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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	411,833	411,801	183,009	60,709	12,808	5,108
Cash & Short-Term Investments	411,833	411,801	183,009	60,709	12,808	5,108
Cash Growth	-14.05%	125.02%	201.45%	373.99%	150.76%	-33.74%
Accounts Receivable	78,219	67,019	51,432	17,538	4,859	5,248
Other Receivables	15,072	1,734	2,091	233.07	84.62	1,740
Receivables	93,290	68,753	53,523	31,543	18,617	18,966
Inventory	38,204	46,902	15,973	9,371	4,954	3,420
Prepaid Expenses	1,206	332.98	82.61	99.32	205.01	291.81
Restricted Cash	-	10,405	11,610	-	-	-
Other Current Assets	764.06	496.05	312.8	352.06	-	-
Total Current Assets	545,298	538,691	264,510	102,074	36,584	27,786
Property, Plant & Equipment	672,072	676,637	383,428	223,695	195,809	162,335
Long-Term Investments	739,653	533,257	274,285	134,385	118,844	100,730
Other Intangible Assets	1,009	1,251	1,212	467.55	779.67	29.78
Long-Term Deferred Tax Assets	-	-	-	12,760	25,417	12,097
Total Assets	1,958,031	1,749,836	923,435	473,382	377,433	302,979
Accounts Payable	68,650	37,041	19,827	8,622	7,379	7,993
Accrued Expenses	25,607	61,231	27,719	11,293	6,745	3,912
Short-Term Debt	12,629	31,327	-	-	-	-
Current Portion of Long-Term Debt	71,855	24,128	17,622	17,725	7,666	7,161
Current Income Taxes Payable	55,084	35,402	14,422	4,510	2,705	345.79
Current Unearned Revenue	470.44	2,780	1,772	-	-	-
Other Current Liabilities	34,310	22,581	9,531	3,953	3,010	2,211
Total Current Liabilities	268,604	214,489	90,892	46,104	27,506	21,623
Long-Term Debt	122,022	40,945	44,350	36,023	13,544	19,074
Long-Term Deferred Tax Liabilities	45,072	53,352	18,386	-	-	-
Other Long-Term Liabilities	23,858	36,940	65,161	64,490	45,149	21,951
Total Liabilities	459,556	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	542,487	395,210	209,029	170,403	160,420	132,477
Comprehensive Income & Other	921,368	975,248	464,878	129,767	104,339	81,523
Total Common Equity	1,488,847	1,395,451	698,899	325,162	289,751	238,992
Minority Interest	9,628	8,659	5,745	1,604	1,483	1,340
Shareholders' Equity	1,498,475	1,404,110	704,645	326,766	291,234	240,331
Total Liabilities & Equity	1,958,031	1,749,836	923,435	473,382	377,433	302,979
Total Debt	206,505	96,399	61,972	53,748	21,210	26,235
Net Cash (Debt)	205,328	315,402	121,037	6,961	-8,402	-21,127
Net Cash Growth	-48.81%	160.58%	1638.78%	-	-	-
Net Cash Per Share	47.26	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	276,693	324,202	173,618	55,971	9,078	6,164
Book Value Per Share	342.67	321.17	160.86	74.84	66.69	55.01
Tangible Book Value	1,487,838	1,394,200	697,687	324,694	288,971	238,962
Tangible Book Value Per Share	342.44	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.