NGX:SFSREIT Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Property, Plant & Equipment	2,246	1,979	1,969	1,820	1,820
Cash & Equivalents	132.85	1,027	755.42	559.41	358.03
Other Receivables	265.96	0.42	0.05	0.05	0.52
Investment In Debt and Equity Securities	953.6	465.59	574.47	575.33	686.26
Other Current Assets	1.25	1.09	1.13	1.13	1.03
Other Long-Term Assets	-	-	-	-	0
Total Assets	3,599	3,473	3,300	2,956	2,866
Accrued Expenses	-	28.76	26.47	20.34	18.21
Current Unearned Revenue	151.27	-	-	-	90.3
Other Current Liabilities	458.37	423.14	377.33	388.57	348.51
Long-Term Unearned Revenue	-	118.98	122.48	95.25	-
Other Long-Term Liabilities	-	121.34	180.17	7.09	5.75
Total Liabilities	609.64	692.21	706.45	511.24	462.77
Common Stock	2,000	2,000	2,000	2,000	2,000
Retained Earnings	989.53	780.66	593.57	445.07	403.45
Shareholders' Equity	2,990	2,781	2,594	2,445	2,403
Total Liabilities & Equity	3,599	3,473	3,300	2,956	2,866
Net Cash (Debt)	132.85	1,027	755.42	559.41	358.03
Net Cash (Debt) Growth	-87.06%	35.95%	35.04%	56.25%	-66.15%
Net Cash Per Share	6.64	51.34	37.78	27.97	17.89
Filing Date Shares Outstanding	20	20	20	20	20
Total Common Shares Outstanding	20	20	20	20	20
Book Value Per Share	149.48	139.03	129.68	122.25	120.17
Tangible Book Value	2,990	2,781	2,594	2,445	2,403
Tangible Book Value Per Share	149.48	139.03	129.68	122.25	120.17

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.