Linkage Assurance 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	Jul '26 Jul 2, 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	28,459	32,894	18,172	11,200	5,600	7,140
Market Cap Growth	26.58%	81.02%	62.25%	100.00%	-21.57%	37.31%
Enterprise Value	24,578	26,925	14,590	7,674	1,688	4,014
PE Ratio	3.28	10.52	3.27	2.12	3.21	-
PS Ratio	0.88	1.35	0.90	0.77	0.41	0.98
PB Ratio	0.54	0.71	0.42	0.34	0.24	0.28
P/OCF Ratio	-	-	-	13.35	-	-
EV/Sales Ratio	0.76	1.11	0.72	0.53	0.12	0.55
EV/EBITDA Ratio	2.18	4.99	4.80	2.44	0.95	-
EV/EBIT Ratio	2.28	5.48	5.68	2.66	1.09	-
Net Debt / Equity Ratio	-0.07	-0.09	-0.13	-0.17	-0.18	-0.14
Net Debt / EBITDA Ratio	-0.34	-0.82	-1.78	-1.75	-2.36	0.88
Net Debt / FCF Ratio	0.29	1.60	2.52	14.01	2.66	2.34
Quick Ratio	1.40	1.40	1.27	1.21	8.88	0.92
Current Ratio	1.75	1.68	1.62	1.51	12.63	1.32
Asset Turnover	0.41	0.34	0.35	0.32	0.35	0.20
Return on Equity (ROE)	17.93%	6.98%	14.63%	18.66%	7.17%	-15.50%
Return on Assets (ROA)	8.60%	4.31%	2.74%	4.00%	2.50%	-7.12%
Return on Invested Capital (ROIC)	19.17%	8.51%	6.77%	9.85%	5.94%	-16.06%
Earnings Yield	30.34%	9.50%	30.55%	47.16%	31.17%	-55.89%
FCF Yield	-46.61%	-8.41%	-11.81%	-3.51%	-28.09%	-20.84%
Dividend Yield	-	-	-	7.47%	-	-
Payout Ratio	-	-	12.61%	-	-	-
Buyback Yield / Dilution	0.63%	0.63%	-0.14%	-	-	-
Total Shareholder Return	0.63%	0.63%	-0.14%	7.47%	-	-