International Breweries Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	87,935	109,038	123,492	28,832	59,429	33,477	Upgrade
Short-Term Investments	-	30,946	-	86,214	73,115	11,897	Upgrade
Cash & Short-Term Investments	87,935	139,985	123,492	115,046	132,544	45,374	Upgrade
Cash Growth	-48.24%	13.36%	7.34%	-13.20%	192.11%	189.10%	Upgrade
Accounts Receivable	93,202	3,515	5,514	9,749	9,614	11,402	Upgrade
Other Receivables	-	4,794	3,789	1,936	16,022	4,388	Upgrade
Receivables	93,202	8,309	9,303	11,686	25,636	15,790	Upgrade
Inventory	107,066	89,704	48,503	26,914	22,541	14,193	Upgrade
Prepaid Expenses	-	1,547	178.99	202.86	-	-	Upgrade
Restricted Cash	-	206.27	8,880	7,193	7,374	17,330	Upgrade
Other Current Assets	-	98,827	195,251	19,284	433.95	-	Upgrade
Total Current Assets	288,203	338,578	385,609	180,326	188,528	92,687	Upgrade
Property, Plant & Equipment	361,607	316,846	271,950	268,061	254,934	256,319	Upgrade
Other Intangible Assets	8,728	8,712	4,955	3,251	714.24	771	Upgrade
Long-Term Deferred Tax Assets	54,657	63,736	61,984	32,613	25,665	22,550	Upgrade
Other Long-Term Assets	-	-	-	-	111.64	319.03	Upgrade
Total Assets	713,195	727,872	724,497	484,252	469,953	372,646	Upgrade
Accounts Payable	165,688	173,129	181,155	126,980	110,213	79,218	Upgrade
Accrued Expenses	-	43,746	19,981	17,903	26,843	18,417	Upgrade
Current Portion of Long-Term Debt	-	-	374,339	51,052	175,409	110,667	Upgrade
Current Portion of Leases	11,893	11,547	4,326	5,965	2,683	1,153	Upgrade
Current Income Taxes Payable	6,149	3,537	2,758	2,258	1,414	1,772	Upgrade
Current Unearned Revenue	-	23,774	7,622	3,927	3,517	1,739	Upgrade
Other Current Liabilities	-	495.79	419	2,757	5,601	4,956	Upgrade
Total Current Liabilities	183,730	256,229	590,601	210,841	325,679	217,922	Upgrade
Long-Term Debt	-	-	-	143,033	-	-	Upgrade
Long-Term Leases	21,576	20,949	15,766	10,443	6,646	580.53	Upgrade
Pension & Post-Retirement Benefits	1,148	1,780	2,724	2,605	2,324	2,410	Upgrade
Total Liabilities	206,455	278,958	609,090	366,921	334,649	220,913	Upgrade
Common Stock	16,260	16,260	13,431	13,431	13,431	13,431	Upgrade
Additional Paid-In Capital	673,193	673,193	159,803	159,803	159,803	159,803	Upgrade
Retained Earnings	-184,121	-241,946	-128,332	-58,306	-36,679	-19,023	Upgrade
Comprehensive Income & Other	1,408	1,408	70,504	2,402	-1,251	-2,478	Upgrade
Shareholders' Equity	506,739	448,914	115,407	117,330	135,304	151,734	Upgrade
Total Liabilities & Equity	713,195	727,872	724,497	484,252	469,953	372,646	Upgrade
Total Debt	33,470	32,497	394,431	210,492	184,738	112,400	Upgrade
Net Cash (Debt)	54,465	107,488	-270,938	-95,446	-52,194	-67,026	Upgrade
Net Cash Per Share	0.56	1.10	-10.09	-3.55	-1.94	-2.54	Upgrade
Filing Date Shares Outstanding	168,292	168,292	26,862	26,862	26,862	26,862	Upgrade
Total Common Shares Outstanding	168,292	168,292	26,862	26,862	26,862	26,862	Upgrade
Working Capital	104,473	82,350	-204,993	-30,515	-137,151	-125,234	Upgrade
Book Value Per Share	3.01	2.67	4.30	4.37	5.04	5.65	Upgrade
Tangible Book Value	498,012	440,202	110,452	114,079	134,590	150,963	Upgrade
Tangible Book Value Per Share	2.96	2.62	4.11	4.25	5.01	5.62	Upgrade
Land	-	4,682	4,628	4,630	4,518	3,365	Upgrade
Buildings	-	69,602	67,933	59,998	57,940	52,592	Upgrade
Machinery	-	239,952	225,460	220,930	209,513	186,009	Upgrade
Construction In Progress	-	29,450	29,176	23,248	8,677	17,832	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.