Veritas Kapital 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	Feb '26 Feb 11, 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	33,003	23,712	18,859	5,131	2,773	2,912
Market Cap Growth	58.67%	25.74%	267.57%	85.00%	-4.76%	5.00%
Enterprise Value	25,891	17,057	10,853	2,055	-955	-961
PE Ratio	5.35	3.84	-	1.99	5.13	5.76
PS Ratio	1.95	1.40	1.48	0.65	0.49	0.57
PB Ratio	1.52	1.09	1.21	0.31	0.22	0.27
P/FCF Ratio	-	-	2.24	1.08	-	-
P/OCF Ratio	-	-	2.12	1.05	-	-
EV/Sales Ratio	1.53	1.00	0.85	0.26	-	-
EV/EBITDA Ratio	3.43	2.26	-	-	-	-
EV/EBIT Ratio	3.56	2.34	-	-	-	-
EV/FCF Ratio	-4.60	-	1.29	0.43	-	-
Quick Ratio	0.78	0.78	0.66	1.09	1.23	1.16
Current Ratio	1.29	1.29	0.97	1.36	1.56	1.44
Asset Turnover	0.44	0.44	0.41	0.38	0.33	0.33
Return on Equity (ROE)	34.65%	34.65%	-4.92%	19.08%	6.13%	5.62%
Return on Assets (ROA)	11.88%	11.88%	-11.34%	-1.77%	2.26%	1.26%
Return on Invested Capital (ROIC)	34.48%	38.06%	-35.33%	-3.80%	4.78%	3.05%
Earnings Yield	18.69%	26.01%	-5.35%	50.20%	19.49%	17.35%
FCF Yield	-17.07%	-23.76%	44.65%	92.54%	-97.60%	-17.72%
Payout Ratio	-	-	-	7.03%	-	-

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