Red Star Express Balance Sheet

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

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	1,961	1,368	1,119	589.14	460.34
Cash & Short-Term Investments	1,961	1,368	1,119	589.14	460.34
Cash Growth	43.38%	22.22%	89.99%	27.98%	-51.80%
Accounts Receivable	2,824	3,309	2,416	2,612	2,369
Other Receivables	2,325	-	-	16.42	33.26
Receivables	5,149	3,309	2,416	2,697	2,480
Inventory	100.78	73.14	70.64	98.03	91.71
Prepaid Expenses	282.28	322.96	184.37	183.08	78.57
Other Current Assets	-	1,880	1,818	1,333	1,308
Total Current Assets	7,493	6,954	5,608	4,899	4,419
Property, Plant & Equipment	3,251	2,957	3,355	3,330	3,035
Long-Term Investments	12.07	3.36	2.17	0.87	1.7
Other Intangible Assets	119.86	154.63	9.97	25.75	45.35
Other Long-Term Assets	156.87	210.59	268.77	401.94	251.47
Total Assets	11,033	10,279	9,244	8,658	7,752
Accounts Payable	1,744	1,743	1,145	1,852	1,092
Accrued Expenses	-	2,360	2,119	1,032	1,311
Current Portion of Long-Term Debt	-	113.31	262.43	138.42	104.57
Current Portion of Leases	84.42	45.5	27.05	27.38	21.5
Current Income Taxes Payable	415.23	283.85	124.48	204.26	227.53
Other Current Liabilities	3,124	618.92	440.56	308.6	319.96
Total Current Liabilities	5,368	5,165	4,118	3,563	3,076
Long-Term Debt	-	-	167.38	183.18	274.77
Long-Term Leases	13.64	13.64	47.66	55.14	68.47
Long-Term Deferred Tax Liabilities	216.91	216.63	236.61	278.75	139.42
Other Long-Term Liabilities	1.51	1.51	-	-	-
Total Liabilities	5,600	5,396	4,570	4,080	3,559
Common Stock	477.21	477.21	477.21	477.21	477.21
Additional Paid-In Capital	1,516	1,516	1,516	1,516	1,516
Retained Earnings	3,429	2,887	2,679	2,585	2,200
Comprehensive Income & Other	11.53	2.82	1.64	0.33	1.16
Shareholders' Equity	5,433	4,883	4,674	4,578	4,194
Total Liabilities & Equity	11,033	10,279	9,244	8,658	7,752
Total Debt	98.06	172.44	504.52	404.13	469.31
Net Cash (Debt)	1,863	1,196	614.78	185.01	-8.97
Net Cash Growth	55.86%	94.47%	232.29%	-	-
Net Cash Per Share	1.95	1.25	0.64	0.19	-0.01
Filing Date Shares Outstanding	954.42	954.42	954.42	954.42	954.45
Total Common Shares Outstanding	954.42	954.42	954.42	954.42	954.45
Working Capital	2,126	1,789	1,490	1,337	1,343
Book Value Per Share	5.69	5.12	4.90	4.80	4.39
Tangible Book Value	5,313	4,728	4,664	4,552	4,148
Tangible Book Value Per Share	5.57	4.95	4.89	4.77	4.35
Land	-	414.41	554.13	554.13	553.73
Buildings	-	1,166	536.67	536.67	532.56
Machinery	-	4,958	4,499	4,113	3,779
Construction In Progress	-	121.14	1,044	909.46	458.23

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