May & Baker Nigeria plc (NGX:MAYBAKER)

May & Baker Nigeria Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5,416	3,223	3,383	2,907	2,881	3,971
Cash & Short-Term Investments	5,416	3,223	3,383	2,907	2,881	3,971
Cash Growth	96.93%	-4.74%	16.39%	0.91%	-27.46%	648.51%
Accounts Receivable	2,406	1,428	844.17	905.67	1,050	1,288
Other Receivables	380.18	118.88	90.69	73.62	23.16	79.7
Receivables	2,786	1,461	968.01	966.43	1,080	1,368
Inventory	9,877	10,077	8,886	7,429	8,100	3,570
Prepaid Expenses	155.24	354.29	362.25	356.92	421.13	259.19
Other Current Assets	-	191.63	155.99	133.73	87.69	15.23
Total Current Assets	18,235	15,307	13,755	11,792	12,569	9,183
Property, Plant & Equipment	6,371	5,964	5,421	5,012	3,864	3,939
Long-Term Investments	1,136	1,171	1,199	1,142	1,167	1,201
Other Intangible Assets	12.31	13.23	7.29	11.32	21.84	30.47
Other Long-Term Assets	-0	0	0	-	-	-
Total Assets	25,754	22,456	20,382	17,957	17,622	14,353
Accounts Payable	2,265	4,515	2,050	1,140	466.78	343.3
Accrued Expenses	628.47	650.09	713.67	628.65	977.85	667.43
Short-Term Debt	3,284	3,268	4,388	2,514	3,297	1,259
Current Portion of Long-Term Debt	692.96	320.04	804.1	768.26	346.89	385.62
Current Income Taxes Payable	1,590	805.84	299.04	542.99	363.98	478.59
Current Unearned Revenue	227.21	83.46	157.6	151.72	196.84	130.37
Other Current Liabilities	310.32	352.87	384.47	372.69	425.72	556.09
Total Current Liabilities	8,999	9,995	8,797	6,118	6,075	3,820
Long-Term Debt	2,439	1,199	1,519	2,323	2,894	2,507
Long-Term Unearned Revenue	588.26	186.49	257.11	414.71	556.77	460.45
Pension & Post-Retirement Benefits	33.65	32.83	32.59	37.41	40.51	43.94
Long-Term Deferred Tax Liabilities	1,148	1,148	986.48	840.32	784.98	782.22
Other Long-Term Liabilities	-	-0	-	0	0	0
Total Liabilities	13,209	12,563	11,593	9,733	10,351	7,614
Common Stock	862.62	862.62	862.62	862.62	862.62	862.62
Additional Paid-In Capital	3,012	3,012	3,012	3,012	3,012	3,012
Retained Earnings	8,263	5,610	4,507	3,941	2,989	2,457
Comprehensive Income & Other	408.15	408.14	408.14	408.14	408.14	408.14
Shareholders' Equity	12,545	9,893	8,790	8,224	7,272	6,740
Total Liabilities & Equity	25,754	22,456	20,382	17,957	17,622	14,353
Total Debt	6,417	4,788	6,712	5,605	6,537	4,151
Net Cash (Debt)	-1,000	-1,565	-3,328	-2,698	-3,656	-180.01
Net Cash Per Share	-0.58	-0.91	-1.93	-1.56	-2.12	-0.10
Filing Date Shares Outstanding	1,725	1,725	1,725	1,725	1,725	1,725
Total Common Shares Outstanding	1,725	1,725	1,725	1,725	1,725	1,725
Working Capital	9,236	5,312	4,958	5,675	6,494	5,363
Book Value Per Share	7.27	5.73	5.09	4.77	4.21	3.91
Tangible Book Value	12,533	9,880	8,782	8,213	7,250	6,709
Tangible Book Value Per Share	7.26	5.73	5.09	4.76	4.20	3.89
Land	-	334.67	334.67	334.67	334.67	334.67
Buildings	-	3,505	3,327	2,616	2,617	2,595
Machinery	-	7,614	6,499	5,470	5,164	4,901
Construction In Progress	-	81.57	129.87	1,121	161.32	77.67

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