Adcorp Holdings 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	253.05	494	204.18	311.69	331	473.93
Short-Term Investments	-	2.38	2.77	2.43	2.56	3.21
Cash & Short-Term Investments	253.05	496.38	206.95	314.12	333.55	477.14
Cash Growth	22.81%	139.86%	-34.12%	-5.83%	-30.09%	20.01%
Accounts Receivable	1,638	1,585	1,572	1,391	1,399	1,420
Other Receivables	133.19	15.99	29.87	17.75	14.58	11.53
Receivables	1,771	1,601	1,603	1,410	1,417	1,435
Prepaid Expenses	25.31	52.63	108.05	94.49	69.84	30.15
Restricted Cash	-	-	71.07	103.86	89.36	-
Other Current Assets	-	-	-	-	-	217.55
Total Current Assets	2,049	2,150	1,989	1,923	1,910	2,159
Property, Plant & Equipment	242.33	266.49	274.48	322.6	360.6	412.86
Long-Term Investments	-	-	-	21.07	19.6	18.97
Goodwill	489.67	491.32	515.78	512.7	512.72	527.22
Other Intangible Assets	79.48	87.96	109.05	123.68	125.77	144.35
Long-Term Deferred Tax Assets	312.72	272.03	219.64	214.83	214.19	198.83
Other Long-Term Assets	-	-	14.5	43.99	58.07	55.2
Total Assets	3,173	3,268	3,123	3,162	3,201	3,517
Accounts Payable	965.46	131.78	102.62	124.71	153.71	124.12
Accrued Expenses	-	805.73	785.14	889.42	751.63	835.4
Short-Term Debt	-	-	-	-	-	0.09
Current Portion of Long-Term Debt	-	-	-	-	133.34	55.82
Current Portion of Leases	71.35	73.94	75.26	77.43	75.47	75.28
Current Income Taxes Payable	29.67	25.74	25.43	26.88	57.79	49.17
Current Unearned Revenue	-	90.54	91.8	79.72	52.69	57.79
Other Current Liabilities	231.73	273.34	233.36	39.89	65.52	96.5
Total Current Liabilities	1,298	1,401	1,314	1,238	1,290	1,294
Long-Term Debt	-	-	-	-	-	400
Long-Term Leases	289.1	305.46	303.88	331.98	348.49	369.66
Long-Term Deferred Tax Liabilities	97.2	68.56	41.05	56.96	89.51	100.8
Other Long-Term Liabilities	2.04	2.5	4.51	-	-	-
Total Liabilities	1,687	1,778	1,663	1,627	1,728	2,165
Common Stock	2.75	2.75	2.75	2.75	2.75	2.75
Additional Paid-In Capital	1,738	1,738	1,738	1,738	1,738	1,738
Retained Earnings	-187.19	-189.47	-291.81	-426.37	-412.69	-529.1
Treasury Stock	-96.51	-94.6	-93.86	-91.17	-72.17	-68.08
Comprehensive Income & Other	29.25	33.35	103.43	312.22	219.9	208.5
Total Common Equity	1,486	1,490	1,459	1,536	1,476	1,352
Minority Interest	0.75	0.73	1.09	-0.86	-3.36	0.08
Shareholders' Equity	1,487	1,491	1,460	1,535	1,473	1,352
Total Liabilities & Equity	3,173	3,268	3,123	3,162	3,201	3,517
Total Debt	360.44	379.4	379.14	409.41	557.3	900.85
Net Cash (Debt)	-107.39	116.99	-172.19	-95.29	-223.75	-423.71
Net Cash Per Share	-1.00	1.10	-1.63	-0.89	-1.98	-3.83
Filing Date Shares Outstanding	102.64	109.78	109.95	103.39	106.69	109.4
Total Common Shares Outstanding	102.64	109.78	109.95	103.39	106.69	109.4
Working Capital	751.01	749.29	675.71	684.74	619.58	865.3
Book Value Per Share	14.48	13.57	13.27	14.85	13.83	12.36
Tangible Book Value	916.97	910.57	833.78	899.16	837.4	680.62
Tangible Book Value Per Share	8.93	8.29	7.58	8.70	7.85	6.22
Machinery	-	121.11	123.93	120.15	110.6	124.13
Leasehold Improvements	-	52.66	54.1	53.7	49.31	51.13

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