Custodian Investment Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	411,731	252,920	100,580	52,937	34,997	46,467
Market Cap Growth	251.76%	151.46%	90.00%	51.26%	-24.68%	35.04%
Enterprise Value	452,960	208,736	69,566	41,697	26,473	44,943
PE Ratio	6.25	3.84	1.92	2.78	4.18	4.36
PS Ratio	1.85	1.14	0.61	0.59	0.47	1.04
PB Ratio	1.86	1.15	0.75	0.65	0.54	0.72
P/FCF Ratio	0.88	0.54	1.89	1.20	2.00	-
P/OCF Ratio	0.86	0.53	1.85	1.18	1.88	-
EV/Sales Ratio	2.04	0.94	0.42	0.46	0.36	1.00
EV/EBITDA Ratio	6.59	3.13	1.85	4.99	2.85	3.35
EV/EBIT Ratio	6.73	3.19	1.90	5.47	3.05	3.46
EV/FCF Ratio	0.97	0.45	1.30	0.95	1.51	-
Debt / Equity Ratio	0.81	0.81	0.03	0.03	0.03	0.04
Debt / EBITDA Ratio	2.66	2.66	0.09	0.26	0.23	0.19
Debt / FCF Ratio	0.38	0.38	0.06	0.05	0.12	-
Net Debt / Equity Ratio	0.10	0.10	-0.30	-0.28	-0.31	-0.23
Net Debt / EBITDA Ratio	0.33	0.33	-1.08	-2.74	-2.14	-1.09
Net Debt / FCF Ratio	0.05	0.05	-0.76	-0.52	-1.13	2.07
Quick Ratio	0.40	0.40	0.60	0.59	0.75	2.08
Current Ratio	0.46	0.46	0.75	0.67	0.87	2.69
Asset Turnover	0.31	0.31	0.49	0.37	0.38	0.25
Return on Equity (ROE)	37.74%	37.74%	49.58%	26.89%	13.71%	16.70%
Return on Assets (ROA)	5.72%	5.72%	6.77%	1.98%	2.74%	4.50%
Return on Invested Capital (ROIC)	20.07%	21.52%	29.24%	7.66%	10.02%	16.51%
Earnings Yield	15.99%	26.03%	51.97%	36.00%	23.92%	22.94%
FCF Yield	113.88%	185.39%	53.03%	83.08%	50.01%	-15.21%
Dividend Yield	1.79%	-	7.84%	10.30%	14.17%	8.80%
Payout Ratio	12.06%	12.06%	9.00%	21.61%	35.13%	30.35%
Total Shareholder Return	1.89%	-	7.84%	10.30%	14.17%	8.80%

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