Quarter 2 - financial statement for 2025

MORISON iNDUSTRIES PLC

MONTHLY FINANCIAL REPORTS

UNAUDITED FINANCIAL REPORTS

FOR SECOND QUARTF ? 2025

HEAD OFFICE:

2B/30. Morison Crecoent,

Oragun lnduwal Araa, lkeja, Lagos-Nigeria

Tel.: t*234} 0708 057 4209, 061t 808 0546.

e•rnaif: mipic@moñsonplc.ng

salea@moñsonplc.ng

POSTAL ADDRESS'

P. O. Box 2084. Marinalagos.

P.M.B. 21200, Ikeja-Lagoa.

. ' • • .. - • . ,

MORISOH IHDUSTRIES PLC * " "", "* . '

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UHAUDFFEO) "L tF -: " d 1 FOR THE PERIOD EHDED 30 JUNE 2025

Notes

JAN-JUH

2025

N'000

JAN-JUH APR-JUN APR-JUH 2024 20Z5 2024

N'000 H'o00 N'000

I '.t :buton expenses

f., c r a- ip e^‹ nses

225.731

g4.44

4

(1360a ,A34/ {9;20)

(MIVw ia7 V38,aOO)

'' *'r opr'atnx Income.

fuss frocn operations

'• t inance expenses Loss blare taxaton

Dt her comprehensive •.Eco.we.

' m that wil! not be reulass ried to profit or loss:

J7.764 b1°t >°r 20,76.6

0

19.75Ui

n• ihat well or may be rcclassifieo tu prcfit or loss:

Total ether compreh-.r slve income

Tntal comprehensfye loss.

0.OU

HzAo OFricz:

28/30, Mortaon Craé‹›ent. .

Oregun Induatria| Up, lkejé, La$osNtgeria

Tel.: (+23t) 0708 057 4200, 0011 B68 0528

s malt: miptc@mans npic.sq cafes moheonp1c.n9

/itORlSON INDUSTRIES PLC .

STATEM 3 3u c

Notes

Assets

2025 (UNAUDtTED)

JUNE 2O25

8'000

PO9TAL AODRES8:

P. O. Bax 2OB4, Mata-I-a0os. P.M.B, 21290, Ikeja-Lagos. wébalta' www.mar onplc.ng

3 UT , DECEMBER

2024

H'OO0

Non-curreri

Property, plant and equipment

Leased assetsa

Current assets

Inventories

Trade and other receivables

" Cost cash equivalents

Total assets

Ltabititle5

Current t1abftities

7 1,393,383

70.3D3

69,758

10 fi1,331

91 09

1 ,.584,475

183,473

1, 404,511

. 4 1

70,041

*8,^.06

19,659

0

, 573,11 7 _

173,723

Borrowings

Trade and other payables

tnccrne

439,342

4,710

27

Non-Curren liabilities Employees' benefit obli deferred tax iabi wee.

Total liabihti-•s

gations 13

E

Share capital flare prerr•ium Revenue reserve

Revaluation reserve

Total equ1ty

The financial Gtatern•nts

Ju|y 24, 2025 and signed on Its behalf bV• -

484.580

84,477

1.119 ,035

13,732

TITILOYE, Rchatd. Olanyl

Chairman

OLADEJO, A‹1?séji AkTnO!6

Managing gire ro^

Management Ar COMOtBDt

?/I .GN/'JOOOO0 16 3't6

HEAD OFFIGE-

28/30, Donson Crascenl.

Oregun In.du?triat Area, Ikeja, Lagos-Nigeria

Tel.: {*234) 0708 057 4200, 0011 868 0528

e-mall- mlpic@morisonplc.ng

sales@monsonplc.ng ,

POSTAL ADDRESS:

P. O. Box 2084., Marinalagos.

P.M.B. 21290, Ikeja-Lagos.

.morisonplC:ng

M'.3RlSON INDJSTRIES PLL

Reval :at'•. Q‹.venue

Total

CGOC

%Q00'

r PTHC 9ERiOD ENDED 3U-JUNE 2025

T ' nI rransac tions with equTtY OY•^ "^8 -- - -- -- " "" """

1,1

i?.'•4prehensive ncome jar the 'year/pertod

, , ,891 }

z '+l transactions w ip e9ui•-y ow-'ers --- - " "

Oregun ndustrial Araa

Tel.: (+234j 0708 057 4209, 0811 866 0M6

e-mail: mg c@rna«sonpIc

NORISOH INDUSTRIESPLC

STATEMENT OF CASH FLOW (UHAUDITED) FOR THE PERIOD EHDED 30 JUNE 2025

Next cash flaw fror• Ope ating Activ1ies

p.jd 21Z90 Aker-agos

WebBf ': WWw.rfl£iFi8OFIpl1ng

JUNE 31ST, DECE.1BER

2025 2024

N'0OO N'0OO

26,927

Net cash flow ffO :» +sting Activit'zs Net cash flow fron f'inancingActix'ties I ash and Cash equ:•'zalent for the year

C ash and cash eqr!!valent at the beginning of the yeai

C ash and cash eqr‹ivaIent at the erd of the year/period

2,108

29,035

51,031

I,76Z

‹53

2 ?96

Contiriuation sheet

MORISON INDUSTRIES PLC

FINANCIAL STAT8MENT5, 3DTH JUHE 2o25 ( UNAUDfTED) NOTES TQ THE FINANCIAL STATEJgENTS

Revenue and Profit Analysis by activities: PlJarmaceuticats

JAH- JUtJ JOE-JUN

Z025 2024

Revenue c••t of sales Gross prqfit Pexenue Cost of sales Gross profit N'000 N'000 N'000 N'00O N'00D N'000

LMP Consumers

Others/ C00tf CIS

Cost of Maker als Lhed

174,463

1 268

97,034

4.11Z

77,@g 91.2*0

47.156 i

t24,S65 115,2^

Cot file

Cost of sales includes:

/Vtaterials consumed Prouuctiun salaries end Wages Pepairs and maintenance Electncity

' pepreciacio z of property, ptant and eqwiprfend

OSI and gas Laboratory Expenses

Factory Annual Registration

7echn ca Analysis Expenses Production uniform

Office expenses

2025

N'000

f0 .16†

12.67

7,6F'5

743

6.872

3,261

141 7

2024

N'000 ° 52,57j

0.387

3,868

- ,396

841

12,t S9

110

114

ed and commtsfion

e

e

e n

er fw

N'000

4,985

3,45"

2,27J

N'000

074

J.73B

?.922

95

Cont/nuatfar sheer

7

2025

HDOO

2024

N000

Pt ofess ionat fees

bent and rates

Repairs and renewals- Offices S premises

Products RegsLration and. Licences En' ronment Development Charge Fille b PenalLies

Defef red Tax B‹isines5 Premises Seek eta‹iat expenses Secririt y expenses

Obsolete antJ damaged inventory writt.en off

Vehicle running expenses

OtfTeF operati0S Income

* This compr uses:

ead debts recovered

Sales of e epty drums and scraps

Profit on 1iposal of property, plant and equipm£'nt S inclry income

Finance frKome/ expenses Finance income

Finance expenses comprise:

*merest on bor ngs Net finance expenses

Dlrectars

I hr aggregate emoluments of the Directors were: Fees

Ot her em0luments

i Office exoenses Canteen expenses ReCruitmPnr Expenses Subsc› Options

Chrismas GTfr

deals g Entertainment N€'wspaoer b magazines P one ng h sLacionery Seal f welfare Transportation

f+ote! and Accomodation

5 1,i

1,030

3,000

j,4g^

N'060

3 403

37,764

9,750

9,75O

N'W0

),594

'Z.779

t 6S^

440

832

365

183

-. 000

000

870

c,476

.'',185

N'000

‹9,750)

i 750

'ooo

:.325

. 672

352

20

665

' 0^.9

Leasehold land and

"' ! '* 8•mputer Atosor Capitd work and WV@WWt Vehicles in progress

buildings @ulgmeni

N 0D£I N•Qqgi

T,47I,500. 61,561

575

6LI36

.8Y7

46ñ78

N'O00 $'gqQ

8.B75 •.6 f1,6}2

174›277 -

"'% 5'0.185 7.68D BO,410 50d0f 2.652 t 08s

207.33{

1.365.09d

J1, 597

30/06/202s 31/12/2024 8

!0i

)3

70.?

N'000

ables

Continuation sheet

64.45S T50,891 I 103,501 i

ssets o€her clan cost p @@@ equ/mfenLs

^*^*/'8* os.loans orrd recriro6fes.

X7,390

UORISONigpygygj

^esa

' ^ e e e e t

7.140

Adv@nCet«s‹QoHem Ump%d «voces

R Ccnabte f'om UnovQurte i#P'€ece|xabes

(!. are u

N'00?

t4'£D0

0000

HOUO h000

Balance ar rfie beginnfag of the year

4dd Jr mrs Ournd The year

ade d her a b

NOOO

"'.'." 101.16°

Total financ ial lJabilTties, 6kCtuding loans and

*orrowitlys, class reed as ion •c 0t liabilities measured at amortised cost

Rent rer e•ed in advance Advance deposit by Customers

4J9.3J

N'000

39.1 ›2

N'00J

37?,33 c

N'000

53, 9/2

H'0Ct0

OaixComissixf renti4s lndushal framing Fund Lcbse c'argc

|Jl'eco'•'f

D$cxdut, essments

lntreiobe e

Continuation sheet

*.610

3,O 7

z0.500

i lP iable

Balance at the beginning of the penod

Contr'but nns for rhe pefiod Sri.Place ar rhf• end of One period

NOUO

‹. l«9

H'O0o

97, 1M

The Company rates a aermed corcñbutory pension scheme for eligible mptnyees. Borh employer and employee cmtrlbute 10t and 8'¥ respective'y of the emplnpes' bas c. h * lii y

°ransqor r allowances Tn l|ne with the provtsi&s of the Pennies Reformer4 Ar*, 20T4 was

balance at the beginning of the year Payments n ir!nq the year

Authoclseo

Ord n.;ry snares of NB.SO each at beg nn'ng ef the yea•

Oramz s*ares or NO.50 each as a 30 June, 2024

'3°diwr snare of NO.50 each at beg'nn‹ng of the year

Or din6ry shares of HO.50 each as at 30 June, 2024

4rdino•,' snares of NO:58 each at beginning of the year Orainary shares of NO,TO each as at 30 June, Z02 I

4rdinay ha°es ef N0,50 each ac beginning of the year Or0‹n.my sf a'es of CIO.kg eacn as at 20 June. 2024

ha'ance at the beginning of the year Balance a '*ie end of 30/06/2025

Balance at the beginning of the year

r• stet fro • statemem of comprehensive income

K?0dZ20ZS ji»3 Z0Zo

N'0' ''? Fi'000

)u 0

{,O0L.uâ l,OuO.OUO

Continuation sheet

/2025

' 7 Reva uat›on raserve

Ba:nnce at the beginning of the year Revauat ion surplus - Cost

Revafua ie= surplus - Depreciation

Baianrc ar ^t''n end oF 30/@/2025

la'ance a t t ne end of 30?'06/2O25

CoDtintlation sheet

^' n ! dustries Plc

!5Su4d Share Capital 5.ubstantlaI Sha" Uwellfnkso Group Limited Rrewshades Nigeria tfmhed

88DTDSt /Lsset ManagementLimited

Titil O RlCherd Olaniyil (Otrect!

UTI Securities Limited:

Moris on !nvestmeot Limited

692,626,.531

70.0

B

M! S. Afs!ake Larval

8'ye ni Olusegun PhI1ip. flndirect - Representing rz8«son lnve

45,460 9§9

23,723,066

0

4.60S

2, gg

0.00%

L.A. Pro-Sha es United Total Su'

5R9,.161.875

I 78,'OOG,0D0 18.OOH

1O1,279,724 10.24%

9S,88!,888 $Qg

78,514,3S6 7.94'k

60,87t,500 6.15%

S7,171,8o6 s.z8x

Mr. .J0hn Adekoje

t M t. Soji Oiadejo

Tota|Djs '

Other frifluanttatsixar ho j

Tota.I Other lnfl " t

Fri figoat in Units.and Percentage

Free Float in Value

{A) Mozison lnguwies Rc with a free float -per.centage

requirements for tonpan1.es listed on'the Main Board..

* !8.22% as. at 30 June 202 S, is:gOt COWpllant with The Exchange's.free float

(B) MobIsan i*ndusttfB5 PLC With g fFee float percentage Of 18,2*@@ 64 0t 30 June 2U24, 5 flOt compliant with The Exchange's free

float

DeclaFation:

Note:

4/149,045 477%

0 o.oD'K

a o.X%

116?3J.040 1j76n