NGX:UPDCREIT 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
Property, Plant & Equipment	28,250	27,587	25,753	23,135	21,575
Cash & Equivalents	5,778	5,693	3,671	1,977	2,502
Accounts Receivable	28.71	16.75	1.62	26.47	12.32
Other Current Assets	37.04	52.5	33.98	28.36	20.8
Trading Asset Securities	84.25	76.33	92.81	1,605	1,711
Total Assets	34,178	33,426	29,552	26,773	25,821
Long-Term Leases	46.47	41.36	37.79	17.21	14.68
Accrued Expenses	112.77	147.76	124.78	102.62	127.57
Current Unearned Revenue	550.64	587.55	316.31	482.19	165.65
Other Current Liabilities	9.05	4.84	5.81	10.29	508.51
Long-Term Unearned Revenue	115.83	115.83	115.83	37.95	75.8
Total Liabilities	834.77	897.34	600.51	650.26	892.21
Common Stock	26,683	26,683	26,683	26,683	26,683
Retained Earnings	6,661	5,846	2,269	-560.16	-1,754
Shareholders' Equity	33,344	32,529	28,952	26,123	24,929
Total Liabilities & Equity	34,178	33,426	29,552	26,773	25,821
Total Debt	46.47	41.36	37.79	17.21	14.68
Net Cash (Debt)	5,816	5,728	3,726	3,566	4,198
Net Cash (Debt) Growth	1.52%	53.73%	4.51%	-15.06%	-18.34%
Net Cash Per Share	2.18	2.15	1.40	1.34	1.57
Filing Date Shares Outstanding	2,668	2,668	2,668	2,668	2,668
Total Common Shares Outstanding	2,668	2,668	2,668	2,668	2,668
Book Value Per Share	12.50	12.19	10.85	9.79	9.34
Tangible Book Value	33,344	32,529	28,952	26,123	24,929
Tangible Book Value Per Share	12.50	12.19	10.85	9.79	9.34

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