UPDC Plc Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	10,652	10,198	11,505	4,918	3,161	1,878
Cash & Short-Term Investments	10,652	10,198	11,505	4,918	3,161	1,878
Cash Growth	-6.41%	-11.36%	133.93%	55.56%	68.31%	-36.27%
Accounts Receivable	553.27	670.78	385.01	442.41	98.77	45.74
Other Receivables	1,866	698.64	1,007	1,615	1,817	2,620
Receivables	2,419	1,369	1,392	2,057	1,916	2,666
Inventory	2,046	3,219	8,730	3,200	5,266	6,085
Prepaid Expenses	204.08	109.07	70.19	68	29.73	33.16
Other Current Assets	5,538	5,536	194.93	60.26	93.91	8,144
Total Current Assets	20,859	20,432	21,892	10,303	10,467	18,806
Property, Plant & Equipment	8,395	8,450	8,253	8,334	8,390	49.93
Long-Term Investments	1,046	1,033	787.21	973.99	525.89	722.62
Other Intangible Assets	70.88	74.68	56.3	52.2	45.44	16.39
Other Long-Term Assets	-	0	-	-	-	-
Total Assets	30,372	29,989	30,988	19,664	19,428	19,595
Accounts Payable	2,551	2,923	3,012	1,217	1,125	726.36
Accrued Expenses	1,115	1,126	1,808	1,149	1,203	555.09
Current Portion of Long-Term Debt	168.48	79.04	116.59	70.73	70.73	-
Current Income Taxes Payable	1,372	1,271	490.89	167.49	144.05	138.96
Current Unearned Revenue	4,025	3,976	2,479	2,374	2,802	2,267
Other Current Liabilities	7,051	6,941	10,490	1,076	1,118	2,222
Total Current Liabilities	16,282	16,315	18,396	6,054	6,463	5,910
Long-Term Debt	2,015	2,015	3,023	4,702	4,702	5,512
Long-Term Deferred Tax Liabilities	207.14	207.14	83.35	72.54	73.02	79.36
Other Long-Term Liabilities	0	-0	0	-	-	-
Total Liabilities	18,504	18,538	21,503	10,829	11,238	11,501
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	-8,320	-8,360	-9,149	-9,581	-9,835	-10,578
Comprehensive Income & Other	246.68	233.34	100.06	286.84	-166.77	418.1
Total Common Equity	10,178	10,125	9,203	8,957	8,250	8,092
Minority Interest	1,690	1,327	282.84	-121.88	-59.58	2.56
Shareholders' Equity	11,868	11,452	9,486	8,835	8,191	8,094
Total Liabilities & Equity	30,372	29,989	30,988	19,664	19,428	19,595
Total Debt	2,184	2,094	3,139	4,773	4,773	5,512
Net Cash (Debt)	8,468	8,104	8,365	145.19	-1,611	-3,633
Net Cash Growth	4.44%	-3.13%	5661.74%	-	-	-
Net Cash Per Share	0.46	0.44	0.45	0.01	-0.09	-0.20
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	4,578	4,116	3,495	4,249	4,004	12,896
Book Value Per Share	0.55	0.55	0.50	0.48	0.44	0.44
Tangible Book Value	10,107	10,050	9,146	8,905	8,205	8,075
Tangible Book Value Per Share	0.54	0.54	0.49	0.48	0.44	0.44
Land	1,104	1,104	1,104	1,104	1,104	-
Buildings	7,025	7,025	7,025	7,025	7,025	-
Machinery	1,260	1,233	718.48	491.7	431.7	194.19

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