Nestlé Nigeria 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	52,106	35,422	22,642	167,733	117,230	98,010
Short-Term Investments	-	-	-	2.37	702.5	2,508
Cash & Short-Term Investments	52,106	35,422	22,642	167,735	117,932	100,518
Cash Growth	44.71%	56.45%	-86.50%	42.23%	17.32%	71.23%
Accounts Receivable	20,936	19,201	7,852	13,109	4,995	3,956
Other Receivables	2,071	2,083	2,093	1,489	5,662	1,708
Receivables	26,767	22,004	10,503	15,073	11,255	6,238
Inventory	167,842	179,871	174,784	87,793	88,341	58,964
Prepaid Expenses	92,393	53,796	149,460	88,785	1,929	1,094
Other Current Assets	709.33	520.72	913.65	1,861	71,055	37,111
Total Current Assets	339,818	291,614	358,303	361,246	290,512	203,924
Property, Plant & Equipment	499,938	499,957	426,569	170,821	121,716	103,813
Long-Term Accounts Receivable	676.41	865.27	453.17	430.5	425.43	205.25
Long-Term Deferred Tax Assets	44,559	50,711	70,419	46,487	-	-
Other Long-Term Assets	-	-	53.95	97.57	-	-
Total Assets	888,106	846,160	858,698	581,774	415,044	310,239
Accounts Payable	188,524	110,931	107,198	69,831	57,389	52,563
Accrued Expenses	-	21,669	14,547	12,486	14,528	26,132
Short-Term Debt	231.74	164.71	158.08	-	-	2.35
Current Portion of Long-Term Debt	7,706	23,781	108,486	37,192	8,294	431.94
Current Portion of Leases	92.87	86.89	32.72	179.32	53.72	184.82
Current Income Taxes Payable	75,928	47,308	32,340	35,111	26,209	28,282
Current Unearned Revenue	28,908	31,807	28,875	20,063	16,548	15,452
Other Current Liabilities	90,445	139,631	109,789	115,776	95,384	72,469
Total Current Liabilities	391,836	375,378	401,427	290,638	218,405	195,518
Long-Term Debt	438,826	452,261	545,215	365,128	147,007	76,433
Long-Term Leases	-	-	-	-	127.89	283.14
Pension & Post-Retirement Benefits	5,806	5,629	4,346	4,044	4,360	4,039
Long-Term Deferred Tax Liabilities	-	-	-	-	14,854	12,588
Other Long-Term Liabilities	-	-	-	-	-	0
Total Liabilities	836,467	833,269	950,988	659,810	384,753	288,860
Common Stock	396.33	396.33	396.33	396.33	396.33	396.33
Additional Paid-In Capital	32.26	32.26	32.26	32.26	32.26	32.26
Retained Earnings	-73,780	-112,778	-243,228	-78,633	29,773	20,836
Comprehensive Income & Other	124,991	125,241	150,510	169.48	90.13	113.46
Shareholders' Equity	51,639	12,891	-92,290	-78,035	30,291	21,378
Total Liabilities & Equity	888,106	846,160	858,698	581,774	415,044	310,239
Total Debt	446,857	476,294	653,892	402,499	155,482	77,335
Net Cash (Debt)	-394,750	-440,872	-631,251	-234,764	-37,549	23,183
Net Cash Growth	-	-	-	-	-	31.05%
Net Cash Per Share	-498.01	-556.20	-796.37	-296.17	-47.37	29.25
Filing Date Shares Outstanding	792.66	792.66	792.66	792.66	792.66	792.66
Total Common Shares Outstanding	792.66	792.66	792.66	792.66	792.66	792.66
Working Capital	-52,018	-83,764	-43,124	70,608	72,107	8,406
Book Value Per Share	65.15	16.26	-116.43	-98.45	38.21	26.97
Tangible Book Value	51,639	12,891	-92,290	-78,035	30,291	21,378
Tangible Book Value Per Share	65.15	16.26	-116.43	-98.45	38.21	26.97
Land	14,944	14,944	14,944	1,215	1,215	1,215
Buildings	73,522	73,502	53,140	41,510	36,931	35,132
Machinery	340,976	340,323	290,654	141,600	121,788	106,842
Construction In Progress	154,110	144,676	107,006	67,450	33,710	24,483

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