VFD Group Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	24,477	8,374	2,980
Trading Asset Securities	10,865	-	-
Cash & Short-Term Investments	35,342	8,374	2,980
Cash Growth	322.06%	181.01%	-
Accounts Receivable	52,629	9,366	13,468
Other Receivables	-	2,864	5,062
Receivables	52,629	12,230	18,530
Inventory	-	10,997	5,241
Prepaid Expenses	-	1,643	1,374
Other Current Assets	95,889	69,557	32,234
Total Current Assets	183,860	102,799	60,359
Property, Plant & Equipment	11,661	14,691	3,193
Long-Term Investments	74,118	57,116	35,117
Goodwill	5,534	5,534	5,854
Other Intangible Assets	205.91	379.51	263.78
Long-Term Deferred Tax Assets	2,038	2,042	1,222
Other Long-Term Assets	35,853	17,183	23,777
Total Assets	328,686	219,277	151,521
Accounts Payable	1,339	8,086	1,973
Accrued Expenses	3,377	1,247	892.65
Current Portion of Long-Term Debt	-	20,875	9,028
Current Income Taxes Payable	4,136	1,772	1,626
Other Current Liabilities	145,254	92,088	52,802
Total Current Liabilities	154,106	124,068	66,321
Long-Term Debt	110,561	60,725	47,700
Long-Term Deferred Tax Liabilities	2,034	1,954	1,713
Other Long-Term Liabilities	0	0	3,186
Total Liabilities	266,702	186,747	118,921
Common Stock	633.43	95.01	95.01
Additional Paid-In Capital	19,217	7,880	7,880
Retained Earnings	12,775	5,190	11,148
Comprehensive Income & Other	13,305	7,434	6,690
Total Common Equity	45,930	20,599	25,813
Minority Interest	16,054	11,931	6,787
Shareholders' Equity	61,984	32,531	32,600
Total Liabilities & Equity	328,686	219,277	151,521
Total Debt	110,561	81,600	56,728
Net Cash (Debt)	-75,219	-73,226	-53,748
Net Cash Per Share	-9.90	-12.84	-9.43
Filing Date Shares Outstanding	7,601	5,701	5,701
Total Common Shares Outstanding	7,601	5,701	5,701
Working Capital	29,754	-21,269	-5,962
Book Value Per Share	6.04	3.61	4.53
Tangible Book Value	40,191	14,686	19,694
Tangible Book Value Per Share	5.29	2.58	3.45
Land	-	1,232	1,435
Machinery	-	5,886	2,147
Construction In Progress	-	71.28	-
Leasehold Improvements	-	6,665	65.54

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