Livestock Feeds 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	633.85	1,191	597.26	477.84	342.61
Short-Term Investments	-	-	-	17.28	17.28
Cash & Short-Term Investments	633.85	1,191	597.26	495.12	359.89
Cash Growth	-46.77%	99.35%	20.63%	37.57%	213.88%
Accounts Receivable	62.73	16.8	135.32	57.85	42
Other Receivables	79.84	77.51	145.63	810.9	13.81
Receivables	142.57	94.3	280.96	868.75	55.81
Inventory	6,735	19,391	10,995	4,947	9,508
Prepaid Expenses	192.9	206.1	90.4	14.62	44.39
Other Current Assets	66.86	66.47	64.86	29.95	40.08
Total Current Assets	7,771	20,948	12,028	6,355	10,008
Property, Plant & Equipment	2,304	2,239	1,151	865.34	784.76
Other Intangible Assets	102.03	144.78	197.54	237.29	34.85
Long-Term Deferred Tax Assets	54.18	54.18	-	-	-
Total Assets	10,231	23,386	13,376	7,458	10,828
Accounts Payable	8,077	3,724	937.16	1,780	399.77
Accrued Expenses	640.09	1,178	547.33	250.86	298.23
Short-Term Debt	-	13,714	10,262	3,575	7,452
Current Income Taxes Payable	207.32	840.25	116.22	95.79	93.59
Current Unearned Revenue	-	-	-	4.97	-
Other Current Liabilities	68.52	105.7	63.79	70.82	39.59
Total Current Liabilities	8,993	19,562	11,926	5,777	8,283
Long-Term Leases	294.42	230.92	-	-	-
Pension & Post-Retirement Benefits	508.38	208.38	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	42
Total Liabilities	9,796	20,001	11,926	5,777	8,325
Common Stock	1,500	1,500	1,500	1,500	1,500
Additional Paid-In Capital	693.34	693.34	693.34	693.34	693.34
Retained Earnings	-1,758	1,191	-743.11	-513.09	309.13
Shareholders' Equity	435.29	3,385	1,450	1,680	2,502
Total Liabilities & Equity	10,231	23,386	13,376	7,458	10,828
Total Debt	294.42	13,945	10,262	3,575	7,452
Net Cash (Debt)	339.43	-12,755	-9,664	-3,080	-7,092
Net Cash Per Share	0.11	-4.25	-3.22	-1.03	-2.36
Filing Date Shares Outstanding	3,000	3,000	3,000	3,000	3,000
Total Common Shares Outstanding	3,000	3,000	3,000	3,000	3,000
Working Capital	-1,222	1,386	101.79	577.62	1,725
Book Value Per Share	0.15	1.13	0.48	0.56	0.83
Tangible Book Value	333.26	3,240	1,253	1,443	2,468
Tangible Book Value Per Share	0.11	1.08	0.42	0.48	0.82
Buildings	306.61	299.41	287.31	277.64	275.1
Machinery	2,359	2,009	1,753	1,520	1,309
Construction In Progress	955.03	953	471.03	300.22	272.82

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