Morison 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	Jun '26 Jun 30, 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	164.86	541.19	22	16.74	14.59	5.42
Cash & Short-Term Investments	164.86	541.19	22	16.74	14.59	5.42
Cash Growth	223.06%	2360.38%	31.37%	14.77%	169.05%	69.33%
Accounts Receivable	266.85	88.54	32.69	13.41	26.4	26.92
Other Receivables	-	4.48	2.46	2.56	2.35	2.16
Receivables	266.85	93.02	35.15	15.97	28.74	29.08
Inventory	97.72	68.68	69.6	34.51	35.48	47.32
Prepaid Expenses	-	0.04	0.04	0.62	0.04	6.54
Other Current Assets	-	25.54	24.04	20.67	19.82	19.59
Total Current Assets	529.43	728.46	150.82	88.51	98.67	107.96
Property, Plant & Equipment	1,384	1,382	1,404	1,437	1,469	1,507
Total Assets	1,913	2,111	1,555	1,525	1,568	1,615
Accounts Payable	297.54	140.85	101.35	31.01	32.16	30.14
Accrued Expenses	-	191.19	198	196.42	192.08	171.52
Short-Term Debt	203.07	193.32	173.72	154.12	136.4	119.8
Current Income Taxes Payable	4.71	9.19	4.71	2.92	1.93	0.86
Current Unearned Revenue	-	143.78	43.38	52.01	28.18	8.95
Other Current Liabilities	-	60.95	67.66	43.76	33.37	31.96
Total Current Liabilities	505.32	739.29	588.82	480.25	424.12	363.22
Pension & Post-Retirement Benefits	0.52	0.52	0.52	0.52	0.52	0.52
Long-Term Deferred Tax Liabilities	184.16	176.69	184.16	184.16	184.16	184.16
Total Liabilities	690	916.49	773.5	664.93	608.79	547.89
Common Stock	761.58	628	494.58	494.58	494.58	494.58
Additional Paid-In Capital	208.71	351.32	84.48	84.48	84.48	84.48
Retained Earnings	-866.29	-903.97	-916.28	-837.53	-738.81	-631.33
Comprehensive Income & Other	1,119	1,119	1,119	1,119	1,119	1,119
Shareholders' Equity	1,223	1,194	781.81	860.56	959.28	1,067
Total Liabilities & Equity	1,913	2,111	1,555	1,525	1,568	1,615
Total Debt	203.07	193.32	173.72	154.12	136.4	119.8
Net Cash (Debt)	-38.21	347.86	-151.73	-137.38	-121.81	-114.38
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.00	0.28	-0.15	-0.14	-0.12	-0.12
Filing Date Shares Outstanding	118,120	1,256	989.16	989.16	989.16	989.16
Total Common Shares Outstanding	118,120	1,256	989.16	989.16	989.16	989.16
Working Capital	24.11	-10.84	-438	-391.74	-325.45	-255.25
Book Value Per Share	0.01	0.95	0.79	0.87	0.97	1.08
Tangible Book Value	1,223	1,194	781.81	860.56	959.28	1,067
Tangible Book Value Per Share	0.01	0.95	0.79	0.87	0.97	1.08
Land	-	1,046	1,046	1,046	1,046	1,046
Buildings	-	427.32	427.32	427.32	427.32	427.32
Machinery	-	141.87	130.6	130.03	128.66	127.29
Construction In Progress	-	7.83	7.83	7.83	7.83	7.83