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	5,513	1,979	1,969	1,820	1,820
Cash & Equivalents	930.98	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	371.53	465.59	574.47	575.33	686.26
Other Current Assets	1.15	1.09	1.13	1.13	1.03
Other Long-Term Assets	-	-	-	-	0
Total Assets	7,082	3,473	3,300	2,956	2,866
Accrued Expenses	34.66	28.76	26.47	20.34	18.21
Current Unearned Revenue	150.1	118.98	-	-	90.3
Other Current Liabilities	419.3	423.14	377.33	388.57	348.51
Long-Term Unearned Revenue	-	-	122.48	95.25	-
Other Long-Term Liabilities	15.85	121.34	180.17	7.09	5.75
Total Liabilities	619.92	692.21	706.45	511.24	462.77
Common Stock	2,000	2,000	2,000	2,000	2,000
Retained Earnings	979.15	780.66	593.57	445.07	403.45
Comprehensive Income & Other	3,483	-	-	-	-
Shareholders' Equity	6,462	2,781	2,594	2,445	2,403
Total Liabilities & Equity	7,082	3,473	3,300	2,956	2,866
Net Cash (Debt)	930.98	1,027	755.42	559.41	358.03
Net Cash (Debt) Growth	-9.35%	35.95%	35.04%	56.25%	-66.15%
Net Cash Per Share	46.54	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	323.11	139.03	129.68	122.25	120.17
Tangible Book Value	6,462	2,781	2,594	2,445	2,403
Tangible Book Value Per Share	323.11	139.03	129.68	122.25	120.17

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