Secure Electronic Technology Plc (NGX:NSLTECH)

Accolade Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	71.05	52.66	69.91	56.37	29.13	17.52
Cash & Short-Term Investments	71.05	52.66	69.91	56.37	29.13	17.52
Cash Growth	7.89%	-24.68%	24.03%	93.52%	66.27%	164.30%
Accounts Receivable	107.97	105.06	-56.18	283.44	286.76	307.5
Other Receivables	65.43	65.57	208.91	76.32	76.24	75.72
Receivables	173.4	170.63	152.73	359.76	363	383.22
Prepaid Expenses	7.37	8.2	-	-	-	-
Total Current Assets	251.82	231.48	222.64	416.12	392.13	400.74
Property, Plant & Equipment	1,092	1,118	647.93	2,046	2,096	2,150
Other Intangible Assets	2,427	2,492	1,463	-	-	-
Long-Term Deferred Tax Assets	995.22	995.22	995.22	995.22	995.22	995.22
Total Assets	4,766	4,838	3,329	3,457	3,484	3,546
Accounts Payable	8.82	-0	-	310.65	310.65	310.65
Accrued Expenses	-	25.76	30.51	-	-	-
Short-Term Debt	-	20	-	-	-	-
Current Income Taxes Payable	541.1	522.16	492.64	469.49	443.7	434.28
Other Current Liabilities	69.26	48.32	76.08	62.91	74.22	53.93
Total Current Liabilities	619.18	616.24	599.23	843.06	828.56	798.86
Long-Term Debt	560.65	-	-	-	-	-
Other Long-Term Liabilities	-	310.65	310.65	-	-	-
Total Liabilities	1,180	926.89	909.88	843.06	828.56	798.86
Common Stock	2,816	2,816	2,816	2,816	2,816	2,816
Retained Earnings	770.04	1,095	-397.11	-201.57	-160.69	-68.75
Shareholders' Equity	3,586	3,911	2,419	2,614	2,655	2,747
Total Liabilities & Equity	4,766	4,838	3,329	3,457	3,484	3,546
Total Debt	560.65	20	-	-	-	-
Net Cash (Debt)	-489.6	32.66	69.91	56.37	29.13	17.52
Net Cash Growth	-	-53.29%	24.03%	93.52%	66.27%	164.30%
Net Cash Per Share	-0.09	0.01	0.01	0.01	0.01	0.00
Filing Date Shares Outstanding	5,632	5,632	5,632	5,632	5,632	5,632
Total Common Shares Outstanding	5,632	5,632	5,632	5,632	5,632	5,632
Working Capital	-367.36	-384.75	-376.59	-426.93	-436.44	-398.12
Book Value Per Share	0.64	0.69	0.43	0.46	0.47	0.49
Tangible Book Value	1,159	1,418	955.92	2,614	2,655	2,747
Tangible Book Value Per Share	0.21	0.25	0.17	0.46	0.47	0.49
Machinery	-	7,101	6,567	5,951	5,949	5,949
Leasehold Improvements	-	68.07	68.07	68.07	68.07	68.07

Updated Jan 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.