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	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	272.22	541.19	22	16.74	14.59	5.42
Cash & Short-Term Investments	272.22	541.19	22	16.74	14.59	5.42
Cash Growth	702.76%	2360.38%	31.37%	14.77%	169.05%	69.33%
Accounts Receivable	147.69	88.54	32.69	13.41	26.4	26.92
Other Receivables	3.7	4.48	2.46	2.56	2.35	2.16
Receivables	151.39	93.02	35.15	15.97	28.74	29.08
Inventory	96.79	68.68	69.6	34.51	35.48	47.32
Prepaid Expenses	3.46	0.04	0.04	0.62	0.04	6.54
Other Current Assets	33.52	25.54	24.04	20.67	19.82	19.59
Total Current Assets	557.38	728.46	150.82	88.51	98.67	107.96
Property, Plant & Equipment	1,379	1,382	1,404	1,437	1,469	1,507
Total Assets	1,936	2,111	1,555	1,525	1,568	1,615
Accounts Payable	21.32	140.85	101.35	31.01	32.16	30.14
Accrued Expenses	151.76	191.19	198	196.42	192.08	171.52
Short-Term Debt	198.18	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	46.26	143.78	43.38	52.01	28.18	8.95
Other Current Liabilities	94.86	60.95	67.66	43.76	33.37	31.96
Total Current Liabilities	517.09	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	701.76	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	217.9	351.32	84.48	84.48	84.48	84.48
Retained Earnings	-864.17	-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	1,234	1,194	781.81	860.56	959.28	1,067
Total Liabilities & Equity	1,936	2,111	1,555	1,525	1,568	1,615
Total Debt	198.18	193.32	173.72	154.12	136.4	119.8
Net Cash (Debt)	74.04	347.86	-151.73	-137.38	-121.81	-114.38
Net Cash Per Share	0.06	0.28	-0.15	-0.14	-0.12	-0.12
Filing Date Shares Outstanding	994.63	1,256	989.16	989.16	989.16	989.16
Total Common Shares Outstanding	994.63	1,256	989.16	989.16	989.16	989.16
Working Capital	40.3	-10.84	-438	-391.74	-325.45	-255.25
Book Value Per Share	1.24	0.95	0.79	0.87	0.97	1.08
Tangible Book Value	1,234	1,194	781.81	860.56	959.28	1,067
Tangible Book Value Per Share	1.24	0.95	0.79	0.87	0.97	1.08
Land	1,474	1,046	1,046	1,046	1,046	1,046
Buildings	-	427.32	427.32	427.32	427.32	427.32
Machinery	145.61	141.87	130.6	130.03	128.66	127.29
Construction In Progress	9.81	7.83	7.83	7.83	7.83	7.83