Quarter 1 - financial statement for 2026

Nigerian Enamelware Plc.

RC 2192

Unaudited Financial Statements

t'eitift The I»’.

For the period ended 31 st July 2025

2025/2026 FIRST QUARTER FINANCIAL REPORTS CERTIFICATION UNDER SECTION 60(2) OF THE INVESTMENT AND SECURITY ACT(ISA) 2007

We hereby certi/ that :

1. The Directors bave reviewed the report;

2. To the best of our knowledge , the report does not contain:

   1. Any untrue statement of a material fact, or

   2. Omit to state a material fact, which would make the statement,misleading in the light of the circumstances under which such a statement was made;

3. Based on our knowledge, the financial statements and other financial information included in the report fairly present in all material respects the financial condition and results of operations ot‘the Company as of, and for the periods presented

   in the report.

4. The Directors:

   1. Are responsible for establishing and maintaining internal controls.

   2. Have designed such internal controls to ensure that material information relating to the Company and its consolidated subsidiaries are made known to our officers by order within those entities particularly during the

      period in which the periodic reports are being prepared;

   3. Have evaluated the efkctiveness of the Company's internal controls as of date within 90 days prior to the report;

   4. Have presented in the report our conclusions about the effectiveness of the internal controls based on our evaluation as of that date;

5. The Directors have at the given opportunity to the Auditors of the Company and Audit Committee:

   1. All significant deficiencies in the design of operation of internal controls which would adversely affect the Company's ability to record, process, summarize and report financial data and have identified for the Company's Auditors any material weakness in internal controls, and

   2. Any fraud, whether or not material, that involves management or other employees who have significant role in the Company's internal controls;

The Directors have identified in the report whether or not there were significant changes in internal controls or other factors that could significantly affect internal controls subsequent to the date of evaluation, including any

corrective actions with regard to significant deficiencies and material weaknesses.

CERTIFIED BY

wo Alli

Managing Director Nigerian Enamelware Plc

FRC/2022/PRO/NIM/002/00000024090

Lawrence I. Iseh Finance Manager

Nigerian Enamelware Plc FRC/2018/PRO/DIR/003/00000018191

Nigerian Enamelware PLC

RC 2192

UNAUDITED INTERIM STATEMENT OF COMPREHENSIVE INCOME

FOR THE 3 MONTHS ENDED 31ST JULY, 2025

Nigerian Enamelware PLC

RC' 2192

STATEMENT OF FIN ANCIAL POSITION

AS AT 3t ST JLILY 2025

Unauditod IFRS   01ftI5f2025

     IFRS         IFRS      

0lffi5f2024

To

   31/07/2025    

To

   31/07f2024    

3 montbs

To

  30704fl025  

12 moniWe

To

   30/04/21114    

12 months

The financial statements were approved by t6e Board on 26th August 2025

Nigerian Enamelware PLC RC2l92

STA TEME NT OF CHANGE £N EOUITY

FOR PERIOD ENDED 31ST JULY 2025

FOR PEItIOD ENDED 3T¥t 3uty 2025

TOTAL2QUITY

Balance er }st May 2025

Addition in thc year - Unclaimcd div. while back ProGl for be period

Revaluaton Surplus Balance al 31si J ulj 2025

FOR PER DOD EN LED 31st July 202fl

N'000

       38,016  

6 j,086

         6 .086  

N'000

(827,874j

(80.516)

       (908.390)  

N'000

(728,772)

0

(80,5 i6)

       (809,288)  

ISSUED SHA RE Ther Reset•ves

CAPNAE

N'00O

N’000

TOTALEQUITY

N'000

Balance et Est day 2024

Addition in lhc year - Unclaimcd dix. wr ie back Loss for the year

Baloace at 3ts* July 2024

38,01 6

       38,016  

38,340

22,746

       6 I,086  

{843,352}

107,885

       (735,467) 

(766,996)

22,746

1£J7,885

       (636,365) 

Nigerian E nauelware Pt.C RC 2192

STATE.RENT Or casii rI.OWS AS AT 3IST JULY 2025

Unsuditcd IFRS

     IfRS    

IFRS

Nigerian Enamelware PLC

I . I Legal form

N1geri an Ename I»ere Plc i as i ncorporated in Nigeria on 31 May 1960 as a 1imiled 1tabil ity company. It \enj publ ie en 28 December 1938 in compliance s-ith the Indi gcnisati on Decree cF ] 977 nnd was for'in ted a list inr, un ihe N i/cria block E:schan we. TI adopted its pre.se ijl naile cf Tiger ian EnameT*’are F ie on 6 .lune ]OP I in cumpl iance •’ilh C om panics and AI] icJ ay hers ccl. Ca P t*fi, I.I'M ? 004.

NiSeri an Ena incl w are PIc is engaped in ihe men ut'ac1uri rig a nd niarkct inp of enanacl ward. plasiie

9J'0d tic1s. ya I a ni zed bt19keIs Raw materi n1s eerie isI irig o( steel TO1.1s. c be yr ie a1s, ename1 gnd MOh ld5

arc rabta ine‹j from both 1ocal and overseas suppl ters.

TI RNOS"ER

Turnover represents the total amount invoiced to customers for goods supplied and services rendered afier deducting trade discount and commissions.

Lnamel'^“arc prud tilts en th her Income:

l'rofi i on safe af Aeel s

ficr8p sales

Unatidiled IFRS    3mths

01/05/2025

To

     3l/07f2025      

JG,{› 10

         IFRS        

Smtfis

0 I/05/2024

To

       3I/07/2024      

       ees      

l2mths

01/05f2024

To

       0/04/202$      

1.1.4.056

         IFRS        

I2mms 0 i/05f2023

To

     30/04/2024      

6.77

Pres:ision nu longer reguired'’l nterest income

1.545. } 49

             667  

727,79 I

PROD'GT BES'ORF TA xATTO?

s arri red at sfer cfiarginy

Irite restm simi lar c hargt s

9.458

               0 

35,044

               0  

                          0  0   

Station is pro*fided on tsxabTe profi I at current row (est innate )

9,458

33.044

NOTES TO THE NCUOUNTS

5 FH ED AfiSETS

Summary

Property, plant and equipment

Plant and

N’040

BAB.320

Furniture & Motor Vehicles N’000

I, l69

830, I ñ6

TransFor

Disposds

Ai 3 I ST JULY 302S

At 30 April 202a

93 I, T26

I0,333

I.522

667

1, 169

I. I é9

10.233

Etima+aion dlspscd

Ai 3 I JULY ] 2025 G§7

855

284,4 I I  

2 Leasehold Land and Building.

The Companys Ls8Sehold Land and Building was disposed ofT in ycaz 2023 to raise working caqitBl

RC 2192

FOR TEEE PE@OD E.woED 3t B'

NOTES TOTWEACCOCNTS

STOCKS

Raw’ material s Work-in-prceress Finished #ouds

Mech inery spere parts

Provision for obsolete stocks

TRADE DEBTORS/OTBERS

Trade mccivable - third parties

Receivables -related parties

l 2,817

3.793,992

6.743

3,696,662

1Z,817

3,792,134

15,885

3,817,72 I

Provision for Doubtful debts

       (2,GGg.044)          (2.668,044)          (2.668,044)          t2.668,0441 

Staff debtors

1, j 38,765

1.320

1.045,36 1

2,055

,136.907

580

I ,165,562

1,540

Other receivables

       62.122  

       I I 9,07d  

62.122   

     1 202. i07  

       I .166.49 I  

     l. l99.609  

     1,167.102  

9 CREDTTOPS .ID .A?CRL A

Trade and other payables

Other liabilities

3,216,990

3.041.991

10 enovision Fon ^x^Tion Ai inc begnning of me period / year Charge for the period year

Payment during period year

0 (2,613}

868.459

17,58 I

{2,613)

863.282

(36,89 I )

Capital Gain Tax

         248,357  248,357  

1.131,784  I, t l4.203  i, i i6,816  

80,052

88.176

88.176

97,200

Deferred tax Besets

0                          0   (9,024)  

                    80,052   

88.176

Ntgertaq Eoazs*Aezz BE RC 2t 92

UNAUDITED FINANCIAL STATES ENT

FOR THE PERIOD ORDER 3IST fILY 2028

76.032.000 ordinary shares of 50k mch

2 Issued and few paid

76,0H.000 ordinary shares ct 50k eech

38,01 G

14 BOLD COMPANY

The holding company 1-Feog Limited incorporated in Hong Kong and holds 60% of the companys equity.

The company' provides e guarantee scheme for the benefit of its regular employees. These benefits are based

on the employees' years oF serv cc and the terminal salary. The cnntributien ef the employer and the employee

to tfje retirment benefits scheme as required by The Pension RcFonn Act 2004 ir I1).00% and 8.00"A of respectively.

Finencusl Co noitmcnu

The Directors are of the opinion that all known liabdihes ind commitments wfiich ere relevant in assessing the

The company's ovcrdmfi md ecccqtancc facilities inclusive of docuzaemary credits are secumd by a negative

e M ei

pledge.

NIG ERIA ENAMELWARE PLC

I N›tI. DITE D FINANCIAL STA TEMENTs Fon Tae PERION ENDED 3IST JULY 2025

INSIDER TRADING AND PRICE SENSITIVITY INFORMATION

The Company is clear in its prohibition of insider trading by its Board, Management, Officers and related persons who are privy to confidential price sensitivity information. Such persons are further prohibited from trading in the Company's Securities where such transactions would amount to insider trading.

Dircctors. insiders and related parties are prohibited from disposing, selling, buying or transferring their shares in the Company for a period commencing from the date of re-CCI I Of sUCh insider information until such a period when the information is released to hue public ol‘ any other period as defined by the Company from time to time.

Finance Man ag er

YEAR ENDED R5f•ORTlNG PERIOD

SHARE gRJCE IT END OF REPORTING PERIOD

30tN APRIL

IST QUARTER ENDED 3 I ST JULY, 2025 N27.00 (2024 N19U0)

Issued Sharc Ca ital

substantial Sbaiet›oidlripi tsx end sbovc}

Descri tion

3l•Jul-25

Unit Percen Unit

76,032,000 100%

31-Jul-24

76,032,000 100%

I-FENG COMPANY LIMITED

Totai Substantial 5harcholdin

45,6 I9,200 60.00% 45,6 I9,200 60.00%

45619,200. 60. ñ6t -

declaration:

F inencc Manager