Daar Communications 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	589.76	203	129.66	163.8	85.05	58.56
Cash & Short-Term Investments	589.76	203	129.66	163.8	85.05	58.56
Cash Growth	103.33%	56.56%	-20.84%	92.59%	45.23%	-76.22%
Accounts Receivable	3,080	2,607	5,005	2,726	3,066	2,420
Other Receivables	91	91	91	83.09	-	-
Receivables	3,174	2,703	5,103	2,818	3,075	2,425
Prepaid Expenses	14.53	223.66	121.35	113.86	148.34	70.09
Other Current Assets	288.18	-	-	-	-	54.53
Total Current Assets	4,067	3,129	5,354	3,096	3,309	2,609
Property, Plant & Equipment	23,282	24,228	24,062	7,350	7,898	8,486
Long-Term Investments	97	97	497.89	97	171.3	166.17
Other Intangible Assets	37.94	37.94	22.8	24.57	26.79	29.03
Long-Term Deferred Tax Assets	-	-	969.24	1,883	2,796	3,654
Other Long-Term Assets	-	-	-	0	-	-
Total Assets	27,483	27,493	30,906	12,450	14,201	14,944
Accounts Payable	752.11	1,152	2,885	954.03	1,102	983.42
Accrued Expenses	7,130	6,413	6,461	5,936	6,514	6,368
Short-Term Debt	225.21	222.41	-	-	-	-
Current Portion of Long-Term Debt	39.33	144.67	362.03	275.88	649.49	1,039
Current Income Taxes Payable	748.43	748.43	720.63	686.21	747.24	421.33
Other Current Liabilities	1,632	1,903	1,794	1,567	1,447	1,758
Total Current Liabilities	10,571	10,583	12,222	9,420	10,459	10,571
Pension & Post-Retirement Benefits	743.28	726.16	865.38	817.04	760.92	732.63
Other Long-Term Liabilities	0	-	-	-	-	-
Total Liabilities	11,314	11,309	13,087	10,237	11,220	11,303
Common Stock	4,000	4,000	4,000	4,000	4,000	4,000
Additional Paid-In Capital	13,412	13,412	13,412	13,412	13,412	13,412
Retained Earnings	-19,182	-19,167	-16,826	-15,198	-14,430	-13,771
Comprehensive Income & Other	17,939	17,939	17,233	-	-	-
Shareholders' Equity	16,169	16,184	17,819	2,213	2,981	3,641
Total Liabilities & Equity	27,483	27,493	30,906	12,450	14,201	14,944
Total Debt	264.54	367.08	362.03	275.88	649.49	1,039
Net Cash (Debt)	325.22	-164.08	-232.37	-112.08	-564.44	-980.57
Net Cash Per Share	0.04	-0.02	-0.03	-0.01	-0.07	-0.12
Filing Date Shares Outstanding	8,000	8,000	8,000	8,000	8,000	8,000
Total Common Shares Outstanding	8,000	8,000	8,000	8,000	8,000	8,000
Working Capital	-6,504	-7,454	-6,868	-6,324	-7,150	-7,962
Book Value Per Share	2.02	2.02	2.23	0.28	0.37	0.46
Tangible Book Value	16,131	16,146	17,796	2,189	2,955	3,612
Tangible Book Value Per Share	2.02	2.02	2.22	0.27	0.37	0.45
Land	-	21,017	20,802	4,383	4,329	4,187
Machinery	-	5,230	4,075	26,240	26,063	25,957
Construction In Progress	-	-	-	2,125	2,125	2,125

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