Geregu Power 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	29,373	31,847	39,936	70,256	51,632	3,955
Accounts Receivable	200,128	200,953	121,206	43,768	38,615	40,484
Other Receivables	3,826	4,579	4,255	9,285	816.26	39.53
Inventory	1,198	1,315	623.68	639.07	506.18	440.8
Prepaid Expenses	68.53	1,578	2,985	1,881	1,509	573.1
Loans Receivable Current	137.24	125.48	609.46	4,246	38,160	29,326
Other Current Assets	3,459	1,508	1,186	15,613	4,793	15.02
Total Current Assets	238,189	241,905	170,801	145,689	136,031	74,833
Property, Plant & Equipment	61,846	63,050	72,658	36,349	37,995	39,975
Other Intangible Assets	-	-	0.03	0.03	4.71	11.23
Other Long-Term Assets	27.54	50.27	11.99	4.48	-	1.66
Total Assets	300,062	305,005	243,470	182,043	174,030	114,821
Accounts Payable	122,702	122,907	80,909	46,730	32,583	28,841
Short-Term Debt	2,042	5,448	-	-	-	-
Current Portion of Long-Term Debt	33,712	34,445	25,269	5,974	7,489	3,614
Current Income Taxes Payable	38,044	37,417	19,970	8,444	7,647	4,837
Other Current Liabilities	15,365	13,949	17,226	9,789	729.89	1,576
Total Current Liabilities	211,865	214,165	143,375	70,937	48,449	38,869
Long-Term Debt	22,927	28,194	40,551	57,661	68,076	5,667
Pension & Post-Retirement Benefits	-	-	-	-	11.7	-
Long-Term Deferred Tax Liabilities	4,538	4,018	6,980	8,291	8,391	10,347
Other Long-Term Liabilities	-0	-	-	-	-	0
Total Liabilities	239,330	246,377	190,906	136,889	124,927	54,883
Common Stock	1,250	1,250	1,250	1,250	1,250	5
Retained Earnings	59,449	57,345	51,344	43,919	47,867	59,940
Comprehensive Income & Other	33.17	33.17	-29.41	-15.35	-13.26	-6.44
Shareholders' Equity	60,732	58,628	52,565	45,154	49,103	59,939
Total Liabilities & Equity	300,062	305,005	243,470	182,043	174,030	114,821
Total Debt	58,681	68,087	65,820	63,634	75,565	9,281
Net Cash (Debt)	-29,308	-36,240	-25,885	6,622	-23,933	-5,326
Net Cash Per Share	-11.72	-14.50	-10.35	2.65	-9.57	-2.13
Filing Date Shares Outstanding	2,500	2,500	2,500	2,500	2,500	2,500
Total Common Shares Outstanding	2,500	2,500	2,500	2,500	2,500	2,500
Working Capital	26,324	27,740	27,426	74,752	87,582	35,964
Book Value Per Share	24.29	23.45	21.03	18.06	19.64	23.98
Tangible Book Value	60,732	58,628	52,565	45,154	49,099	59,927
Tangible Book Value Per Share	24.29	23.45	21.03	18.06	19.64	23.97
Land	122.79	122.79	122.79	122.79	122.79	122.79
Buildings	1,801	1,801	1,801	1,736	1,302	1,252
Machinery	97,650	97,691	82,470	64,122	63,489	63,116
Construction In Progress	8,305	8,305	22,863	-	133.83	-

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