First HoldCo 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	Feb '26 Feb 5, 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	2,089,324	2,005,949	1,006,863	845,334	391,259	409,206
Market Cap Growth	100.37%	99.23%	19.11%	116.05%	-4.39%	59.44%
Last Close Price	47.00	47.90	27.40	22.46	10.11	10.23
PE Ratio	42.97	52.73	1.50	2.74	2.91	2.73
PS Ratio	1.39	1.34	0.58	0.93	0.74	0.82
PB Ratio	0.65	0.63	0.36	0.48	0.39	0.47
P/FCF Ratio	-	-	0.53	-	-	-
P/OCF Ratio	-	-	0.50	-	-	-
Debt / Equity Ratio	0.53	0.53	0.65	0.81	0.73	0.50
Debt / FCF Ratio	-	-	0.96	-	-	-
Return on Equity (ROE)	1.76%	1.76%	29.21%	22.49%	14.54%	18.38%
Return on Assets (ROA)	0.20%	0.20%	3.05%	2.24%	1.40%	1.82%
Earnings Yield	1.82%	1.90%	66.62%	36.46%	34.35%	36.59%
FCF Yield	-55.56%	-57.87%	188.84%	-289.38%	-223.85%	-123.89%
Dividend Yield	1.28%	-	2.19%	1.78%	4.94%	3.42%
Payout Ratio	66.05%	66.05%	2.14%	5.82%	9.35%	10.79%
Buyback Yield / Dilution	-16.69%	-16.69%	-	-	-	-
Total Shareholder Return	-15.41%	-16.69%	2.19%	1.78%	4.94%	3.42%

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