Livestock Feeds 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	795.29	633.85	1,191	597.26	477.84	342.61
Short-Term Investments	-	-	-	-	17.28	17.28
Cash & Short-Term Investments	795.29	633.85	1,191	597.26	495.12	359.89
Cash Growth	-9.61%	-46.77%	99.35%	20.63%	37.57%	213.88%
Accounts Receivable	715.45	62.73	16.8	135.32	57.85	42
Other Receivables	24.56	37.13	77.51	145.63	810.9	13.81
Receivables	740.01	99.86	94.3	280.96	868.75	55.81
Inventory	9,149	6,735	19,391	10,995	4,947	9,508
Prepaid Expenses	152.44	184.65	206.1	90.4	14.62	44.39
Other Current Assets	52.14	69.4	66.47	64.86	29.95	40.08
Total Current Assets	10,889	7,723	20,948	12,028	6,355	10,008
Property, Plant & Equipment	2,233	2,304	2,239	1,151	865.34	784.76
Other Intangible Assets	87.63	102.03	144.78	197.54	237.29	34.85
Long-Term Deferred Tax Assets	-	-	54.18	-	-	-
Other Long-Term Assets	-	8.25	-	-	-	-
Total Assets	13,210	10,136	23,386	13,376	7,458	10,828
Accounts Payable	10,234	8,034	3,724	937.16	1,780	399.77
Accrued Expenses	584.51	632.93	1,178	547.33	250.86	298.23
Short-Term Debt	-	-	13,714	10,262	3,575	7,452
Current Portion of Leases	80.97	80.97	63.5	-	-	-
Current Income Taxes Payable	333.37	208.46	840.25	116.22	95.79	93.59
Current Unearned Revenue	-	-	-	-	4.97	-
Other Current Liabilities	41.36	70.48	105.7	63.79	70.82	39.59
Total Current Liabilities	11,274	9,027	19,626	11,926	5,777	8,283
Long-Term Leases	233.24	213.45	167.42	-	-	-
Pension & Post-Retirement Benefits	583.38	508.38	208.38	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	42
Total Liabilities	12,091	9,749	20,001	11,926	5,777	8,325
Common Stock	1,500	1,500	1,500	1,500	1,500	1,500
Additional Paid-In Capital	693.34	693.34	693.34	693.34	693.34	693.34
Retained Earnings	-1,074	-1,806	1,191	-743.11	-513.09	309.13
Shareholders' Equity	1,119	387.71	3,385	1,450	1,680	2,502
Total Liabilities & Equity	13,210	10,136	23,386	13,376	7,458	10,828
Total Debt	314.21	294.42	13,945	10,262	3,575	7,452
Net Cash (Debt)	481.08	339.43	-12,755	-9,664	-3,080	-7,092
Net Cash Per Share	0.16	0.11	-4.25	-3.22	-1.03	-2.36
Filing Date Shares Outstanding	3,000	3,000	3,000	3,000	3,000	3,000
Total Common Shares Outstanding	3,000	3,000	3,000	3,000	3,000	3,000
Working Capital	-385	-1,304	1,323	101.79	577.62	1,725
Book Value Per Share	0.37	0.13	1.13	0.48	0.56	0.83
Tangible Book Value	1,032	285.68	3,240	1,253	1,443	2,468
Tangible Book Value Per Share	0.34	0.10	1.08	0.42	0.48	0.82
Buildings	306.61	306.61	299.41	287.31	277.64	275.1
Machinery	2,454	2,359	2,009	1,753	1,520	1,309
Construction In Progress	869.01	955.03	953	471.03	300.22	272.82

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