FTN Cocoa Processors 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	622.21	76.39	874.83	4.95	13.42
Cash & Short-Term Investments	622.21	76.39	874.83	4.95	13.42
Cash Growth	714.51%	-91.27%	17587.63%	-63.15%	-72.29%
Accounts Receivable	2,680	2,137	-	0	-
Other Receivables	4.21	36.85	25.92	29.59	34.9
Receivables	2,684	2,174	25.92	29.59	34.9
Inventory	1,038	329.11	336.34	328.72	372.84
Prepaid Expenses	27.46	4.09	26.1	2.22	-
Total Current Assets	5,520	3,732	1,263	365.48	421.16
Property, Plant & Equipment	15,518	16,256	10,880	5,805	5,914
Long-Term Investments	0.3	0.3	0.3	0.3	0.3
Other Long-Term Assets	1,106	1,106	1,106	1,106	1,106
Total Assets	22,145	21,094	13,250	7,277	7,441
Accounts Payable	95.41	91.48	104.89	185.37	180.88
Accrued Expenses	204.14	191.15	205.54	137.75	83.64
Short-Term Debt	-	-	1,736	76.59	76.59
Current Income Taxes Payable	36.75	103.38	65.93	67.3	66.99
Other Current Liabilities	153.91	110.64	196.2	474.41	463.23
Total Current Liabilities	490.21	496.65	2,308	941.42	871.32
Long-Term Debt	21,112	17,153	7,658	7,890	8,543
Other Long-Term Liabilities	-0	-	-	-	-
Total Liabilities	21,602	17,649	9,967	8,831	9,415
Common Stock	1,950	1,950	1,950	1,950	1,100
Additional Paid-In Capital	1,046	1,046	1,046	1,413	1,413
Retained Earnings	-26,857	-26,359	-8,461	-8,935	-8,504
Comprehensive Income & Other	24,405	26,808	8,749	4,017	4,017
Shareholders' Equity	542.83	3,445	3,283	-1,555	-1,973
Total Liabilities & Equity	22,145	21,094	13,250	7,277	7,441
Total Debt	21,112	17,153	9,394	7,966	8,620
Net Cash (Debt)	-20,490	-17,076	-8,519	-7,961	-8,607
Net Cash Per Share	-4.87	-4.37	-2.18	-2.04	-2.21
Filing Date Shares Outstanding	3,900	3,900	3,900	3,900	2,200
Total Common Shares Outstanding	3,900	3,900	3,900	3,900	2,200
Working Capital	5,030	3,236	-1,045	-575.95	-450.16
Book Value Per Share	-2.46	-2.33	0.84	-0.40	-0.90
Tangible Book Value	542.83	3,445	3,283	-1,555	-1,973
Tangible Book Value Per Share	-2.46	-2.33	0.84	-0.40	-0.90
Land	3,466	3,456	3,081	2,291	2,291
Machinery	14,628	14,569	9,678	5,401	5,374
Construction In Progress	1,212	1,212	753.42	631.45	655.15

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