Aradel Holdings Plc (NGX: ARADEL)

Aradel Holdings Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	422,206	194,619	60,709	12,808	5,108
Cash & Short-Term Investments	422,206	194,619	60,709	12,808	5,108
Cash Growth	116.94%	220.58%	373.99%	150.76%	-33.74%
Accounts Receivable	55,155	51,432	17,538	4,859	5,248
Other Receivables	2,270	2,091	233.07	84.62	1,740
Receivables	57,425	53,523	31,543	18,617	18,966
Inventory	47,838	15,973	9,371	4,954	3,420
Prepaid Expenses	332.98	82.61	99.32	205.01	291.81
Other Current Assets	496.05	312.8	352.06	-	-
Total Current Assets	528,298	264,510	102,074	36,584	27,786
Property, Plant & Equipment	682,927	383,428	223,695	195,809	162,335
Long-Term Investments	532,454	274,285	134,385	118,844	100,730
Other Intangible Assets	1,251	1,212	467.55	779.67	29.78
Long-Term Deferred Tax Assets	-	-	12,760	25,417	12,097
Total Assets	1,744,931	923,435	473,382	377,433	302,979
Accounts Payable	32,666	19,827	8,622	7,379	7,993
Accrued Expenses	31,017	27,719	11,293	6,745	3,912
Current Portion of Long-Term Debt	55,454	17,622	17,725	7,666	7,161
Current Income Taxes Payable	52,377	14,422	4,510	2,705	345.79
Current Unearned Revenue	1,793	1,772	-	-	-
Other Current Liabilities	45,586	9,531	3,953	3,010	2,211
Total Current Liabilities	218,893	90,892	46,104	27,506	21,623
Long-Term Debt	40,945	44,350	36,023	13,544	19,074
Long-Term Deferred Tax Liabilities	53,122	18,386	-	-	-
Other Long-Term Liabilities	39,086	65,161	64,490	45,149	21,951
Total Liabilities	352,045	218,790	146,616	86,199	62,648
Common Stock	2,172	2,172	2,172	2,172	2,172
Additional Paid-In Capital	22,820	22,820	22,820	22,820	22,820
Retained Earnings	384,035	209,029	170,403	160,420	132,477
Comprehensive Income & Other	975,203	464,878	129,767	104,339	81,523
Total Common Equity	1,384,230	698,899	325,162	289,751	238,992
Minority Interest	8,655	5,745	1,604	1,483	1,340
Shareholders' Equity	1,392,885	704,645	326,766	291,234	240,331
Total Liabilities & Equity	1,744,931	923,435	473,382	377,433	302,979
Total Debt	96,399	61,972	53,748	21,210	26,235
Net Cash (Debt)	325,807	132,647	6,961	-8,402	-21,127
Net Cash Growth	145.62%	1805.57%	-	-	-
Net Cash Per Share	74.99	610.59	32.04	-38.68	-97.25
Filing Date Shares Outstanding	4,345	217.24	217.24	217.24	217.24
Total Common Shares Outstanding	4,345	217.24	217.24	217.24	217.24
Working Capital	309,405	173,618	55,971	9,078	6,164
Book Value Per Share	318.59	3217.14	1496.77	1333.77	1100.12
Tangible Book Value	1,382,979	697,687	324,694	288,971	238,962
Tangible Book Value Per Share	318.30	3211.56	1494.62	1330.18	1099.98
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

Source: S&P Capital IQ. Standard template. Financial Sources.