Daar Communications Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	389.78	308.49	203	129.66	163.8	85.05
Cash & Short-Term Investments	389.78	308.49	203	129.66	163.8	85.05
Cash Growth	615.39%	51.97%	56.56%	-20.84%	92.59%	45.23%
Accounts Receivable	3,577	2,655	2,607	5,005	2,726	3,066
Other Receivables	91	91	91	91	83.09	-
Receivables	3,694	2,827	2,703	5,103	2,818	3,075
Prepaid Expenses	286.43	178.53	223.66	121.35	113.86	148.34
Total Current Assets	4,370	3,314	3,129	5,354	3,096	3,309
Property, Plant & Equipment	23,468	23,720	24,228	24,062	7,350	7,898
Long-Term Investments	97	97	97	497.89	97	171.3
Other Intangible Assets	-	-	37.94	22.8	24.57	26.79
Long-Term Deferred Tax Assets	-	-	-	969.24	1,883	2,796
Other Long-Term Assets	-	-	-	-	0	-
Total Assets	27,935	27,132	27,493	30,906	12,450	14,201
Accounts Payable	846.41	794.56	1,152	2,885	954.03	1,102
Accrued Expenses	6,306	6,265	6,413	6,461	5,936	6,514
Short-Term Debt	142.87	-	222.41	-	-	-
Current Portion of Long-Term Debt	213.58	256.3	144.67	362.03	275.88	649.49
Current Income Taxes Payable	224.59	246.89	748.43	720.63	686.21	747.24
Other Current Liabilities	2,031	1,662	1,903	1,794	1,567	1,447
Total Current Liabilities	9,764	9,224	10,583	12,222	9,420	10,459
Long-Term Debt	442.24	527.68	-	-	-	-
Pension & Post-Retirement Benefits	587.99	574.49	726.16	865.38	817.04	760.92
Other Long-Term Liabilities	0	-	-	-	-	-
Total Liabilities	10,795	10,327	11,309	13,087	10,237	11,220
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	-18,211	-18,546	-19,167	-16,826	-15,198	-14,430
Comprehensive Income & Other	17,939	17,939	17,939	17,233	-	-
Shareholders' Equity	17,140	16,805	16,184	17,819	2,213	2,981
Total Liabilities & Equity	27,935	27,132	27,493	30,906	12,450	14,201
Total Debt	798.7	783.98	367.08	362.03	275.88	649.49
Net Cash (Debt)	-408.92	-475.49	-164.08	-232.37	-112.08	-564.44
Net Cash Per Share	-0.05	-0.06	-0.02	-0.03	-0.01	-0.07
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	-5,394	-5,910	-7,454	-6,868	-6,324	-7,150
Book Value Per Share	2.14	2.10	2.02	2.23	0.28	0.37
Tangible Book Value	17,140	16,805	16,146	17,796	2,189	2,955
Tangible Book Value Per Share	2.14	2.10	2.02	2.22	0.27	0.37
Land	-	21,058	21,017	20,802	4,383	4,329
Machinery	-	6,070	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.