Red Star Express Plc (NGX:REDSTAREX)

Red Star Express Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	1,413	1,368	1,119	589.14	460.34	954.97
Cash & Short-Term Investments	1,413	1,368	1,119	589.14	460.34	954.97
Cash Growth	50.78%	22.22%	89.99%	27.98%	-51.80%	-47.68%
Accounts Receivable	3,123	3,309	2,416	2,612	2,369	2,074
Other Receivables	12.67	-	-	16.42	33.26	1,118
Receivables	3,136	3,309	2,416	2,697	2,480	3,192
Inventory	93.49	73.14	70.64	98.03	91.71	66.54
Prepaid Expenses	555.42	322.96	184.37	183.08	78.57	275.26
Other Current Assets	1,780	1,880	1,818	1,333	1,308	-
Total Current Assets	6,978	6,954	5,608	4,899	4,419	4,489
Property, Plant & Equipment	3,152	2,957	3,355	3,330	3,035	2,834
Long-Term Investments	3.36	3.36	2.17	0.87	1.7	2.33
Other Intangible Assets	133.05	154.63	9.97	25.75	45.35	45.23
Other Long-Term Assets	171.52	210.59	268.77	401.94	251.47	168.34
Total Assets	10,438	10,279	9,244	8,658	7,752	7,539
Accounts Payable	1,945	1,743	1,145	1,852	1,092	763.37
Accrued Expenses	2,394	2,360	2,119	1,032	1,311	1,193
Current Portion of Long-Term Debt	-	113.31	262.43	138.42	104.57	104.57
Current Portion of Leases	84.72	45.5	27.05	27.38	21.5	123.64
Current Income Taxes Payable	217.62	283.85	124.48	204.26	227.53	176.23
Other Current Liabilities	561.73	618.92	440.56	308.6	319.96	358.25
Total Current Liabilities	5,202	5,165	4,118	3,563	3,076	2,719
Long-Term Debt	-	-	167.38	183.18	274.77	379.81
Long-Term Leases	10.27	13.64	47.66	55.14	68.47	56.79
Long-Term Deferred Tax Liabilities	216.63	216.63	236.61	278.75	139.42	150.18
Other Long-Term Liabilities	1.51	1.51	-	-	-	-
Total Liabilities	5,431	5,396	4,570	4,080	3,559	3,306
Common Stock	477.21	477.21	477.21	477.21	477.21	463.18
Additional Paid-In Capital	1,516	1,516	1,516	1,516	1,516	1,437
Retained Earnings	3,012	2,887	2,679	2,585	2,200	2,331
Comprehensive Income & Other	2.82	2.82	1.64	0.33	1.16	1.79
Shareholders' Equity	5,008	4,883	4,674	4,578	4,194	4,233
Total Liabilities & Equity	10,438	10,279	9,244	8,658	7,752	7,539
Total Debt	95	172.44	504.52	404.13	469.31	664.81
Net Cash (Debt)	1,318	1,196	614.78	185.01	-8.97	290.16
Net Cash Growth	119.42%	94.47%	232.29%	-	-	-81.05%
Net Cash Per Share	1.38	1.25	0.64	0.19	-0.01	0.30
Filing Date Shares Outstanding	954.42	954.42	954.42	954.42	954.45	954.42
Total Common Shares Outstanding	954.42	954.42	954.42	954.42	954.45	954.42
Working Capital	1,776	1,789	1,490	1,337	1,343	1,770
Book Value Per Share	5.25	5.12	4.90	4.80	4.39	4.44
Tangible Book Value	4,875	4,728	4,664	4,552	4,148	4,188
Tangible Book Value Per Share	5.11	4.95	4.89	4.77	4.35	4.39
Land	414.41	414.41	554.13	554.13	553.73	519.11
Buildings	1,202	1,166	536.67	536.67	532.56	511.17
Machinery	5,052	4,958	4,499	4,113	3,779	3,393
Construction In Progress	120.11	121.14	1,044	909.46	458.23	255.19

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