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	287.76	175.96	154.29	102.04	86.73
Receivables	296.78	185.52	162.04	106.89	91.41
Inventory	503.44	407.24	275.37	92.61	129.97
Prepaid Expenses	3.34	3.39	3.93	7.27	11.17
Restricted Cash	10.36	16.68	16.73	65.89	77.26
Other Current Assets	-	-	0	-	-
Total Current Assets	1,214	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	1,894	1,314	1,069	653.72	692.51
Accounts Payable	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	45.41	35.95	10.26	5.81	3.28
Other Current Liabilities	178.58	243.69	254.36	17.44	16
Total Current Liabilities	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	43.72	22.6	14.06	20.95
Other Long-Term Liabilities	141.55	123.76	85	87	89
Total Liabilities	964.32	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	365.32	98.08	27.68	7.34	178.89
Comprehensive Income & Other	-0	-	-	-	-
Shareholders' Equity	929.3	662.05	591.65	380.44	359.16
Total Liabilities & Equity	1,894	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	472.96	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	929.3	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.