Morison Industries Plc (NGX:MORISON)

Morison Industries Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	27.62	22	16.74	14.59	5.42	3.2
Cash & Short-Term Investments	27.62	22	16.74	14.59	5.42	3.2
Cash Growth	51.37%	31.37%	14.77%	169.05%	69.33%	195.66%
Accounts Receivable	100.98	32.69	13.41	26.4	26.92	28.49
Other Receivables	5.27	2.46	2.56	2.35	2.16	2.28
Receivables	106.26	35.15	15.97	28.74	29.08	30.77
Inventory	91.51	69.6	34.51	35.48	47.32	39.87
Prepaid Expenses	0.82	0.04	0.62	0.04	6.54	8.88
Other Current Assets	19.09	24.04	20.67	19.82	19.59	15.19
Total Current Assets	245.3	150.82	88.51	98.67	107.96	97.91
Property, Plant & Equipment	1,395	1,404	1,437	1,469	1,507	290.78
Total Assets	1,641	1,555	1,525	1,568	1,615	388.69
Accounts Payable	135.85	101.35	31.01	32.16	30.14	28.82
Accrued Expenses	174.09	198	196.42	192.08	171.52	147.8
Short-Term Debt	188.4	173.72	154.12	136.4	119.8	58.39
Current Income Taxes Payable	4.71	4.71	2.92	1.93	0.86	0.39
Current Unearned Revenue	58.57	43.38	52.01	28.18	8.95	22.02
Other Current Liabilities	91.07	67.66	43.76	33.37	31.96	29.26
Total Current Liabilities	652.68	588.82	480.25	424.12	363.22	286.69
Pension & Post-Retirement Benefits	0.52	0.52	0.52	0.52	0.52	0.52
Long-Term Deferred Tax Liabilities	184.16	184.16	184.16	184.16	184.16	59.83
Total Liabilities	837.36	773.5	664.93	608.79	547.89	347.03
Common Stock	494.58	494.58	494.58	494.58	494.58	494.58
Additional Paid-In Capital	84.48	84.48	84.48	84.48	84.48	84.48
Retained Earnings	-894.68	-916.28	-837.53	-738.81	-631.33	-537.4
Comprehensive Income & Other	1,119	1,119	1,119	1,119	1,119	-
Shareholders' Equity	803.42	781.81	860.56	959.28	1,067	41.66
Total Liabilities & Equity	1,641	1,555	1,525	1,568	1,615	388.69
Total Debt	188.4	173.72	154.12	136.4	119.8	58.39
Net Cash (Debt)	-160.78	-151.73	-137.38	-121.81	-114.38	-55.19
Net Cash Per Share	-0.16	-0.15	-0.14	-0.12	-0.12	-0.06
Filing Date Shares Outstanding	989.16	989.16	989.16	989.16	989.16	989.16
Total Common Shares Outstanding	989.16	989.16	989.16	989.16	989.16	989.16
Working Capital	-407.39	-438	-391.74	-325.45	-255.25	-188.78
Book Value Per Share	0.81	0.79	0.87	0.97	1.08	0.04
Tangible Book Value	803.42	781.81	860.56	959.28	1,067	41.66
Tangible Book Value Per Share	0.81	0.79	0.87	0.97	1.08	0.04
Land	1,474	1,046	1,046	1,046	1,046	387.02
Buildings	-	427.32	427.32	427.32	427.32	-
Machinery	146.31	130.6	130.03	128.66	127.29	144.48
Construction In Progress	7.83	7.83	7.83	7.83	7.83	7.6

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.