Royal Exchange Ratios and Metrics

Market cap in millions NGN. Fiscal year is October - September.

Millions NGN. Fiscal year is Oct - Sep.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Dec '25 Dec 22, 2025	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	2016 - 2020
Market Capitalization	16,037	16,947	8,267	3,242	5,454	4,528	Upgrade
Market Cap Growth	207.94%	105.00%	155.02%	-40.57%	20.46%	255.75%	Upgrade
Enterprise Value	16,628	17,214	9,118	4,523	7,126	3,903	Upgrade
PE Ratio	5.40	11.41	8.22	-	-	-	Upgrade
PS Ratio	7.93	8.38	4.64	3.25	9.57	11.96	Upgrade
PB Ratio	2.10	2.22	1.32	0.86	2.59	2.25	Upgrade
P/FCF Ratio	-	-	-	-	4.76	-	Upgrade
P/OCF Ratio	-	-	-	-	4.72	-	Upgrade
EV/Sales Ratio	8.22	8.52	5.12	4.53	12.51	10.31	Upgrade
EV/EBITDA Ratio	10.04	10.40	7.58	63.04	39.90	14.66	Upgrade
EV/EBIT Ratio	10.06	10.41	7.62	69.28	41.41	14.83	Upgrade
EV/FCF Ratio	-21.81	-	-	-	6.22	-	Upgrade
Debt / Equity Ratio	0.23	0.23	0.18	0.48	0.26	1.20	Upgrade
Debt / EBITDA Ratio	1.07	1.07	0.93	25.58	3.05	8.94	Upgrade
Debt / FCF Ratio	-	-	-	-	0.48	-	Upgrade
Quick Ratio	4.50	4.50	1.95	0.51	0.38	0.07	Upgrade
Current Ratio	9.65	9.65	3.76	2.04	1.04	0.79	Upgrade
Asset Turnover	-	-	0.21	0.13	0.05	0.02	Upgrade
Return on Equity (ROE)	-	-	20.02%	-7.00%	-7.32%	0.25%	Upgrade
Return on Assets (ROA)	-	-	8.66%	0.52%	0.98%	0.71%	Upgrade
Return on Capital (ROIC)	-	-	11.51%	0.99%	3.04%	2.33%	Upgrade
Earnings Yield	9.27%	8.77%	12.17%	-6.36%	-5.30%	-37.48%	Upgrade
FCF Yield	-4.75%	-4.50%	-4.68%	-35.79%	20.99%	-169.81%	Upgrade
Payout Ratio	5.36%	5.36%	7.92%	-	-	-	Upgrade
Buyback Yield / Dilution	45.64%	46.58%	-50.38%	-	-	-	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.