NGX:CAVERTON 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	690.52	447.86	20,439	3,005	6,734
Short-Term Investments	-	-	490.14	484.37	450
Cash & Short-Term Investments	690.52	447.86	20,929	3,490	7,184
Cash Growth	54.18%	-97.86%	499.73%	-51.42%	443.40%
Accounts Receivable	27,963	10,888	4,687	7,846	4,435
Other Receivables	-	865.47	2,517	1,665	1,172
Receivables	27,963	11,753	7,204	9,511	5,606
Inventory	9,342	9,388	9,292	9,140	8,730
Prepaid Expenses	41.54	9.11	21.17	1.77	234.45
Other Current Assets	-	26,026	10,098	19,850	18,532
Total Current Assets	38,037	47,624	47,545	41,992	40,287
Property, Plant & Equipment	71,225	22,314	25,487	26,077	32,769
Long-Term Investments	977.39	181.07	13.51	7.98	246.43
Goodwill	6,027	6,027	6,027	6,027	6,027
Other Intangible Assets	-	17.74	90.46	161.48	233.3
Long-Term Deferred Tax Assets	-	-	155.58	190.52	237.5
Other Long-Term Assets	-0	-	-	-	-
Total Assets	116,266	76,164	79,318	74,456	79,800
Accounts Payable	49,333	37,736	13,005	9,477	15,942
Accrued Expenses	-	7,909	6,436	4,857	223.11
Short-Term Debt	539.7	1,835	1,178	1,768	-
Current Portion of Long-Term Debt	34,985	25,808	17,509	15,576	18,011
Current Portion of Leases	4,661	7,071	5,321	4,622	2,932
Current Income Taxes Payable	-	1,335	1,144	1,009	942.01
Current Unearned Revenue	-	51.96	47.53	256.25	949.98
Other Current Liabilities	0	13,243	5,385	3,871	4,100
Total Current Liabilities	89,519	94,989	50,026	41,436	43,100
Long-Term Debt	30,262	27,032	20,818	14,699	14,511
Long-Term Leases	6,178	8,379	9,143	6,053	4,881
Long-Term Unearned Revenue	-	371.32	79.21	122.78	-
Other Long-Term Liabilities	-	-	-	-0	-
Total Liabilities	125,959	130,771	80,066	62,311	62,493
Common Stock	1,675	1,675	1,675	1,675	1,675
Additional Paid-In Capital	6,617	6,617	6,617	6,617	6,617
Retained Earnings	-74,330	-62,493	-8,927	3,727	8,854
Comprehensive Income & Other	56,839	2.3	-93.32	52.08	48.75
Total Common Equity	-9,199	-54,199	-728.49	12,071	17,195
Minority Interest	-494.52	-408.95	-19.14	74.16	111.91
Shareholders' Equity	-9,693	-54,607	-747.63	12,145	17,307
Total Liabilities & Equity	116,266	76,164	79,318	74,456	79,800
Total Debt	76,626	70,125	53,969	42,719	40,336
Net Cash (Debt)	-75,935	-69,677	-33,040	-39,229	-33,152
Net Cash Per Share	-22.66	-20.80	-9.86	-11.71	-9.89
Filing Date Shares Outstanding	3,351	3,351	3,351	3,351	3,351
Total Common Shares Outstanding	3,351	3,351	3,351	3,351	3,351
Working Capital	-51,482	-47,365	-2,481	556.46	-2,814
Book Value Per Share	-2.75	-16.18	-0.22	3.60	5.13
Tangible Book Value	-15,225	-60,243	-6,846	5,883	10,935
Tangible Book Value Per Share	-4.54	-17.98	-2.04	1.76	3.26
Land	2,987	6,006	6,006	6,006	5,471
Buildings	30,187	7,116	7,116	7,116	4,097
Machinery	46,665	10,611	9,733	14,167	18,579
Construction In Progress	4,041	5,068	4,576	-	11,419

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