UPDC Plc (NGX:UPDC)

UPDC Plc Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	17,224	11,505	4,918	3,161	1,878	2,947
Cash & Short-Term Investments	17,224	11,505	4,918	3,161	1,878	2,947
Cash Growth	210.94%	133.93%	55.56%	68.31%	-36.27%	133.62%
Accounts Receivable	783.3	385.01	442.41	98.77	45.74	272.77
Other Receivables	1,152	1,154	1,615	1,817	2,620	3,175
Receivables	1,935	1,539	2,057	1,916	2,666	3,448
Inventory	4,691	8,730	3,200	5,266	6,085	4,271
Prepaid Expenses	160.61	70.19	68	29.73	33.16	16.68
Other Current Assets	59.41	47.73	60.26	93.91	8,144	8,921
Total Current Assets	24,071	21,892	10,303	10,467	18,806	19,604
Property, Plant & Equipment	8,494	8,253	8,334	8,390	49.93	31.47
Long-Term Investments	1,081	787.21	973.99	525.89	722.62	864.17
Other Intangible Assets	78.18	56.3	52.2	45.44	16.39	6.6
Other Long-Term Assets	0	-	-	-	-	1,787
Total Assets	33,723	30,988	19,664	19,428	19,595	22,293
Accounts Payable	3,809	3,012	1,217	1,125	726.36	1,560
Accrued Expenses	1,468	1,808	1,149	1,203	555.09	1,824
Short-Term Debt	-	-	-	-	-	1,143
Current Portion of Long-Term Debt	210.22	116.59	70.73	70.73	-	8.2
Current Income Taxes Payable	890.17	490.89	167.49	144.05	138.96	119.69
Current Unearned Revenue	2,970	2,479	2,374	2,802	2,267	1,926
Other Current Liabilities	10,549	10,490	1,076	1,118	2,222	1,724
Total Current Liabilities	19,896	18,396	6,054	6,463	5,910	8,305
Long-Term Debt	2,519	3,023	4,702	4,702	5,512	4,271
Long-Term Unearned Revenue	-	-	-	-	-	2.15
Long-Term Deferred Tax Liabilities	83.35	83.35	72.54	73.02	79.36	72.54
Other Long-Term Liabilities	-	-	-	-	-	-0
Total Liabilities	22,499	21,503	10,829	11,238	11,501	12,651
Common Stock	9,280	9,280	9,280	9,280	9,280	9,280
Additional Paid-In Capital	8,972	8,972	8,972	8,972	8,972	8,972
Retained Earnings	-8,512	-9,149	-9,581	-9,835	-10,578	-8,728
Comprehensive Income & Other	393.57	100.06	286.84	-166.77	418.1	166.77
Total Common Equity	10,133	9,203	8,957	8,250	8,092	9,690
Minority Interest	1,092	282.84	-121.88	-59.58	2.56	-48.49
Shareholders' Equity	11,225	9,486	8,835	8,191	8,094	9,642
Total Liabilities & Equity	33,723	30,988	19,664	19,428	19,595	22,293
Total Debt	2,729	3,139	4,773	4,773	5,512	5,423
Net Cash (Debt)	14,495	8,365	145.19	-1,611	-3,633	-2,475
Net Cash Growth	669.03%	5661.74%	-	-	-	-
Net Cash Per Share	0.78	0.45	0.01	-0.09	-0.20	-0.18
Filing Date Shares Outstanding	18,560	18,560	18,560	18,560	18,560	18,560
Total Common Shares Outstanding	18,560	18,560	18,560	18,560	18,560	18,560
Working Capital	4,174	3,495	4,249	4,004	12,896	11,299
Book Value Per Share	0.55	0.50	0.48	0.44	0.44	0.52
Tangible Book Value	10,054	9,146	8,905	8,205	8,075	9,684
Tangible Book Value Per Share	0.54	0.49	0.48	0.44	0.44	0.52
Land	1,104	1,104	1,104	1,104	-	-
Buildings	7,025	7,025	7,025	7,025	-	-
Machinery	1,172	718.48	491.7	431.7	194.19	232.47

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