NGX:MTNN 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	506,716	632,501	253,377	345,074	349,500	260,891
Short-Term Investments	231,486	133,174	50,825	7,051	19,749	51,444
Trading Asset Securities	132,921	29,081	1,584	205	539	6,220
Cash & Short-Term Investments	871,123	794,756	305,786	352,330	369,788	318,555
Cash Growth	134.01%	159.91%	-13.21%	-4.72%	16.08%	-24.51%
Accounts Receivable	138,231	126,729	188,688	87,683	72,234	46,625
Other Receivables	142,759	162,783	125,561	111,425	102,379	39,007
Receivables	280,990	289,512	314,249	199,108	174,613	85,632
Inventory	19,441	23,298	6,971	6,027	3,678	5,310
Prepaid Expenses	88,394	107,517	53,464	16,306	16,883	41,600
Restricted Cash	94,083	37,707	107,023	394,409	196,082	146,188
Other Current Assets	1,188	1,298	3,843	7,601	-	-
Total Current Assets	1,355,219	1,254,088	791,336	975,781	761,044	597,285
Property, Plant & Equipment	3,853,263	3,570,401	2,630,884	1,573,937	1,403,836	1,387,925
Long-Term Investments	11,238	17,812	9,068	6,632	10,585	10,845
Goodwill	10,016	10,016	10,016	10,016	10,016	10,016
Other Intangible Assets	415,131	411,394	398,767	437,583	325,583	235,542
Long-Term Deferred Tax Assets	132,039	93,629	321,349	151,362	11,018	3,404
Long-Term Deferred Charges	13,237	12,319	9,344	7,136	6,602	5,602
Other Long-Term Assets	59,050	33,830	26,227	26,380	10,685	12,340
Total Assets	5,849,193	5,403,489	4,196,991	3,188,827	2,539,369	2,262,959
Accounts Payable	365,271	378,976	408,028	248,475	105,488	96,668
Accrued Expenses	824,892	845,335	689,585	360,271	381,003	322,148
Current Portion of Long-Term Debt	62,737	108,097	336,325	689,352	250,210	152,835
Current Portion of Leases	289,964	269,182	285,680	190,777	68,838	62,531
Current Income Taxes Payable	584,652	355,175	25,012	157,971	199,959	144,163
Current Unearned Revenue	139,337	139,280	117,272	102,796	92,861	72,336
Other Current Liabilities	167,174	152,374	126,416	143,777	74,807	55,187
Total Current Liabilities	2,434,027	2,248,419	1,988,318	1,893,419	1,173,166	905,868
Long-Term Debt	314,966	419,572	636,590	487,817	439,463	340,425
Long-Term Leases	2,092,157	2,117,047	1,997,744	813,634	591,178	628,325
Pension & Post-Retirement Benefits	14,504	13,699	9,440	8,429	6,835	6,685
Long-Term Deferred Tax Liabilities	-	-	-	1,149	57,573	108,087
Other Long-Term Liabilities	89,599	56,040	22,906	25,223	8,612	8,588
Total Liabilities	4,945,253	4,854,777	4,654,998	3,229,671	2,276,827	1,997,978
Common Stock	420	420	420	420	407	407
Additional Paid-In Capital	166,362	166,362	166,362	166,362	17,216	17,216
Retained Earnings	755,689	400,402	-607,466	-208,018	246,679	246,473
Treasury Stock	-4,041	-4,041	-4,869	-4,869	-4,869	-
Comprehensive Income & Other	-14,490	-14,431	-12,454	701	1,664	885
Total Common Equity	903,940	548,712	-458,007	-45,404	261,097	264,981
Minority Interest	-	-	-	4,560	1,445	-
Shareholders' Equity	903,940	548,712	-458,007	-40,844	262,542	264,981
Total Liabilities & Equity	5,849,193	5,403,489	4,196,991	3,188,827	2,539,369	2,262,959
Total Debt	2,759,824	2,913,898	3,256,339	2,181,580	1,349,689	1,184,116
Net Cash (Debt)	-1,888,701	-2,119,142	-2,950,553	-1,829,250	-979,901	-865,561
Net Cash Per Share	-90.07	-101.06	-140.70	-87.24	-46.74	-42.52
Filing Date Shares Outstanding	20,970	20,970	20,967	20,967	20,326	20,355
Total Common Shares Outstanding	20,970	20,970	20,967	20,967	20,326	20,355
Working Capital	-1,078,808	-994,331	-1,196,982	-917,638	-412,122	-308,583
Book Value Per Share	43.11	26.17	-21.84	-2.17	12.85	13.02
Tangible Book Value	478,793	127,302	-866,790	-493,003	-74,502	19,423
Tangible Book Value Per Share	22.83	6.07	-41.34	-23.51	-3.67	0.95
Land	27,862	27,862	27,862	27,665	26,692	5,690
Buildings	94,340	92,712	38,048	33,697	32,489	28,876
Machinery	2,839,532	2,605,644	1,879,579	98,208	80,905	76,913
Construction In Progress	280,674	153,640	199,603	193,923	138,678	143,968
Leasehold Improvements	31,338	31,453	27,899	25,753	24,432	23,624

Source: S&P Global Market Intelligence. Standard template. Financial Sources.