Wema Bank PLC (NGX:WEMABANK)

Nigeria · Delayed Price · Currency is NGN

31.80

-0.20 (-0.62%)

At close: Jul 24, 2026

Wema Bank 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	Dec '25 Dec 31, 2025	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	420,614	420,614	234,215	122,429	74,484	56,607
Revenue Growth	79.58%	79.58%	91.31%	64.37%	31.58%	34.84%
Net Income	194,476	194,476	86,280	35,989	11,352	8,927
Earnings Per Share	7.13	7.13	4.83	2.80	0.88	0.69
EPS Growth	47.55%	47.55%	72.61%	216.98%	27.19%	95.01%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Cash & Investments	1,141,145	1,141,145	324,434	220,291	117,282	148,473
Total Debt	113,627	113,627	109,868	80,513	69,487	72,759
Net Cash (Debt)	1,027,519	1,027,519	214,566	139,779	47,794	75,715
Net Cash Growth	378.88%	378.88%	53.50%	192.46%	-36.88%	-25.96%
Net Cash Per Share	37.66	37.66	12.01	10.87	3.72	5.89

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	327,075	327,075	-589,186	-339,287	-36,378	-151,939
Capital Expenditures	-42,113	-42,113	-20,294	-15,437	-6,616	-3,783
Free Cash Flow	284,962	284,962	-609,481	-354,724	-42,995	-155,723
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Profit Margin	46.24%	46.24%	36.84%	29.40%	15.24%	15.77%
FCF Margin	67.75%	67.75%	-260.22%	-289.74%	-57.72%	-275.10%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 27, 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
Dividend Per Share	1.250	1.250	1.000	0.500	0.300	0.240
Dividend Per Share Growth	25.00%	25.00%	100.00%	66.67%	25.00%	100.00%
Dividend Yield	3.93%	6.36%	12.46%	10.82%	10.26%	15.85%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 27, 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	4.46	4.21	2.26	2.00	4.42	3.11
Forward PE	-	4.17	4.17	4.17	4.17	4.17
P/FCF Ratio	4.48	2.87	-	-	-	-
PS Ratio	3.03	1.95	0.83	0.59	0.67	0.49