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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	51.03	22	16.74	14.59	5.42	3.2
Cash & Short-Term Investments	51.03	22	16.74	14.59	5.42	3.2
Cash Growth	341.33%	31.37%	14.77%	169.05%	69.33%	195.66%
Accounts Receivable	69.76	32.69	13.41	26.4	26.92	28.49
Other Receivables	-	2.46	2.56	2.35	2.16	2.28
Receivables	69.76	35.15	15.97	28.74	29.08	30.77
Inventory	70.3	69.6	34.51	35.48	47.32	39.87
Prepaid Expenses	-	0.04	0.62	0.04	6.54	8.88
Other Current Assets	-	24.04	20.67	19.82	19.59	15.19
Total Current Assets	191.09	150.82	88.51	98.67	107.96	97.91
Property, Plant & Equipment	1,393	1,404	1,437	1,469	1,507	290.78
Total Assets	1,584	1,555	1,525	1,568	1,615	388.69
Accounts Payable	94.23	101.35	31.01	32.16	30.14	28.82
Accrued Expenses	153.08	198	196.42	192.08	171.52	147.8
Short-Term Debt	183.47	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	78.37	43.38	52.01	28.18	8.95	22.02
Other Current Liabilities	113.66	67.66	43.76	33.37	31.96	29.26
Total Current Liabilities	627.53	588.82	480.25	424.12	363.22	286.69
Long-Term Deferred Tax Liabilities	184.16	184.16	184.16	184.16	184.16	59.83
Total Liabilities	812.21	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	-925.82	-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	772.27	781.81	860.56	959.28	1,067	41.66
Total Liabilities & Equity	1,584	1,555	1,525	1,568	1,615	388.69
Total Debt	183.47	173.72	154.12	136.4	119.8	58.39
Net Cash (Debt)	-132.44	-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	-436.43	-438	-391.74	-325.45	-255.25	-188.78
Book Value Per Share	0.78	0.79	0.87	0.97	1.08	0.04
Tangible Book Value	772.27	781.81	860.56	959.28	1,067	41.66
Tangible Book Value Per Share	0.78	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	135.88	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.