Daar Communications 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	311.69	203	129.66	163.8	85.05
Cash & Short-Term Investments	311.69	203	129.66	163.8	85.05
Cash Growth	53.54%	56.56%	-20.84%	92.59%	45.23%
Accounts Receivable	2,764	2,607	5,005	2,726	3,066
Other Receivables	322.66	91	91	83.09	-
Receivables	3,086	2,703	5,103	2,818	3,075
Prepaid Expenses	-	223.66	121.35	113.86	148.34
Total Current Assets	3,398	3,129	5,354	3,096	3,309
Property, Plant & Equipment	23,776	24,228	24,062	7,350	7,898
Long-Term Investments	97	97	497.89	97	171.3
Other Intangible Assets	37.94	37.94	22.8	24.57	26.79
Long-Term Deferred Tax Assets	-	-	969.24	1,883	2,796
Other Long-Term Assets	-0	-	-	0	-
Total Assets	27,309	27,493	30,906	12,450	14,201
Accounts Payable	794.56	1,152	2,885	954.03	1,102
Accrued Expenses	-	6,413	6,461	5,936	6,514
Short-Term Debt	-28.39	222.41	-	-	-
Current Portion of Long-Term Debt	-	144.67	362.03	275.88	649.49
Current Income Taxes Payable	124.24	748.43	720.63	686.21	747.24
Other Current Liabilities	8,062	1,903	1,794	1,567	1,447
Total Current Liabilities	8,953	10,583	12,222	9,420	10,459
Long-Term Debt	650.48	-	-	-	-
Pension & Post-Retirement Benefits	574.49	726.16	865.38	817.04	760.92
Total Liabilities	10,178	11,309	13,087	10,237	11,220
Common Stock	4,000	4,000	4,000	4,000	4,000
Additional Paid-In Capital	13,412	13,412	13,412	13,412	13,412
Retained Earnings	-18,308	-19,167	-16,826	-15,198	-14,430
Comprehensive Income & Other	18,028	17,939	17,233	-	-
Shareholders' Equity	17,131	16,184	17,819	2,213	2,981
Total Liabilities & Equity	27,309	27,493	30,906	12,450	14,201
Total Debt	622.09	367.08	362.03	275.88	649.49
Net Cash (Debt)	-310.4	-164.08	-232.37	-112.08	-564.44
Net Cash Per Share	-0.04	-0.02	-0.03	-0.01	-0.07
Filing Date Shares Outstanding	7,745	8,000	8,000	8,000	8,000
Total Common Shares Outstanding	7,745	8,000	8,000	8,000	8,000
Working Capital	-5,554	-7,454	-6,868	-6,324	-7,150
Book Value Per Share	2.21	2.02	2.23	0.28	0.37
Tangible Book Value	17,094	16,146	17,796	2,189	2,955
Tangible Book Value Per Share	2.21	2.02	2.22	0.27	0.37
Land	-	21,017	20,802	4,383	4,329
Machinery	-	5,230	4,075	26,240	26,063
Construction In Progress	-	-	-	2,125	2,125

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