Seplat Energy Balance Sheet

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

Millions USD. 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	332.33	469.86	450.11	404.34	324.49
Cash & Short-Term Investments	332.33	469.86	450.11	404.34	324.49
Cash Growth	-29.27%	4.39%	11.32%	24.61%	44.13%
Accounts Receivable	496.25	363.99	111.17	66.68	117.15
Other Receivables	-	399.46	173.88	183.14	128.53
Receivables	496.25	763.44	285.05	249.82	245.69
Inventory	340.77	472.58	52.43	55.41	74.96
Prepaid Expenses	33.25	34.26	10.54	1.24	1.73
Restricted Cash	126.35	132.21	27.03	23.94	16.03
Other Current Assets	24.36	17.73	133.17	148.1	13.95
Total Current Assets	1,353	1,890	958.32	882.84	676.84
Property, Plant & Equipment	3,594	3,661	1,660	1,690	1,639
Long-Term Investments	350.58	334.83	325.13	323.61	337.82
Other Intangible Assets	566.36	249.63	118.51	124.42	131.2
Long-Term Deferred Tax Assets	201.76	230.54	290.78	253.79	312.04
Other Long-Term Assets	15.65	31.28	42.23	57.49	66.79
Total Assets	6,082	6,397	3,395	3,332	3,163
Accounts Payable	912.89	366.64	121.24	108.65	120.43
Accrued Expenses	-	226.4	267.91	251.63	211.23
Current Portion of Long-Term Debt	72.57	449.59	89.24	74.32	60.66
Current Portion of Leases	20.32	15.9	1.34	4.03	3.09
Current Income Taxes Payable	214.43	127.87	78.56	56.51	46.35
Other Current Liabilities	9.71	511.52	146.3	102.8	39.15
Total Current Liabilities	1,230	1,698	704.59	597.94	480.91
Long-Term Debt	933.03	918.04	666.49	695.88	705.95
Long-Term Leases	46.7	57.66	-	-	0.48
Pension & Post-Retirement Benefits	2.72	50.09	2.01	6.44	10.15
Long-Term Deferred Tax Liabilities	1,214	1,052	98.27	78.35	103.74
Other Long-Term Liabilities	814.23	778.22	130.63	193.84	154.66
Total Liabilities	4,240	4,554	1,602	1,572	1,456
Common Stock	1.87	1.86	1.86	1.86	1.86
Additional Paid-In Capital	600.37	558.56	560.43	562.23	560.14
Retained Earnings	1,248	1,233	1,173	1,190	1,185
Treasury Stock	-69.35	-5.61	-4.29	-4.92	-4.92
Comprehensive Income & Other	45.85	38.98	37.33	27.52	24.12
Total Common Equity	1,827	1,827	1,769	1,776	1,766
Minority Interest	14.63	15.68	24.24	-16.51	-58.8
Shareholders' Equity	1,842	1,843	1,793	1,760	1,707
Total Liabilities & Equity	6,082	6,397	3,395	3,332	3,163
Total Debt	1,073	1,441	757.07	774.23	770.19
Net Cash (Debt)	-740.29	-971.33	-306.96	-369.89	-445.7
Net Cash Per Share	-1.25	-1.65	-0.52	-0.63	-0.76
Filing Date Shares Outstanding	599.49	588.45	588.45	601.68	584.04
Total Common Shares Outstanding	599.49	588.45	588.45	601.68	584.04
Working Capital	123.39	192.15	253.72	284.9	195.93
Book Value Per Share	3.05	3.10	3.01	2.95	3.02
Tangible Book Value	1,261	1,577	1,650	1,652	1,635
Tangible Book Value Per Share	2.10	2.68	2.80	2.75	2.80
Land	-	0.07	0.07	0.07	0.07
Buildings	-	60.94	3.89	3.89	3.89
Machinery	-	219.7	75.73	71.98	68.94
Leasehold Improvements	-	8.21	6.63	6.2	5.72

Source: S&P Global Market Intelligence. Standard template. Financial Sources.