Ellah Lakes Balance Sheet

Financials in millions NGN. Fiscal year is August - July.

Millions NGN. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Cash & Equivalents	2,926	5,900	243.26	6.21	90.38	287.35
Short-Term Investments	-	-	-	-	232.62	-
Cash & Short-Term Investments	2,926	5,900	243.26	6.21	323.01	287.35
Cash Growth	12559.57%	2325.50%	3819.14%	-98.08%	12.41%	308878.49%
Other Receivables	138.37	18.13	2.84	2.14	2	2
Receivables	138.37	18.13	2.84	2.14	2	386
Inventory	-	-	96.26	-	4.08	4.38
Prepaid Expenses	-	57.37	17.78	3.22	3.17	3.03
Other Current Assets	-	-	-0	230.79	-	-
Total Current Assets	3,548	5,976	360.15	242.36	332.25	680.76
Property, Plant & Equipment	25,073	24,521	23,447	22,974	22,820	9,343
Goodwill	57.69	57.69	57.69	57.69	57.69	57.69
Other Long-Term Assets	1,615	496.88	686.8	161.17	150	0.28
Total Assets	30,294	31,051	24,552	23,436	23,360	10,081
Accounts Payable	839.29	5.68	107.13	114.71	66.83	23.3
Accrued Expenses	-	257.02	744.95	803.87	291.35	135.62
Short-Term Debt	-	-	713.32	959.09	1,659	381.5
Current Portion of Long-Term Debt	-	-	-	-	-	908.52
Current Income Taxes Payable	0.57	0.57	0.57	0.57	0.57	0.57
Current Unearned Revenue	-	84.33	-	-	-	-
Other Current Liabilities	-	530.65	469.73	422.63	235.13	264.51
Total Current Liabilities	839.86	878.26	2,036	2,301	2,252	1,714
Long-Term Debt	7,448	447.42	658	1,218	940	1,245
Long-Term Deferred Tax Liabilities	0.09	0.09	0.09	0.84	0.52	0.99
Other Long-Term Liabilities	-8.93	7,065	9.56	0	333.63	0
Total Liabilities	8,279	8,391	2,703	3,520	3,527	2,960
Common Stock	1,929	17,086	16,957	19,116	19,033	6,321
Additional Paid-In Capital	8,203	-	-	-	-	-
Retained Earnings	-6,255	-	-	-	-	-
Comprehensive Income & Other	18,137	-	-	-	-	-
Total Common Equity	22,014	17,086	16,957	19,116	19,033	6,321
Minority Interest	-	5,574	4,892	799.9	799.9	799.9
Shareholders' Equity	22,014	22,660	21,848	19,916	19,833	7,121
Total Liabilities & Equity	30,294	31,051	24,552	23,436	23,360	10,081
Total Debt	7,448	447.42	1,371	2,177	2,599	2,535
Net Cash (Debt)	-4,522	5,453	-1,128	-2,171	-2,276	-2,248
Net Cash Per Share	-1.45	1.40	-0.40	-1.10	-1.16	-1.12
Filing Date Shares Outstanding	-	3,858	2,754	2,000	1,792	2,000
Total Common Shares Outstanding	-	3,858	2,754	2,000	1,792	2,000
Working Capital	2,708	5,098	-1,676	-2,059	-1,920	-1,033
Book Value Per Share	-	4.43	6.16	9.56	10.62	3.16
Tangible Book Value	21,957	17,029	16,899	19,058	18,976	6,264
Tangible Book Value Per Share	-	4.41	6.14	9.53	10.59	3.13
Land	-	22,647	22,647	22,647	22,632	9,032
Buildings	-	16.97	8.34	5.19	5.19	5.19
Machinery	-	754.85	222.32	13.43	11.68	11.68

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