McNichols 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	399.62	309.9	283.93	94.23	52.95
Cash & Short-Term Investments	399.62	309.9	283.93	94.23	52.95
Cash Growth	28.95%	9.15%	201.32%	77.95%	1553.10%
Accounts Receivable	365.47	175.96	154.29	102.04	86.73
Receivables	374.49	185.52	162.04	106.89	91.41
Inventory	498.66	407.24	275.37	92.61	129.97
Prepaid Expenses	3.06	3.39	3.93	7.27	11.17
Restricted Cash	10.36	16.68	16.73	65.89	77.26
Other Current Assets	-0	-	0	-	-
Total Current Assets	1,286	922.73	742	366.89	362.76
Property, Plant & Equipment	680.07	390.71	320.25	281	323.93
Long-Term Investments	-	1	6.4	5.82	5.82
Other Long-Term Assets	-	-	-0	-	0
Total Assets	1,966	1,314	1,069	653.72	692.51
Accounts Payable	412.31	56.32	19.98	13.07	25.91
Accrued Expenses	-	124.89	19.49	29.34	30.4
Current Portion of Long-Term Debt	-	24.06	41.25	41.25	41.25
Current Income Taxes Payable	44.78	35.95	10.26	5.81	3.28
Other Current Liabilities	359.78	243.69	254.36	17.44	16
Total Current Liabilities	816.87	484.91	345.34	106.91	116.85
Long-Term Debt	-	-	24.06	65.31	106.56
Long-Term Deferred Tax Liabilities	81.68	43.72	22.6	14.06	20.95
Other Long-Term Liabilities	141.55	123.76	85	87	89
Total Liabilities	1,040	652.39	477	273.28	333.36
Common Stock	558.4	558.4	558.4	359.37	163.35
Additional Paid-In Capital	5.58	5.58	5.58	13.72	16.91
Retained Earnings	362.19	98.08	27.68	7.34	178.89
Comprehensive Income & Other	-0	-	-	-	-
Shareholders' Equity	926.17	662.05	591.65	380.44	359.16
Total Liabilities & Equity	1,966	1,314	1,069	653.72	692.51
Total Debt	-	24.06	65.31	106.56	147.81
Net Cash (Debt)	399.62	285.84	218.62	-12.33	-94.86
Net Cash Growth	39.81%	30.75%	-	-	-
Net Cash Per Share	0.36	0.26	0.20	-0.02	-0.13
Filing Date Shares Outstanding	1,117	1,117	1,117	718.74	718.75
Total Common Shares Outstanding	1,117	1,117	1,117	718.74	718.75
Working Capital	469.32	437.82	396.66	259.98	245.91
Book Value Per Share	0.83	0.59	0.53	0.53	0.50
Tangible Book Value	926.17	662.05	591.65	380.44	359.16
Tangible Book Value Per Share	0.83	0.59	0.53	0.53	0.50
Land	200.25	123.65	123.65	123.65	123.65
Buildings	181.01	180.21	192.51	200.35	200.14
Machinery	934.77	644.77	504.11	426.5	421.22

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