McNichols 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	452.44	399.62	309.9	283.93	94.23	52.95
Cash & Short-Term Investments	452.44	399.62	309.9	283.93	94.23	52.95
Cash Growth	4.12%	28.95%	9.15%	201.32%	77.95%	1553.10%
Accounts Receivable	345.66	287.76	175.96	154.29	102.04	86.73
Other Receivables	11.99	-	-	-	-	-
Receivables	357.66	296.78	185.52	162.04	106.89	91.41
Inventory	540.22	503.44	407.24	275.37	92.61	129.97
Prepaid Expenses	22.61	3.34	3.39	3.93	7.27	11.17
Restricted Cash	12.71	10.36	16.68	16.73	65.89	77.26
Other Current Assets	-	-	-	0	-	-
Total Current Assets	1,386	1,214	922.73	742	366.89	362.76
Property, Plant & Equipment	929.67	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	2,315	1,894	1,314	1,069	653.72	692.51
Accounts Payable	301.76	412.31	56.32	19.98	13.07	25.91
Accrued Expenses	-	104.29	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	57.97	45.41	35.95	10.26	5.81	3.28
Other Current Liabilities	680.04	178.58	243.69	254.36	17.44	16
Total Current Liabilities	1,040	740.58	484.91	345.34	106.91	116.85
Long-Term Debt	-	-	-	24.06	65.31	106.56
Long-Term Deferred Tax Liabilities	82.19	82.19	43.72	22.6	14.06	20.95
Other Long-Term Liabilities	141.55	141.55	123.76	85	87	89
Total Liabilities	1,264	964.32	652.39	477	273.28	333.36
Common Stock	558.4	558.4	558.4	558.4	359.37	163.35
Additional Paid-In Capital	5.58	5.58	5.58	5.58	13.72	16.91
Retained Earnings	487.83	365.32	98.08	27.68	7.34	178.89
Comprehensive Income & Other	-	-0	-	-	-	-
Shareholders' Equity	1,052	929.3	662.05	591.65	380.44	359.16
Total Liabilities & Equity	2,315	1,894	1,314	1,069	653.72	692.51
Total Debt	-	-	24.06	65.31	106.56	147.81
Net Cash (Debt)	452.44	399.62	285.84	218.62	-12.33	-94.86
Net Cash Growth	7.52%	39.81%	30.75%	-	-	-
Net Cash Per Share	0.40	0.36	0.26	0.20	-0.02	-0.13
Filing Date Shares Outstanding	1,117	1,117	1,117	1,117	718.74	718.75
Total Common Shares Outstanding	1,117	1,117	1,117	1,117	718.74	718.75
Working Capital	345.87	472.96	437.82	396.66	259.98	245.91
Book Value Per Share	0.94	0.83	0.59	0.53	0.53	0.50
Tangible Book Value	1,052	929.3	662.05	591.65	380.44	359.16
Tangible Book Value Per Share	0.94	0.83	0.59	0.53	0.53	0.50
Land	200.25	200.25	123.65	123.65	123.65	123.65
Buildings	203.03	181.01	180.21	192.51	200.35	200.14
Machinery	1,205	934.77	644.77	504.11	426.5	421.22

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