Berger Paints Nigeria Balance Sheet

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

Millions NGN. 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	2,058	237.19	802.29	495.84	217.63
Short-Term Investments	281.15	446.98	257.12	359.75	317.61
Cash & Short-Term Investments	2,339	684.17	1,059	855.59	535.24
Cash Growth	241.84%	-35.42%	23.82%	59.85%	-14.22%
Accounts Receivable	268.22	242.08	205.27	132.17	215.52
Other Receivables	298.71	94.34	2.07	30.15	8.96
Receivables	566.93	336.41	207.33	162.32	224.48
Inventory	2,747	3,302	2,148	1,367	1,167
Prepaid Expenses	80.87	24.38	67.69	48.29	19.27
Other Current Assets	183.6	199.78	222.15	212.43	100.79
Total Current Assets	5,917	4,547	3,705	2,645	2,046
Property, Plant & Equipment	3,235	2,934	2,874	2,813	3,008
Other Intangible Assets	96.78	40.72	17.6	27.83	36.15
Other Long-Term Assets	-0	-	-	42.05	20.12
Total Assets	9,249	7,521	6,597	5,529	5,111
Accounts Payable	517.47	881.47	627	681.28	463.76
Accrued Expenses	183.58	439.2	358.33	183.07	271.52
Current Portion of Long-Term Debt	98.8	117.97	22.4	25.13	89.82
Current Portion of Leases	-	-	-	-	47.68
Current Income Taxes Payable	807.04	485.79	184.33	14.76	8.62
Current Unearned Revenue	651.17	451.68	345.96	243.77	163.09
Other Current Liabilities	991.23	473.2	527.95	542.19	394.57
Total Current Liabilities	3,249	2,849	2,066	1,690	1,439
Long-Term Debt	419.44	219.99	322.82	-	7.88
Long-Term Unearned Revenue	134.84	83.77	166.14	59.01	109.3
Long-Term Deferred Tax Liabilities	539.93	539.93	533.75	455.88	323.73
Other Long-Term Liabilities	-	0	-	-	-
Total Liabilities	4,343	3,693	3,089	2,205	1,880
Common Stock	144.91	144.91	144.91	144.91	144.91
Additional Paid-In Capital	635.07	635.07	635.07	635.07	635.07
Retained Earnings	4,125	3,048	2,728	2,543	2,451
Shareholders' Equity	4,905	3,828	3,508	3,323	3,231
Total Liabilities & Equity	9,249	7,521	6,597	5,529	5,111
Total Debt	518.24	337.96	345.22	25.13	145.37
Net Cash (Debt)	1,821	346.21	714.19	830.45	389.86
Net Cash Growth	425.84%	-51.52%	-14.00%	113.01%	15.58%
Net Cash Per Share	6.29	1.19	2.46	2.87	1.35
Filing Date Shares Outstanding	289.82	289.82	289.82	289.82	289.82
Total Common Shares Outstanding	289.82	289.82	289.82	289.82	289.82
Working Capital	2,668	1,698	1,639	955.22	607.33
Book Value Per Share	16.92	13.21	12.10	11.47	11.15
Tangible Book Value	4,808	3,788	3,490	3,296	3,195
Tangible Book Value Per Share	16.59	13.07	12.04	11.37	11.02
Land	-	390	390	390	390
Buildings	-	1,473	1,313	1,313	1,310
Machinery	-	2,322	2,060	1,968	1,926
Construction In Progress	-	-	134.15	-	-

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