Champion Breweries Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	4,398	4,311	2,445	2,189	2,872	1,025
Cash & Short-Term Investments	4,398	4,311	2,445	2,189	2,872	1,025
Cash Growth	233.86%	76.34%	11.69%	-23.79%	180.13%	46.05%
Accounts Receivable	732.75	125.48	352.43	44.87	60.74	29.56
Other Receivables	-	29.89	31.63	28.32	39.32	16.43
Receivables	732.75	155.36	384.07	73.2	100.06	45.99
Inventory	3,679	2,856	2,226	1,401	1,024	725.45
Prepaid Expenses	10,040	2.09	92.89	61.96	60.25	4.6
Other Current Assets	449.43	-	54.74	947.03	10.07	6.07
Total Current Assets	19,300	7,324	5,203	4,672	4,066	1,807
Property, Plant & Equipment	16,920	14,021	15,351	10,781	9,407	8,799
Long-Term Deferred Tax Assets	611.31	-	-	-	13.72	762.54
Total Assets	36,831	21,345	20,553	15,454	13,487	11,369
Accounts Payable	6,214	4,992	4,034	1,161	1,082	310.94
Accrued Expenses	831.93	1,689	1,047	380.11	1,236	1,122
Short-Term Debt	13,482	-	1,346	-	-	-
Current Portion of Leases	68.25	191.36	118.08	79.02	71.18	71.18
Current Income Taxes Payable	1,719	1,049	133.87	178.7	80.38	21.66
Current Unearned Revenue	427.28	439.48	308.36	227.68	13.5	-
Other Current Liabilities	471.86	857.18	980.11	900.7	613.9	725.88
Total Current Liabilities	23,214	9,218	7,968	2,927	3,096	2,252
Long-Term Leases	-	17.51	127.06	445.08	468.61	486.25
Pension & Post-Retirement Benefits	-	-	629.81	448.26	362.82	587.62
Long-Term Deferred Tax Liabilities	-	14.7	584.87	688.04	-	-
Other Long-Term Liabilities	51.94	39.05	47.64	30.79	-	-
Total Liabilities	23,266	9,289	9,358	4,539	3,928	3,326
Common Stock	4,474	4,474	3,915	3,915	3,915	3,915
Additional Paid-In Capital	-	-	519.1	519.1	519.1	519.1
Retained Earnings	5,389	3,880	3,060	2,779	1,424	-92.47
Comprehensive Income & Other	3,702	3,702	3,702	3,702	3,702	3,702
Shareholders' Equity	13,565	12,056	11,195	10,914	9,559	8,043
Total Liabilities & Equity	36,831	21,345	20,553	15,454	13,487	11,369
Total Debt	13,550	208.87	1,591	524.1	539.79	557.43
Net Cash (Debt)	-9,152	4,102	853.4	1,665	2,332	467.8
Net Cash Growth	-	380.65%	-48.73%	-28.62%	398.55%	-33.36%
Net Cash Per Share	-1.02	0.46	0.10	0.19	0.26	0.05
Filing Date Shares Outstanding	8,948	8,948	8,948	8,948	8,948	8,948
Total Common Shares Outstanding	8,948	8,948	8,948	8,948	8,948	8,948
Working Capital	-3,915	-1,894	-2,766	1,745	969.97	-444.32
Book Value Per Share	1.52	1.35	1.25	1.22	1.07	0.90
Tangible Book Value	13,565	12,056	11,195	10,914	9,559	8,043
Tangible Book Value Per Share	1.52	1.35	1.25	1.22	1.07	0.90
Land	-	954.1	954.1	954.1	954.1	1,223
Buildings	-	3,332	3,187	2,960	2,697	2,609
Machinery	-	10,560	10,386	8,197	7,595	7,002
Construction In Progress	-	1,553	1,788	787.28	768.22	525.45

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.