Trans-Nationwide Express 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
Cash & Equivalents	24.94	60.62	37.97	43.7	35.78
Cash & Short-Term Investments	24.94	60.62	37.97	43.7	35.78
Cash Growth	-58.86%	59.65%	-13.10%	22.14%	-9.29%
Accounts Receivable	187.54	161.43	192.86	179.12	171.31
Other Receivables	0.42	5.06	4.36	4.34	20.06
Receivables	187.96	166.51	197.6	184.13	191.37
Inventory	2.14	2.14	2.48	3.8	5.01
Prepaid Expenses	27.28	36.5	52.62	6.42	7.37
Other Current Assets	97.9	97.9	158.8	168.74	135.71
Total Current Assets	340.22	363.67	449.48	406.79	375.23
Property, Plant & Equipment	147.08	169.33	201.33	236.17	230.37
Long-Term Investments	28.44	53.77	56.93	30.4	5.44
Other Intangible Assets	2.53	6.69	12.17	13.4	16.48
Long-Term Deferred Tax Assets	14.4	14.4	-	10.26	22.06
Total Assets	532.67	607.86	719.91	697.03	649.59
Accounts Payable	141.33	105.28	50.01	46.92	8.22
Accrued Expenses	320.45	257.87	248.51	233.87	231.29
Current Income Taxes Payable	23.31	25.52	29.39	32.58	36.01
Other Current Liabilities	3.61	4.13	4.69	4.7	13.45
Total Current Liabilities	488.7	392.79	332.6	318.08	288.96
Long-Term Deferred Tax Liabilities	1.7	-	1.7	-	-
Total Liabilities	490.41	392.79	334.31	318.08	288.96
Common Stock	249.08	249.08	249.08	249.08	234.42
Additional Paid-In Capital	71.26	71.26	71.26	71.26	71.26
Retained Earnings	-278.08	-105.27	65.26	58.61	54.94
Shareholders' Equity	42.26	215.07	385.6	378.95	360.63
Total Liabilities & Equity	532.67	607.86	719.91	697.03	649.59
Net Cash (Debt)	24.94	60.62	37.97	43.7	35.78
Net Cash Growth	-58.86%	59.65%	-13.10%	22.14%	-9.29%
Net Cash Per Share	0.05	0.12	0.08	0.09	0.07
Filing Date Shares Outstanding	498.15	498.15	498.15	498.15	498.15
Total Common Shares Outstanding	498.15	498.15	498.15	498.15	498.15
Working Capital	-148.49	-29.12	116.88	88.72	86.27
Book Value Per Share	0.08	0.43	0.77	0.76	0.72
Tangible Book Value	39.73	208.38	373.43	365.55	344.14
Tangible Book Value Per Share	0.08	0.42	0.75	0.73	0.69
Land	55	55	55	55	55
Buildings	97.84	97.84	97.84	97.84	97.84
Machinery	463.01	462.86	461.87	466.73	466.37

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