	5.98	5.98	5.98
Shareholders' Equity	330.85	272.74	229.09	205.08	246.68
Total Liabilities & Equity	688.34	590.73	590.25	584.06	571.56
Total Debt	2.79	4.53	61.57	78.8	45.1
Net Cash (Debt)	228.82	104.58	4.36	-17.48	20.48
Net Cash Growth	118.81%	2300.18%	-	-	-60.21%
Net Cash Per Share	1.97	0.90	0.04	-0.15	0.18
Filing Date Shares Outstanding	116.21	116.21	116.21	116.21	116.21
Total Common Shares Outstanding	116.21	116.21	116.21	116.21	116.21
Working Capital	160.67	101.24	122.03	90.49	95.22
Book Value Per Share	2.85	2.35	1.97	1.76	2.12
Tangible Book Value	330.85	272.74	228.84	204.53	245.64
Tangible Book Value Per Share	2.85	2.35	1.97	1.76	2.11
Land	-	3.83	3.83	3.83	3.83
Buildings	-	51.58	51.41	51.41	51.94
Machinery	-	290.17	301.51	317.89	306.4
Construction In Progress	-	42.43	11.09	3.72	6.64

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