Aradel Holdings Plc (NGX:ARADEL)

Aradel Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	401,735	411,801	183,009	60,709	12,808	5,108
Cash & Short-Term Investments	401,735	411,801	183,009	60,709	12,808	5,108
Cash Growth	20.77%	125.02%	201.45%	373.99%	150.76%	-33.74%
Accounts Receivable	70,215	67,019	51,432	17,538	4,859	5,248
Other Receivables	1,351	1,734	2,091	233.07	84.62	1,740
Receivables	71,566	68,753	53,523	31,543	18,617	18,966
Inventory	37,289	46,902	15,973	9,371	4,954	3,420
Prepaid Expenses	371.73	332.98	82.61	99.32	205.01	291.81
Restricted Cash	-	10,405	11,610	-	-	-
Other Current Assets	21,760	496.05	312.8	352.06	-	-
Total Current Assets	532,722	538,691	264,510	102,074	36,584	27,786
Property, Plant & Equipment	682,414	676,637	383,428	223,695	195,809	162,335
Long-Term Investments	615,961	533,257	274,285	134,385	118,844	100,730
Other Intangible Assets	1,251	1,251	1,212	467.55	779.67	29.78
Long-Term Deferred Tax Assets	-	-	-	12,760	25,417	12,097
Total Assets	1,832,347	1,749,836	923,435	473,382	377,433	302,979
Accounts Payable	4,062	37,041	19,827	8,622	7,379	7,993
Accrued Expenses	56,644	61,231	27,719	11,293	6,745	3,912
Short-Term Debt	83,429	31,327	-	-	-	-
Current Portion of Long-Term Debt	23,326	24,128	17,622	17,725	7,666	7,161
Current Income Taxes Payable	60,346	35,402	14,422	4,510	2,705	345.79
Current Unearned Revenue	1,084	2,780	1,772	-	-	-
Other Current Liabilities	27,315	22,581	9,531	3,953	3,010	2,211
Total Current Liabilities	256,207	214,489	90,892	46,104	27,506	21,623
Long-Term Debt	35,909	40,945	44,350	36,023	13,544	19,074
Long-Term Deferred Tax Liabilities	61,774	53,352	18,386	-	-	-
Other Long-Term Liabilities	37,396	36,940	65,161	64,490	45,149	21,951
Total Liabilities	391,285	345,726	218,790	146,616	86,199	62,648
Common Stock	2,172	2,172	2,172	2,172	2,172	2,172
Additional Paid-In Capital	22,820	22,820	22,820	22,820	22,820	22,820
Retained Earnings	428,976	395,210	209,029	170,403	160,420	132,477
Comprehensive Income & Other	977,046	975,248	464,878	129,767	104,339	81,523
Total Common Equity	1,431,014	1,395,451	698,899	325,162	289,751	238,992
Minority Interest	10,049	8,659	5,745	1,604	1,483	1,340
Shareholders' Equity	1,441,063	1,404,110	704,645	326,766	291,234	240,331
Total Liabilities & Equity	1,832,347	1,749,836	923,435	473,382	377,433	302,979
Total Debt	142,664	96,399	61,972	53,748	21,210	26,235
Net Cash (Debt)	259,071	315,402	121,037	6,961	-8,402	-21,127
Net Cash Growth	2.24%	160.58%	1638.78%	-	-	-
Net Cash Per Share	59.63	72.59	27.86	1.60	-1.93	-4.86
Filing Date Shares Outstanding	4,345	4,345	4,345	4,345	4,345	4,345
Total Common Shares Outstanding	4,345	4,345	4,345	4,345	4,345	4,345
Working Capital	276,515	324,202	173,618	55,971	9,078	6,164
Book Value Per Share	329.36	321.17	160.86	74.84	66.69	55.01
Tangible Book Value	1,429,763	1,394,200	697,687	324,694	288,971	238,962
Tangible Book Value Per Share	329.07	320.89	160.58	74.73	66.51	55.00
Land	-	5,216	3,055	569	569	569
Buildings	-	5,855	3,425	976.75	976.75	976.03
Machinery	-	23,567	12,402	5,902	5,231	4,476

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.