Conoil 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	13,005	7,264	11,327	5,882	6,665
Cash & Short-Term Investments	13,005	7,264	11,327	5,882	6,665
Cash Growth	79.03%	-35.87%	92.58%	-11.75%	13.06%
Accounts Receivable	73,846	37,889	28,067	22,922	18,802
Other Receivables	4,605	4,605	4,605	2,428	2,214
Receivables	78,451	42,494	32,672	25,350	21,016
Inventory	30,333	53,767	44,812	26,086	17,393
Prepaid Expenses	239.78	56.98	96.12	96.12	45.71
Other Current Assets	4,536	4,892	4,700	4,804	4,557
Total Current Assets	126,565	108,474	93,608	62,217	49,677
Property, Plant & Equipment	9,962	3,973	1,562	1,410	1,870
Long-Term Investments	0.01	0.01	0.01	0.01	0.01
Other Intangible Assets	0.01	0.01	0.01	0.01	24.69
Long-Term Deferred Tax Assets	2,380	2,380	2,214	2,207	2,186
Other Long-Term Assets	104.21	123.57	94.77	74.87	223.94
Total Assets	139,012	114,951	97,478	65,909	53,981
Accounts Payable	19,821	13,814	2,591	10,990	3,465
Accrued Expenses	5,603	9,538	9,059	6,081	9,343
Short-Term Debt	54,243	28,675	32,006	5,705	7,356
Current Income Taxes Payable	3,237	5,069	4,836	2,973	2,033
Other Current Liabilities	15,894	17,223	15,082	14,397	9,202
Total Current Liabilities	98,798	74,319	63,575	40,145	31,401
Long-Term Deferred Tax Liabilities	533.41	533.41	162.66	162.94	206.58
Other Long-Term Liabilities	609.06	609.06	595.15	588.93	584.79
Total Liabilities	99,941	75,461	64,332	40,897	32,192
Common Stock	346.98	346.98	346.98	346.98	346.98
Additional Paid-In Capital	3,825	3,825	3,825	3,825	3,825
Retained Earnings	34,899	35,319	28,974	20,840	17,618
Shareholders' Equity	39,071	39,490	33,146	25,012	21,789
Total Liabilities & Equity	139,012	114,951	97,478	65,909	53,981
Total Debt	54,243	28,675	32,006	5,705	7,356
Net Cash (Debt)	-41,239	-21,411	-20,679	176.15	-691.74
Net Cash Per Share	-59.43	-30.85	-29.80	0.25	-1.00
Filing Date Shares Outstanding	693.95	693.95	693.95	693.95	693.95
Total Common Shares Outstanding	693.95	693.95	693.95	693.95	693.95
Working Capital	27,766	34,155	30,033	22,072	18,276
Book Value Per Share	56.30	56.91	47.76	36.04	31.40
Tangible Book Value	39,071	39,490	33,146	25,012	21,765
Tangible Book Value Per Share	56.30	56.91	47.76	36.04	31.36
Land	147.77	147.77	147.77	147.77	147.77
Buildings	8,812	8,812	6,987	6,954	6,954
Machinery	21,406	21,406	20,501	19,800	19,791
Construction In Progress	7,614	424.84	-	-	-

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