Meyer 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	2,361	2,051	1,576	1,521	1,326	1,395
Cash & Short-Term Investments	2,361	2,051	1,576	1,521	1,326	1,395
Cash Growth	30.01%	30.11%	3.61%	14.72%	-4.96%	-41.58%
Accounts Receivable	339.74	370.67	488.3	334.1	115.56	149.8
Other Receivables	0.63	0.51	3.33	0.74	4.93	0.64
Receivables	340.36	371.18	491.64	334.84	120.49	150.44
Inventory	432.31	521.95	379.39	194.12	134.39	89.85
Prepaid Expenses	5.22	9.87	3.81	8.32	7.04	4.09
Other Current Assets	30.78	31.52	37.71	52.86	27.52	39.74
Total Current Assets	3,169	2,986	2,489	2,112	1,616	1,680
Property, Plant & Equipment	398.21	414.61	332.97	340.48	322.91	337.81
Other Intangible Assets	19.39	16.45	18.55	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	-	5.96
Other Long-Term Assets	0	-0	-	-0	-	-
Total Assets	3,587	3,417	2,840	2,452	1,939	2,023
Accounts Payable	284.67	387.05	288.78	230.29	153.88	213.96
Accrued Expenses	70.77	66.03	105.68	113.85	87.74	131.77
Short-Term Debt	-	-	-	-	-	1.81
Current Portion of Long-Term Debt	1.81	1.81	1.81	1.81	-	-
Current Portion of Leases	-	-	3.97	16.52	9.14	4.8
Current Income Taxes Payable	288.92	215.72	141.82	114.93	10.25	458.77
Other Current Liabilities	617.54	564.75	422	254.62	187.02	130.7
Total Current Liabilities	1,264	1,235	964.06	732.02	448.03	941.81
Long-Term Debt	-	-	-	-	1.81	-
Long-Term Leases	-	-	-	5.78	9.14	-
Pension & Post-Retirement Benefits	7.62	7.62	7.84	13.67	14.99	17.09
Long-Term Deferred Tax Liabilities	17.69	17.69	22.89	4.53	4.53	-
Other Long-Term Liabilities	15.14	15.14	15.14	11.65	11.65	9.6
Total Liabilities	1,304	1,276	1,010	767.65	490.15	968.5
Common Stock	248.86	248.86	248.86	248.86	248.86	248.86
Additional Paid-In Capital	53.17	53.17	53.17	53.17	53.17	53.17
Retained Earnings	1,980	1,838	1,526	1,380	1,144	750.35
Total Common Equity	2,282	2,140	1,828	1,682	1,446	1,052
Minority Interest	1.06	1.06	2.45	2.44	2.44	2.44
Shareholders' Equity	2,283	2,141	1,830	1,684	1,448	1,055
Total Liabilities & Equity	3,587	3,417	2,840	2,452	1,939	2,023
Total Debt	1.81	1.81	5.78	24.11	20.09	6.61
Net Cash (Debt)	2,359	2,049	1,571	1,497	1,306	1,389
Net Cash Growth	30.22%	30.48%	4.89%	14.64%	-5.95%	-40.59%
Net Cash Per Share	4.77	4.12	3.16	3.01	2.62	2.89
Filing Date Shares Outstanding	497.73	497.73	497.73	497.73	497.73	497.73
Total Common Shares Outstanding	497.73	497.73	497.73	497.73	497.73	497.73
Working Capital	1,906	1,750	1,525	1,380	1,168	737.75
Book Value Per Share	4.58	4.30	3.67	3.38	2.91	2.11
Tangible Book Value	2,262	2,123	1,809	1,682	1,446	1,052
Tangible Book Value Per Share	4.55	4.27	3.64	3.38	2.91	2.11
Buildings	0.51	0.51	0.51	0.51	0.51	2.53
Machinery	534.46	529.5	491.51	474.97	431.02	428.89
Construction In Progress	248.89	248.89	248.89	248.89	252.29	244.55