FTN Cocoa Processors 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	1,421	622.21	76.39	874.83	4.95	13.42
Cash & Short-Term Investments	1,421	622.21	76.39	874.83	4.95	13.42
Cash Growth	152.40%	714.51%	-91.27%	17587.63%	-63.15%	-72.29%
Accounts Receivable	2,361	2,680	2,137	-	0	-
Other Receivables	35.8	4.21	36.85	25.92	29.59	34.9
Receivables	2,397	2,684	2,174	25.92	29.59	34.9
Inventory	2,659	1,038	329.11	336.34	328.72	372.84
Prepaid Expenses	-	27.46	4.09	26.1	2.22	-
Total Current Assets	7,625	5,520	3,732	1,263	365.48	421.16
Property, Plant & Equipment	15,340	15,518	16,256	10,880	5,805	5,914
Long-Term Investments	0.3	0.3	0.3	0.3	0.3	0.3
Other Long-Term Assets	1,106	1,106	1,106	1,106	1,106	1,106
Total Assets	24,071	22,145	21,094	13,250	7,277	7,441
Accounts Payable	100.5	95.41	91.48	104.89	185.37	180.88
Accrued Expenses	194.72	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	207.95	153.91	110.64	196.2	474.41	463.23
Total Current Liabilities	503.17	490.21	496.65	2,308	941.42	871.32
Long-Term Debt	22,511	21,112	17,153	7,658	7,890	8,543
Other Long-Term Liabilities	-73.14	-0	-	-	-	-
Total Liabilities	22,941	21,602	17,649	9,967	8,831	9,415
Common Stock	1,950	1,950	1,950	1,950	1,950	1,100
Additional Paid-In Capital	1,046	1,046	1,046	1,046	1,413	1,413
Retained Earnings	-16,132	-26,857	-26,359	-8,461	-8,935	-8,504
Comprehensive Income & Other	14,266	24,405	26,808	8,749	4,017	4,017
Shareholders' Equity	1,130	542.83	3,445	3,283	-1,555	-1,973
Total Liabilities & Equity	24,071	22,145	21,094	13,250	7,277	7,441
Total Debt	22,511	21,112	17,153	9,394	7,966	8,620
Net Cash (Debt)	-21,091	-20,490	-17,076	-8,519	-7,961	-8,607
Net Cash Per Share	-4.97	-4.87	-4.37	-2.18	-2.04	-2.21
Filing Date Shares Outstanding	3,900	3,900	3,900	3,900	3,900	2,200
Total Common Shares Outstanding	3,900	3,900	3,900	3,900	3,900	2,200
Working Capital	7,122	5,030	3,236	-1,045	-575.95	-450.16
Book Value Per Share	0.29	-2.46	-2.33	0.84	-0.40	-0.90
Tangible Book Value	1,130	542.83	3,445	3,283	-1,555	-1,973
Tangible Book Value Per Share	0.29	-2.46	-2.33	0.84	-0.40	-0.90
Land	3,475	3,466	3,456	3,081	2,291	2,291
Machinery	14,642	14,628	14,569	9,678	5,401	5,374
Construction In Progress	1,212	1,212	1,212	753.42	631.45	655.15