FRA:9JO0 Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	4,500,616	4,401,590	2,005,936	1,596,079	905,657	711,429
Investment Securities	4,896,001	4,152,386	2,480,328	1,235,116	1,169,296	991,741
Trading Asset Securities	115,034	55,513	46,029	152,610	86,884	82,471
Total Investments	5,011,034	4,207,899	2,526,357	1,387,726	1,256,180	1,074,212
Gross Loans	3,370,057	2,920,284	2,614,625	1,972,442	1,886,409	1,743,895
Allowance for Loan Losses	-125,480	-134,532	-134,375	-86,589	-83,707	-81,065
Net Loans	3,244,577	2,785,752	2,480,250	1,885,853	1,802,702	1,662,831
Property, Plant & Equipment	418,663	330,232	224,299	197,860	203,972	175,168
Goodwill	19,283	19,293	19,161	19,116	8,690	8,688
Other Intangible Assets	80,708	61,951	13,915	10,296	10,884	11,185
Other Receivables	853,229	397,858	485,538	70,943	77,117	83,046
Restricted Cash	2,195,653	2,206,495	1,708,904	1,100,191	1,016,214	1,045,750
Other Current Assets	210,832	289,992	154,987	101,714	94,940	96,070
Long-Term Deferred Tax Assets	28,314	28,877	18,286	10,983	3,188	4,716
Other Real Estate Owned & Foreclosed	-	-	-	17.03	16.27	12,048
Other Long-Term Assets	96,490	65,768	53,621	65,678	56,475	59,510
Total Assets	16,659,399	14,795,707	9,691,255	6,446,456	5,436,035	4,944,653
Accounts Payable	248,602	170,809	102,152	48,144	22,534	38,236
Interest Bearing Deposits	4,595,062	4,219,160	3,102,595	2,141,482	1,903,222	1,635,326
Non-Interest Bearing Deposits	7,467,303	6,182,282	4,444,292	2,468,861	2,227,111	1,975,503
Total Deposits	12,062,365	10,401,442	7,546,888	4,610,343	4,130,333	3,610,829
Short-Term Borrowings	21.66	10,760	-	4,367	1,581	2,759
Current Portion of Long-Term Debt	-	294,047	50,689	96,159	102,872	50,755
Current Portion of Leases	-	441.74	219.74	250.7	608.65	1,568
Current Income Taxes Payable	145,122	186,665	41,303	35,308	22,676	21,592
Other Current Liabilities	147,332	549,910	130,496	243,558	96,604	61,479
Long-Term Debt	147,298	15,974	21,431	30,369	51,026	63,140
Long-Term Leases	27,125	20,835	11,198	3,697	5,522	6,520
Long-Term Unearned Revenue	17.21	811.68	543.25	154.02	335.52	109.3
Pension & Post-Retirement Benefits	1,303	2,137	1,241	561.31	450.22	460.35
Long-Term Deferred Tax Liabilities	111,849	103,342	59,681	12,028	12,801	24,961
Other Long-Term Liabilities	402,446	326,516	248,285	430,367	105,465	247,851
Total Liabilities	13,293,481	12,083,689	8,214,127	5,515,307	4,552,808	4,130,258
Common Stock	18,213	17,069	14,716	14,716	14,716	14,716
Additional Paid-In Capital	489,367	329,229	123,471	123,471	123,471	123,471
Retained Earnings	2,553,048	2,104,959	1,202,170	765,352	710,057	642,406
Treasury Stock	-28,413	-11,290	-8,126	-8,126	-8,126	-6,928
Comprehensive Income & Other	266,520	215,290	115,411	16,592	24,239	24,950
Total Common Equity	3,298,734	2,655,258	1,447,642	912,004	864,357	798,615
Minority Interest	67,184	56,760	29,486	19,145	18,870	15,781
Shareholders' Equity	3,365,919	2,712,018	1,477,128	931,149	883,227	814,396
Total Liabilities & Equity	16,659,399	14,795,707	9,691,255	6,446,456	5,436,035	4,944,653
Total Debt	174,444	342,057	83,537	134,843	161,609	124,741
Net Cash (Debt)	4,441,206	4,115,046	1,968,428	1,613,845	830,933	669,160
Net Cash Growth	8.75%	109.05%	21.97%	94.22%	24.18%	25.78%
Net Cash Per Share	137.48	144.92	70.25	57.59	29.64	23.83
Filing Date Shares Outstanding	32,729	29,554	28,022	28,022	27,981	29,431
Total Common Shares Outstanding	32,729	29,554	28,022	28,022	27,981	29,431
Book Value Per Share	100.79	89.84	51.66	32.55	30.89	27.13
Tangible Book Value	3,198,744	2,574,014	1,414,566	882,592	844,783	778,742
Tangible Book Value Per Share	97.73	87.09	50.48	31.50	30.19	26.46

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