Nigerian Breweries 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 25, 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	2,477,093	2,333,022	991,457	369,941	421,321	403,792
Market Cap Growth	134.80%	135.31%	168.00%	-12.20%	4.34%	-9.83%
Enterprise Value	2,475,664	2,425,948	1,609,579	656,938	520,436	470,683
Last Close Price	79.95	75.30	32.00	33.33	37.01	34.89
PE Ratio	25.06	23.54	-	-	31.96	31.88
Forward PE	10.91	10.87	73.57	-	14.35	20.66
PS Ratio	1.69	1.59	0.91	0.62	0.77	0.92
PB Ratio	4.42	4.16	2.14	5.85	2.34	2.35
P/TBV Ratio	5.36	5.05	2.73	-	4.88	5.21
P/FCF Ratio	23.65	22.28	-	-	-	12.54
P/OCF Ratio	10.86	10.23	19.05	-	18.70	4.41
PEG Ratio	-	2.33	2.33	2.33	2.33	2.33
EV/Sales Ratio	1.69	1.65	1.48	1.10	0.95	1.08
EV/EBITDA Ratio	8.86	8.72	13.39	7.46	5.98	6.45
EV/EBIT Ratio	12.24	12.00	24.01	15.68	10.61	12.52
EV/FCF Ratio	23.64	23.16	-	-	-	14.61
Debt / Equity Ratio	0.11	0.11	0.45	5.40	0.68	0.18
Debt / EBITDA Ratio	0.21	0.21	1.72	3.82	1.39	0.40
Debt / FCF Ratio	0.57	0.57	-	-	-	0.97
Net Debt / Equity Ratio	0.00	0.00	0.13	4.77	0.56	0.09
Net Debt / EBITDA Ratio	0.00	0.00	0.49	3.43	1.15	0.20
Net Debt / FCF Ratio	-0.01	-0.01	-0.68	-1.74	-1.33	0.46
Asset Turnover	1.33	1.33	1.12	0.85	1.00	0.94
Inventory Turnover	4.81	4.81	5.04	3.77	4.63	5.63
Quick Ratio	0.23	0.23	0.32	0.15	0.15	0.10
Current Ratio	0.69	0.69	0.68	0.39	0.38	0.44
Return on Equity (ROE)	19.35%	19.35%	-54.96%	-87.42%	7.50%	7.61%
Return on Assets (ROA)	11.47%	11.47%	4.33%	3.70%	5.55%	5.04%
Return on Invested Capital (ROIC)	20.77%	23.02%	15.10%	12.98%	15.99%	9.83%
Return on Capital Employed (ROCE)	35.20%	35.20%	13.10%	19.80%	23.10%	17.60%
Earnings Yield	4.00%	4.25%	-14.61%	-28.74%	3.13%	3.14%
FCF Yield	4.23%	4.49%	-8.63%	-46.87%	-17.88%	7.98%
Dividend Yield	-	-	-	-	3.65%	3.67%
Payout Ratio	3.00%	3.00%	-	-	57.55%	39.31%
Buyback Yield / Dilution	-158.16%	-158.16%	-44.62%	-	17.46%	-0.58%
Total Shareholder Return	-158.16%	-158.16%	-44.62%	-	21.10%	3.09%

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