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	8.93	60.62	37.97	43.7	35.78
Cash & Short-Term Investments	8.93	60.62	37.97	43.7	35.78
Cash Growth	-85.27%	59.65%	-13.10%	22.14%	-9.29%
Accounts Receivable	136.96	161.43	192.86	179.12	171.31
Other Receivables	7.97	5.06	4.36	4.34	20.06
Receivables	145.13	166.51	197.6	184.13	191.37
Inventory	1.67	2.14	2.48	3.8	5.01
Prepaid Expenses	24.17	36.5	52.62	6.42	7.37
Other Current Assets	98.2	97.9	158.8	168.74	135.71
Total Current Assets	278.1	363.67	449.48	406.79	375.23
Property, Plant & Equipment	146.97	169.33	201.33	236.17	230.37
Long-Term Investments	21.77	53.77	56.93	30.4	5.44
Other Intangible Assets	3.61	6.69	12.17	13.4	16.48
Long-Term Deferred Tax Assets	24.57	14.4	-	10.26	22.06
Total Assets	475.01	607.86	719.91	697.03	649.59
Accounts Payable	117.18	105.28	50.01	46.92	8.22
Accrued Expenses	314.37	257.87	248.51	233.87	231.29
Current Income Taxes Payable	0.98	25.52	29.39	32.58	36.01
Other Current Liabilities	4.13	4.13	4.69	4.7	13.45
Total Current Liabilities	436.67	392.79	332.6	318.08	288.96
Long-Term Deferred Tax Liabilities	-	-	1.7	-	-
Total Liabilities	436.67	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	-281.99	-105.27	65.26	58.61	54.94
Shareholders' Equity	38.35	215.07	385.6	378.95	360.63
Total Liabilities & Equity	475.01	607.86	719.91	697.03	649.59
Net Cash (Debt)	8.93	60.62	37.97	43.7	35.78
Net Cash Growth	-85.27%	59.65%	-13.10%	22.14%	-9.29%
Net Cash Per Share	0.02	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	-158.56	-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	34.74	208.38	373.43	365.55	344.14
Tangible Book Value Per Share	0.07	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	462.47	462.86	461.87	466.73	466.37

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