UPDC Plc (NGX:UPDC)

UPDC Plc Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	8,748	10,198	11,505	4,918	3,161	1,878
Cash & Short-Term Investments	8,748	10,198	11,505	4,918	3,161	1,878
Cash Growth	-49.21%	-11.36%	133.93%	55.56%	68.31%	-36.27%
Accounts Receivable	292.87	670.78	385.01	442.41	98.77	45.74
Other Receivables	1,951	698.64	1,007	1,615	1,817	2,620
Receivables	2,244	1,369	1,392	2,057	1,916	2,666
Inventory	1,723	3,219	8,730	3,200	5,266	6,085
Prepaid Expenses	193.28	109.07	70.19	68	29.73	33.16
Other Current Assets	3,594	5,536	194.93	60.26	93.91	8,144
Total Current Assets	16,503	20,432	21,892	10,303	10,467	18,806
Property, Plant & Equipment	8,314	8,450	8,253	8,334	8,390	49.93
Long-Term Investments	2,867	1,033	787.21	973.99	525.89	722.62
Other Intangible Assets	86.36	74.68	56.3	52.2	45.44	16.39
Other Long-Term Assets	-	0	-	-	-	-
Total Assets	27,770	29,989	30,988	19,664	19,428	19,595

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2,396	2,923	3,012	1,217	1,125	726.36
Accrued Expenses	1,118	1,126	1,808	1,149	1,203	555.09
Current Portion of Long-Term Debt	128.61	79.04	116.59	70.73	70.73	-
Current Income Taxes Payable	857.81	1,271	490.89	167.49	144.05	138.96
Current Unearned Revenue	2,982	3,976	2,479	2,374	2,802	2,267
Other Current Liabilities	4,254	6,941	10,490	1,076	1,118	2,222
Total Current Liabilities	11,737	16,315	18,396	6,054	6,463	5,910
Long-Term Debt	1,511	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	-	-	-
Total Liabilities	13,455	18,538	21,503	10,829	11,238	11,501

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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	-8,137	-8,360	-9,149	-9,581	-9,835	-10,578
Comprehensive Income & Other	2,068	233.34	100.06	286.84	-166.77	418.1
Total Common Equity	12,182	10,125	9,203	8,957	8,250	8,092
Minority Interest	2,133	1,327	282.84	-121.88	-59.58	2.56
Shareholders' Equity	14,315	11,452	9,486	8,835	8,191	8,094
Total Liabilities & Equity	27,770	29,989	30,988	19,664	19,428	19,595

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,640	2,094	3,139	4,773	4,773	5,512
Net Cash (Debt)	7,108	8,104	8,365	145.19	-1,611	-3,633
Net Cash Growth	-50.96%	-3.13%	5661.74%	-	-	-
Net Cash Per Share	0.38	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	4,766	4,116	3,495	4,249	4,004	12,896
Book Value Per Share	0.66	0.55	0.50	0.48	0.44	0.44
Tangible Book Value	12,096	10,050	9,146	8,905	8,205	8,075
Tangible Book Value Per Share	0.65	0.54	0.49	0.48	0.44	0.44
Land	1,104	1,104	1,104	1,104	1,104	-
Buildings	7,028	7,025	7,025	7,025	7,025	-
Machinery	1,294	1,233	718.48	491.7	431.7	194.19

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 5, 2026

Data Sources Report a data error