NGX:MTNN Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	495,866	253,377	345,074	349,500	260,891	275,198
Short-Term Investments	96,033	50,825	7,051	19,749	51,444	121,803
Trading Asset Securities	35,910	1,584	205	539	6,220	24,980
Cash & Short-Term Investments	627,809	305,786	352,330	369,788	318,555	421,981
Cash Growth	192.73%	-13.21%	-4.72%	16.08%	-24.51%	146.62%
Accounts Receivable	128,326	188,688	87,683	72,234	46,625	36,741
Other Receivables	126,115	125,561	111,425	102,379	39,007	9,407
Receivables	254,441	314,249	199,108	174,613	85,632	46,148
Inventory	16,645	6,971	6,027	3,678	5,310	2,158
Prepaid Expenses	89,256	53,464	16,306	16,883	41,600	4,618
Restricted Cash	41,749	107,023	394,409	196,082	146,188	47,913
Other Current Assets	1,246	3,843	7,601	-	-	-
Total Current Assets	1,031,146	791,336	975,781	761,044	597,285	522,818
Property, Plant & Equipment	3,393,302	2,630,884	1,573,937	1,403,836	1,387,925	1,281,902
Long-Term Investments	14,291	9,068	6,632	10,585	10,845	25,847
Goodwill	10,016	10,016	10,016	10,016	10,016	10,016
Other Intangible Assets	398,790	398,767	437,583	325,583	235,542	101,064
Long-Term Deferred Tax Assets	107,506	321,349	151,362	11,018	3,404	-
Long-Term Deferred Charges	11,265	9,344	7,136	6,602	5,602	7,990
Other Long-Term Assets	28,029	26,227	26,380	10,685	12,340	13,906
Total Assets	4,994,345	4,196,991	3,188,827	2,539,369	2,262,959	1,963,543
Accounts Payable	364,506	409,198	248,475	105,488	96,668	94,858
Accrued Expenses	787,143	689,585	360,271	381,003	322,148	191,508
Current Portion of Long-Term Debt	178,618	336,325	689,352	250,210	152,835	190,599
Current Portion of Leases	299,176	285,680	190,777	68,838	62,531	54,798
Current Income Taxes Payable	163,178	25,012	157,971	199,959	144,163	107,310
Current Unearned Revenue	126,623	117,272	102,796	92,861	72,336	62,301
Other Current Liabilities	115,325	125,246	143,777	74,807	55,187	42,538
Total Current Liabilities	2,034,569	1,988,318	1,893,419	1,173,166	905,868	743,912
Long-Term Debt	488,201	636,590	487,817	439,463	340,425	330,551
Long-Term Leases	2,128,506	1,997,744	813,634	591,178	628,325	586,992
Pension & Post-Retirement Benefits	11,698	9,440	8,429	6,835	6,685	8,261
Long-Term Deferred Tax Liabilities	-	-	1,149	57,573	108,087	113,130
Other Long-Term Liabilities	38,235	22,906	25,223	8,612	8,588	2,311
Total Liabilities	4,701,209	4,654,998	3,229,671	2,276,827	1,997,978	1,785,157
Common Stock	420	420	420	407	407	407
Additional Paid-In Capital	166,362	166,362	166,362	17,216	17,216	17,216
Retained Earnings	142,719	-607,466	-208,018	246,679	246,473	160,524
Treasury Stock	-4,041	-4,869	-4,869	-4,869	-	-
Comprehensive Income & Other	-12,324	-12,454	701	1,664	885	239
Total Common Equity	293,136	-458,007	-45,404	261,097	264,981	178,386
Minority Interest	-	-	4,560	1,445	-	-
Shareholders' Equity	293,136	-458,007	-40,844	262,542	264,981	178,386
Total Liabilities & Equity	4,994,345	4,196,991	3,188,827	2,539,369	2,262,959	1,963,543
Total Debt	3,094,501	3,256,339	2,181,580	1,349,689	1,184,116	1,162,940
Net Cash (Debt)	-2,466,692	-2,950,553	-1,829,250	-979,901	-865,561	-740,959
Net Cash Per Share	-117.65	-140.72	-87.24	-46.74	-42.52	-36.40
Filing Date Shares Outstanding	20,970	20,967	20,967	20,326	20,355	20,355
Total Common Shares Outstanding	20,970	20,967	20,967	20,326	20,355	20,355
Working Capital	-1,003,423	-1,196,982	-917,638	-412,122	-308,583	-221,094
Book Value Per Share	13.98	-21.84	-2.17	12.85	13.02	8.76
Tangible Book Value	-115,670	-866,790	-493,003	-74,502	19,423	67,306
Tangible Book Value Per Share	-5.52	-41.34	-23.51	-3.67	0.95	3.31
Land	27,862	27,862	27,665	26,692	5,690	5,690
Buildings	89,835	38,048	33,697	32,489	28,876	28,877
Machinery	137,117	106,356	98,208	80,905	76,913	51,631
Construction In Progress	198,401	199,603	193,923	138,678	143,968	52,358
Leasehold Improvements	30,039	27,899	25,753	24,432	23,624	24,085

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