Mecure Industries 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	1,085	6,480	398.37	707.06	31.75	77.72
Cash & Short-Term Investments	1,085	6,480	398.37	707.06	31.75	77.72
Cash Growth	-85.89%	1526.55%	-43.66%	2126.96%	-59.15%	107.22%
Accounts Receivable	18,957	6,779	873.13	1,503	1,541	1,198
Other Receivables	-	11,165	6,998	5,638	4,039	2,417
Receivables	18,957	17,943	7,871	7,141	5,579	3,616
Inventory	16,842	15,772	9,891	8,314	8,901	7,589
Prepaid Expenses	-	1,118	398.06	115.4	30.15	34.07
Total Current Assets	36,884	41,313	18,559	16,278	14,542	11,316
Property, Plant & Equipment	44,405	40,645	36,279	25,407	11,900	7,990
Long-Term Deferred Charges	-	-	-	50.6	553.42	364.46
Other Long-Term Assets	-	-	-0	-	-0	-
Total Assets	81,289	81,958	54,838	41,735	26,996	19,670
Accounts Payable	1,873	2,096	969.51	775.35	501.28	522.85
Accrued Expenses	-	127.82	86	83.83	50.48	74.31
Short-Term Debt	26,977	27,772	9,961	9,270	5,735	144.2
Current Income Taxes Payable	3,226	2,654	2,024	1,534	1,134	1,270
Other Current Liabilities	-	70.66	32.18	15.79	17.98	14.93
Total Current Liabilities	32,076	32,720	13,073	11,679	7,438	2,026
Long-Term Debt	26,196	27,561	26,207	16,441	9,034	10,746
Long-Term Deferred Tax Liabilities	1,855	1,855	1,599	1,385	1,206	2,164
Other Long-Term Liabilities	-	0	0	0	0	-0
Total Liabilities	60,127	62,136	40,879	29,505	17,679	14,936
Common Stock	2,000	2,000	2,000	2,000	2,000	20
Retained Earnings	19,162	17,822	11,959	10,230	7,317	4,714
Shareholders' Equity	21,162	19,822	13,959	12,230	9,317	4,734
Total Liabilities & Equity	81,289	81,958	54,838	41,735	26,996	19,670
Total Debt	53,172	55,333	36,168	25,711	14,769	10,890
Net Cash (Debt)	-52,087	-48,853	-35,770	-25,004	-14,737	-10,812
Net Cash Per Share	-13.12	-12.21	-8.94	-6.25	-21.57	-540.62
Filing Date Shares Outstanding	3,943	4,000	4,000	4,000	683.33	20
Total Common Shares Outstanding	3,943	4,000	4,000	4,000	683.33	20
Working Capital	4,808	8,593	5,485	4,599	7,104	9,290
Book Value Per Share	5.37	4.96	3.49	3.06	13.63	236.69
Tangible Book Value	21,162	19,822	13,959	12,230	9,317	4,734
Tangible Book Value Per Share	5.37	4.96	3.49	3.06	13.63	236.69
Machinery	-	57,533	47,479	17,416	13,048	11,509
Construction In Progress	-	1,963	1,963	17,892	7,011	3,335

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