Veritas Kapital Assurance Plc (NGX:VERITASKAP)

Nigeria · Delayed Price · Currency is NGN

1.140

-0.020 (-1.72%)

At close: Sep 3, 2026

Veritas Kapital Assurance Financials Overview

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Revenue	10,720	11,288	12,763	7,927	5,638	5,093
Revenue Growth	-42.86%	-11.56%	61.00%	40.60%	10.71%	8.19%
Operating Income	-62.81	4,753	-5,651	-593.54	611.16	309.8
Net Income	-1,736	3,733	-1,224	2,575	540.61	505.3
Earnings Per Share	-0.13	0.27	-0.09	0.19	0.04	0.04
EPS Growth	-	-	-	376.38%	6.99%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Non-Life	2,383	7,986	-4,183	-217.74	972.73	3,166
Elimination	-51.3	-40.49	-	-	-	-
Healthcare	270.21	189.17	-	-	-	263.6
Total	2,601	8,135	-4,183	-217.74	972.73	3,430

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Net Cash (Debt)	8,614	7,971	11,193	6,557	4,400	5,882
Net Cash Growth	-37.57%	-28.78%	70.71%	49.03%	-25.20%	38.95%
Net Cash Per Share	0.62	0.57	0.81	0.47	0.32	0.42
Cash & Investments	8,614	7,971	11,193	6,557	4,400	5,882

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Cash Flow	-4,105	-2,751	-1.43	4,905	-2,481	-260.79
Capital Expenditures	-1,050	-392.29	-462.81	-157.27	-225.54	-255.1
Free Cash Flow	-5,155	-3,144	-464.24	4,748	-2,707	-515.9
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Margin	-0.59%	42.10%	-44.28%	-7.49%	10.84%	6.08%
Pretax Margin	-10.17%	36.93%	-4.92%	37.62%	13.88%	6.76%
Profit Margin	-16.20%	33.07%	-9.59%	32.49%	9.59%	9.92%
FCF Margin	-48.09%	-27.85%	-3.64%	59.89%	-48.00%	-10.13%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
PE Ratio	-	6.35	-	1.99	5.13	5.76
P/FCF Ratio	-	-	-	1.08	-	-
PS Ratio	1.50	2.10	1.48	0.65	0.49	0.57