Northern Nigeria Flour Mills Plc (NGX:NNFM)

NGX:NNFM Balance Sheet

Financials in millions NGN. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	880.17	2,991	1,762	962.52	521.59
Cash & Short-Term Investments	880.17	2,991	1,762	962.52	521.59
Cash Growth	-70.58%	69.75%	83.08%	84.54%	-77.44%
Accounts Receivable	965.3	1,004	622.48	114.5	0.27
Other Receivables	39.38	41.36	36.2	107.41	9.11
Receivables	1,005	1,045	658.68	221.91	9.38
Inventory	20,457	6,255	7,645	8,238	3,206
Prepaid Expenses	940.67	106.38	133.79	34.14	41.4
Other Current Assets	81.77	62.8	59.63	0.48	8.11
Total Current Assets	23,364	10,461	10,259	9,457	3,787
Property, Plant & Equipment	7,183	7,460	7,567	3,848	3,572
Other Long-Term Assets	2.33	3.11	1.52	10.26	6.16
Total Assets	30,549	17,924	17,828	13,315	7,365
Accounts Payable	16,772	4,368	8,535	9,053	1,547
Accrued Expenses	1,349	480.43	369.22	348.03	220.92
Current Portion of Long-Term Debt	-	45.74	164.79	156.13	1,627
Current Income Taxes Payable	1,257	686.68	95.34	97.81	31.76
Current Unearned Revenue	417.34	1,240	93.6	104.66	377.69
Other Current Liabilities	47.15	1,946	937.79	31.51	29.4
Total Current Liabilities	19,843	8,767	10,196	9,791	3,834
Long-Term Debt	-	-	49.22	237.57	384.99
Long-Term Unearned Revenue	-	-	0.62	9.33	33.17
Long-Term Deferred Tax Liabilities	754.15	881.75	762.67	201.57	104.83
Other Long-Term Liabilities	-	-	39.86	30.75	40.05
Total Liabilities	20,856	9,847	11,248	10,461	4,577
Common Stock	89.1	89.1	89.1	89.1	89.1
Additional Paid-In Capital	89.52	89.52	89.52	89.52	89.52
Retained Earnings	4,469	2,853	1,355	1,110	1,043
Comprehensive Income & Other	5,046	5,046	5,046	1,566	1,566
Shareholders' Equity	9,693	8,078	6,580	2,854	2,788
Total Liabilities & Equity	30,549	17,924	17,828	13,315	7,365
Total Debt	-	45.74	214.01	393.7	2,012
Net Cash (Debt)	880.17	2,946	1,548	568.82	-1,490
Net Cash Growth	-70.12%	90.27%	172.17%	-	-
Net Cash Per Share	4.94	16.53	8.69	3.19	-8.36
Filing Date Shares Outstanding	178.2	178.2	179.42	178.2	178.2
Total Common Shares Outstanding	178.2	178.2	179.42	178.2	178.2
Working Capital	3,521	1,694	63.37	-334.42	-46.97
Book Value Per Share	54.40	45.33	36.67	16.02	15.64
Tangible Book Value	9,693	8,078	6,580	2,854	2,788
Tangible Book Value Per Share	54.40	45.33	36.67	16.02	15.64
Land	5,628	5,628	5,628	1,761	1,761
Buildings	451.65	351.69	319.23	136.23	116.17
Machinery	4,001	3,990	3,849	3,792	3,553
Construction In Progress	-	117.13	94.45	282.6	94.36

Updated Jan 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.