International Breweries 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	155,680	109,038	123,492	28,832	59,429
Short-Term Investments	-	30,946	-	86,214	73,115
Cash & Short-Term Investments	155,680	139,985	123,492	115,046	132,544
Cash Growth	11.21%	13.36%	7.34%	-13.20%	192.11%
Accounts Receivable	66,102	3,515	5,514	9,749	9,614
Other Receivables	-	4,794	3,789	1,936	16,022
Receivables	66,102	8,309	9,303	11,686	25,636
Inventory	93,731	89,704	48,503	26,914	22,541
Prepaid Expenses	-	1,547	178.99	202.86	-
Restricted Cash	-	206.27	8,880	7,193	7,374
Other Current Assets	-	98,827	195,251	19,284	433.95
Total Current Assets	315,513	338,578	385,609	180,326	188,528
Property, Plant & Equipment	367,076	316,846	271,950	268,061	254,934
Other Intangible Assets	8,026	8,712	4,955	3,251	714.24
Long-Term Deferred Tax Assets	50,912	63,736	61,984	32,613	25,665
Other Long-Term Assets	-	-	-	-	111.64
Total Assets	741,528	727,872	724,497	484,252	469,953
Accounts Payable	189,409	173,129	181,155	126,980	110,213
Accrued Expenses	-	43,746	19,981	17,903	26,843
Current Portion of Long-Term Debt	-	-	374,339	51,052	175,409
Current Portion of Leases	10,834	11,547	4,326	5,965	2,683
Current Income Taxes Payable	7,784	3,537	2,758	2,258	1,414
Current Unearned Revenue	-	23,774	7,622	3,927	3,517
Other Current Liabilities	-	495.79	419	2,757	5,601
Total Current Liabilities	208,027	256,229	590,601	210,841	325,679
Long-Term Debt	-	-	-	143,033	-
Long-Term Leases	19,654	20,949	15,766	10,443	6,646
Pension & Post-Retirement Benefits	1,597	1,780	2,724	2,605	2,324
Total Liabilities	229,278	278,958	609,090	366,921	334,649
Common Stock	16,260	16,260	13,431	13,431	13,431
Additional Paid-In Capital	673,193	673,193	159,803	159,803	159,803
Retained Earnings	-178,611	-241,946	-128,332	-58,306	-36,679
Comprehensive Income & Other	1,408	1,408	70,504	2,402	-1,251
Shareholders' Equity	512,249	448,914	115,407	117,330	135,304
Total Liabilities & Equity	741,528	727,872	724,497	484,252	469,953
Total Debt	30,488	32,497	394,431	210,492	184,738
Net Cash (Debt)	125,192	107,488	-270,938	-95,446	-52,194
Net Cash Growth	16.47%	-	-	-	-
Net Cash Per Share	0.75	1.10	-10.09	-3.55	-1.94
Filing Date Shares Outstanding	183,669	168,292	26,862	26,862	26,862
Total Common Shares Outstanding	183,669	168,292	26,862	26,862	26,862
Working Capital	107,486	82,350	-204,993	-30,515	-137,151
Book Value Per Share	2.79	2.67	4.30	4.37	5.04
Tangible Book Value	504,224	440,202	110,452	114,079	134,590
Tangible Book Value Per Share	2.75	2.62	4.11	4.25	5.01
Land	-	4,682	4,628	4,630	4,518
Buildings	-	69,602	67,933	59,998	57,940
Machinery	-	239,952	225,460	220,930	209,513
Construction In Progress	-	29,450	29,176	23,248	8,677

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