Wema Bank Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 & Equivalents	934,817	278,925	220,234	96,295	109,727
Investment Securities	1,148,613	856,740	630,211	333,382	136,344
Trading Asset Securities	196,599	45,456	4.67	20,934	38,694
Total Investments	1,345,211	902,196	630,216	354,315	175,037
Gross Loans	1,800,787	1,237,023	825,607	539,372	435,552
Allowance for Loan Losses	-54,693	-35,814	-24,503	-17,941	-16,688
Net Loans	1,746,094	1,201,209	801,103	521,431	418,864
Property, Plant & Equipment	80,901	49,492	37,018	26,447	23,270
Other Intangible Assets	3,562	4,098	2,989	2,860	2,171
Other Receivables	2,054	3,356	5,801	1,416	14,059
Restricted Cash	917,977	838,595	503,321	386,993	313,847
Other Current Assets	6,222	6,417	4,142	2,215	1,407
Long-Term Deferred Tax Assets	472.08	472.08	7,105	12,983	15,501
Other Long-Term Assets	21,340	308,467	36,312	36,909	101,608
Total Assets	5,058,650	3,593,228	2,248,240	1,441,865	1,175,490
Accounts Payable	11,070	5,334	4,535	552.35	1,088
Accrued Expenses	81.78	67.53	46.22	230.8	99.4
Interest Bearing Deposits	2,195,568	1,880,886	974,354	843,233	725,632
Non-Interest Bearing Deposits	1,087,846	901,430	907,083	341,854	242,539
Total Deposits	3,283,414	2,782,315	1,881,437	1,185,088	968,171
Current Portion of Long-Term Debt	-	-	-	-	28,453
Current Income Taxes Payable	28,879	9,604	1,797	1,062	716.12
Other Current Liabilities	687,473	324,210	43,232	52,362	21,615
Long-Term Debt	112,913	109,868	80,467	69,456	44,279
Long-Term Leases	-	-	45.95	31.58	26.88
Other Long-Term Liabilities	313,124	105,408	97,382	50,540	40,895
Total Liabilities	4,436,955	3,336,807	2,108,941	1,359,322	1,105,344
Common Stock	20,059	10,715	6,429	6,429	19,287
Additional Paid-In Capital	261,601	77,431	29,698	8,698	8,698
Retained Earnings	325,094	153,335	89,709	57,577	36,453
Comprehensive Income & Other	14,940	14,940	13,463	9,838	5,708
Shareholders' Equity	621,695	256,421	139,299	82,543	70,147
Total Liabilities & Equity	5,058,650	3,593,228	2,248,240	1,441,865	1,175,490
Total Debt	112,913	109,868	80,513	69,487	72,759
Net Cash (Debt)	1,022,228	214,566	139,779	47,794	75,715
Net Cash Growth	376.42%	53.50%	192.46%	-36.88%	-25.96%
Net Cash Per Share	37.47	12.01	10.87	3.72	5.89
Filing Date Shares Outstanding	40,119	21,430	12,858	12,858	12,858
Total Common Shares Outstanding	40,119	21,430	12,858	12,858	12,858
Book Value Per Share	15.50	11.97	10.83	6.42	5.46
Tangible Book Value	618,134	252,323	136,310	79,683	67,976
Tangible Book Value Per Share	15.41	11.77	10.60	6.20	5.29

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