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	2016 - 2020
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	2016 - 2020
Cash & Equivalents	253.05	494	204.18	311.69	331	473.93	Upgrade
Short-Term Investments	-	2.38	2.77	2.43	2.56	3.21	Upgrade
Cash & Short-Term Investments	253.05	496.38	206.95	314.12	333.55	477.14	Upgrade
Cash Growth	22.81%	139.86%	-34.12%	-5.83%	-30.09%	20.01%	Upgrade
Accounts Receivable	1,638	1,585	1,572	1,391	1,399	1,420	Upgrade
Other Receivables	133.19	15.99	29.87	17.75	14.58	11.53	Upgrade
Receivables	1,771	1,601	1,603	1,410	1,417	1,435	Upgrade
Prepaid Expenses	25.31	52.63	108.05	94.49	69.84	30.15	Upgrade
Restricted Cash	-	-	71.07	103.86	89.36	-	Upgrade
Other Current Assets	-	-	-	-	-	217.55	Upgrade
Total Current Assets	2,049	2,150	1,989	1,923	1,910	2,159	Upgrade
Property, Plant & Equipment	242.33	266.49	274.48	322.6	360.6	412.86	Upgrade
Long-Term Investments	-	-	-	21.07	19.6	18.97	Upgrade
Goodwill	489.67	491.32	515.78	512.7	512.72	527.22	Upgrade
Other Intangible Assets	79.48	87.96	109.05	123.68	125.77	144.35	Upgrade
Long-Term Deferred Tax Assets	312.72	272.03	219.64	214.83	214.19	198.83	Upgrade
Other Long-Term Assets	-	-	14.5	43.99	58.07	55.2	Upgrade
Total Assets	3,173	3,268	3,123	3,162	3,201	3,517	Upgrade
Accounts Payable	965.46	131.78	102.62	124.71	153.71	124.12	Upgrade
Accrued Expenses	-	805.73	785.14	889.42	751.63	835.4	Upgrade
Short-Term Debt	-	-	-	-	-	0.09	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	133.34	55.82	Upgrade
Current Portion of Leases	71.35	73.94	75.26	77.43	75.47	75.28	Upgrade
Current Income Taxes Payable	29.67	25.74	25.43	26.88	57.79	49.17	Upgrade
Current Unearned Revenue	-	90.54	91.8	79.72	52.69	57.79	Upgrade
Other Current Liabilities	231.73	273.34	233.36	39.89	65.52	96.5	Upgrade
Total Current Liabilities	1,298	1,401	1,314	1,238	1,290	1,294	Upgrade
Long-Term Debt	-	-	-	-	-	400	Upgrade
Long-Term Leases	289.1	305.46	303.88	331.98	348.49	369.66	Upgrade
Long-Term Deferred Tax Liabilities	97.2	68.56	41.05	56.96	89.51	100.8	Upgrade
Other Long-Term Liabilities	2.04	2.5	4.51	-	-	-	Upgrade
Total Liabilities	1,687	1,778	1,663	1,627	1,728	2,165	Upgrade
Common Stock	2.75	2.75	2.75	2.75	2.75	2.75	Upgrade
Additional Paid-In Capital	1,738	1,738	1,738	1,738	1,738	1,738	Upgrade
Retained Earnings	-187.19	-189.47	-291.81	-426.37	-412.69	-529.1	Upgrade
Treasury Stock	-96.51	-94.6	-93.86	-91.17	-72.17	-68.08	Upgrade
Comprehensive Income & Other	29.25	33.35	103.43	312.22	219.9	208.5	Upgrade
Total Common Equity	1,486	1,490	1,459	1,536	1,476	1,352	Upgrade
Minority Interest	0.75	0.73	1.09	-0.86	-3.36	0.08	Upgrade
Shareholders' Equity	1,487	1,491	1,460	1,535	1,473	1,352	Upgrade
Total Liabilities & Equity	3,173	3,268	3,123	3,162	3,201	3,517	Upgrade
Total Debt	360.44	379.4	379.14	409.41	557.3	900.85	Upgrade
Net Cash (Debt)	-107.39	116.99	-172.19	-95.29	-223.75	-423.71	Upgrade
Net Cash Per Share	-1.00	1.10	-1.63	-0.89	-1.98	-3.83	Upgrade
Filing Date Shares Outstanding	102.64	109.78	109.95	103.39	106.69	109.4	Upgrade
Total Common Shares Outstanding	102.64	109.78	109.95	103.39	106.69	109.4	Upgrade
Working Capital	751.01	749.29	675.71	684.74	619.58	865.3	Upgrade
Book Value Per Share	14.48	13.57	13.27	14.85	13.83	12.36	Upgrade
Tangible Book Value	916.97	910.57	833.78	899.16	837.4	680.62	Upgrade
Tangible Book Value Per Share	8.93	8.29	7.58	8.70	7.85	6.22	Upgrade
Machinery	-	121.11	123.93	120.15	110.6	124.13	Upgrade
Leasehold Improvements	-	52.66	54.1	53.7	49.31	51.13	Upgrade

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