Quarter 1 - financial statement for 2025

     STATEMENT O/_P_@      

OR LOS8 AND OTHER,

COMPREHENSIVE INCOME. FOR THE PERIOD EUDkD 31ST MARCH_ 2028.

Mar-26

Dec-M

SYSTEM REVENUE

708 084 867

2 902 588 052

TANTALIZERS NET REVENU,E

314,704,385

1,108,497,881

Cost of sales

(207,704,884)

(773,3M,588)

Gross Profit for the year

106,868,491

425,183,115

Other Income

42,934,6g0

123,289,785

Distribution coBtg

4,882,678

(3,147,414)

Write-Backs

5,936,007

80,615,451

Administrative Expenses

(189,133,040)

(825,852,587}

Operating Profit/ Loss

(28,400,802)

(189@31,650}

Net Finance Costs

8,345,952

(69,661,692)

Profit/Loss before Tax

(20,054,851)

(259,593,342)

NOTE

Mar-25

Dec-24

NON CURRENT ASSETS

Property, Plant and Equipment

1,7Z6,234,551

1,742,739,019

Long Term Receivables

924 0

82 5

1.804,626,871

1,831,024.564

CURRENT ASSETS

Inventories

7

72,434,22B

6T,833,36O

Trade and other receivables

8

199,971,554

203,717,go

Short Term deposit

635,923,036

614,133,209

Cash and Bank equivalents

9

6 0 86

236,887,280

163 676

1 122 571 457

TOTAL ASSETS

7 636

6

955 9 0 1

EOUITY & LIABILITIES

EQUITY

Share Capital

13

2,5O0,0O0,OOO

2,500,000,000

Share Premium

14

2,249,914,808

2,249,014,606

Revaluation reserve

938,335,517

938,335,517

Revenue Reserve

15

   (4,538,229,814) 

   (4,518,174,939) 

     1,150,020,312  

170 07 1

NON CURRENT LIABILITIES

Provisions and deferred income

55,670,033

11,499,880

Borrowinge

Term loans

12

282,652,984

264,873,396

8 323 017

     276,373,276  

CURRENT LIABILITIES

Trade and other payables

10

1,024,565,781

1,058,151,576

Provisions and deferred income

Borrowings

11

393,338,602

337,607,052

Overdrafts

Term loans

34,091,714

34,091,714

Finance leases

Taxation

6

7 B7 218

7 297 2 9

1,s2e,2 3,317

1,507,147,561

TOTAL EQUITY B LIABILITIES

7 636 64

2 953 596.021

CASH FLOW FROM OPERATING ACTIVITIE9:

Mar-26

Dec-24

Cash received from customers

371,278,228

1,338,403,218

Cash paid to suppliers and employees

(325,157,838)

(912,583, 055)

Tax paid

(53,254,393)

Net cash (used In)/generated from operating activities

       46 120 562  

372 565 770

CASH FLOW FROM INVESTING ACTIVITIES:

Interest Received

21,789,837

50,497,102

Short Term Deposit

(594,158,209)

Purchase of property, plant and equipment

(4,452,550)

(2,473,413)

Proceeds from disposal of Property, plant and equipment

Net ca9h used in Investing actlvlties

17,337,207

   (546,134,520)  

CASHFLOW FROM FINANCING ACTIVITIES:

Repayments of borrowings

(32,220,412)

(87,464,685)

Increase in Share premium

178,837,209

Equity Injection

894,186,047

Interest paid

     (13,443,885) 

   (120,158,794)  

Net cash provided by financing actlvltles

     (45,664,297)  

865,3g9,777

NET INCREASE/(DECREASE) IN CASH & CASH EQUIVALENTS

17,793,581

212,965,978

Cash & Cash Equivalents at beginning of the year

236 887,280

3 921 0

(ii) Per Gtgtement of Flnenclsl Position As at the beginning of the year

77,297,210

22.301,593

124,5S9,124

Tax charge

Payment During the year

77.2B7,21g

5,992 468 130,551,g12

WHT C edit Hotee Utilised during the Year

  77,297,219  

   (53 254 393}  

   77,29Y,21e  

INVENTORIE9 

Dec-24

Raw Matehals & Finished Products

52,672, 13

Printing & Stationery

1,884,489

Engineeong, kitchen & Staff uniform/Marketing soree

3,575,258

Packaging Materials

0

Gift cards

4,238,400

work-in-Progress

0

Merketing Stores

4,605,561

Cleaning Mafertels

57,105

Gas 8 D›ese!

       800,B44 

67 833 770

TRADE AND OTHER RECElVABLEg

NON - CURRENT

Rent prepaid

78,392.420

88,285,545

Th)g consist of rents paid in advance on outlets that would fast more than 12 months.

CURRENT

Trade Receivables

78,345,805

B0,107,695

Rent prepaid

11,4P4,872

11,4P4,672

Non Trade Receiveabtes

0

0

Amortization

87,004,293

g7.889.985

Others

0

0

Witholding Tax Recelveab!e

25,384,893

27,617,553

Slaff Debtors

—2,258,409 

       6,607,506  

199,971,554 

     203,717,611 

CA9MANDCA9MEOUIVALENT9

Mar-26

Dec-24

Caeh Balances

7,023,9Bt

4,373.614

Bank Balances

247,6s6,B77 

232,513,666

Cash & Cash equivalents

2W 80,8B0

236,887,280

Bank Overdrafts

         0

Caeh and caah equivalents In cashflow statement

264,680 860  

     236,bS7,2g0  

Mar-25

Dec-24

Bank Overdrafts

-

0

Current Secured Loans

0

Eco-Bank plc Restructured Loan due year 2022

34,091,714

34,091,714

34,091,714

34,091,714

13 SHARE CAPITAL

Mar-25

N

Dec-24

N

1. Authorised:

5,000,000,000 Ordinary Shares of 50k each

2,500,000,000 

  2,500,000,000 

2. Issued and fully paid:

N

N

3,211,627,906 Ordinary Shares of 50k each

2,500,000,000 

  1,605,813,953 

14 SHARE PREMIUM

15 REVENUE RESERVE

Mar-25

N

Dec-24

N

At 1st January 2025

(4,518,174,963)

(4,252,589,110)

Profit/Loss for the year

(20,054,851) 

(265,585,853)

Balance Transferred to Balance Sheet

(4,538,229,814) 

(4,518,174,963)