Champion Breweries 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	47,348	4,311	2,445	2,189	2,872
Cash & Short-Term Investments	47,348	4,311	2,445	2,189	2,872
Cash Growth	998.37%	76.34%	11.69%	-23.79%	180.13%
Accounts Receivable	80.19	125.48	352.43	44.87	60.74
Other Receivables	9.02	15.9	31.63	28.32	39.32
Receivables	89.21	141.37	384.07	73.2	100.06
Inventory	4,157	2,856	2,226	1,401	1,024
Prepaid Expenses	768.13	2.09	92.89	61.96	60.25
Other Current Assets	165.36	13.99	54.74	947.03	10.07
Total Current Assets	52,527	7,324	5,203	4,672	4,066
Property, Plant & Equipment	19,495	14,021	15,351	10,781	9,407
Long-Term Deferred Tax Assets	572.29	-	-	-	13.72
Other Long-Term Assets	9,744	-	-	-	-
Total Assets	82,339	21,345	20,553	15,454	13,487
Accounts Payable	3,148	4,992	4,034	1,161	1,082
Accrued Expenses	1,668	1,689	1,047	380.11	1,236
Short-Term Debt	-	-	1,346	-	-
Current Portion of Long-Term Debt	29,426	-	-	-	-
Current Portion of Leases	17.48	191.36	118.08	79.02	71.18
Current Income Taxes Payable	1,660	1,049	133.87	178.7	80.38
Current Unearned Revenue	1,108	439.48	308.36	227.68	13.5
Other Current Liabilities	2,075	857.18	980.11	900.7	613.9
Total Current Liabilities	39,103	9,218	7,968	2,927	3,096
Long-Term Debt	29,636	-	-	-	-
Long-Term Leases	-	17.51	127.06	445.08	468.61
Pension & Post-Retirement Benefits	438.44	-	629.81	448.26	362.82
Long-Term Deferred Tax Liabilities	-	14.7	584.87	688.04	-
Other Long-Term Liabilities	83.86	39.05	47.64	30.79	-
Total Liabilities	69,261	9,289	9,358	4,539	3,928
Common Stock	4,474	4,474	3,915	3,915	3,915
Additional Paid-In Capital	-	-	519.1	519.1	519.1
Retained Earnings	5,121	3,880	3,060	2,779	1,424
Comprehensive Income & Other	3,483	3,702	3,702	3,702	3,702
Shareholders' Equity	13,077	12,056	11,195	10,914	9,559
Total Liabilities & Equity	82,339	21,345	20,553	15,454	13,487
Total Debt	59,079	208.87	1,591	524.1	539.79
Net Cash (Debt)	-11,732	4,102	853.4	1,665	2,332
Net Cash Growth	-	380.65%	-48.73%	-28.62%	398.55%
Net Cash Per Share	-1.31	0.46	0.10	0.19	0.26
Filing Date Shares Outstanding	8,948	8,948	8,948	8,948	8,948
Total Common Shares Outstanding	8,948	8,948	8,948	8,948	8,948
Working Capital	13,424	-1,894	-2,766	1,745	969.97
Book Value Per Share	1.46	1.35	1.25	1.22	1.07
Tangible Book Value	13,077	12,056	11,195	10,914	9,559
Tangible Book Value Per Share	1.46	1.35	1.25	1.22	1.07
Land	954.1	954.1	954.1	954.1	954.1
Buildings	3,426	3,332	3,187	2,960	2,697
Machinery	11,369	10,560	10,386	8,197	7,595
Construction In Progress	4,540	1,553	1,788	787.28	768.22

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