Zenith 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	2,857,661	4,792,273	2,304,511	1,940,758	1,134,519
Investment Securities	9,878,062	7,516,358	5,793,629	3,730,211	2,730,538
Trading Asset Securities	43,223	322,517	559,032	62,317	78,525
Total Investments	9,921,285	7,838,875	6,352,661	3,792,528	2,809,063
Gross Loans	11,194,679	11,094,101	7,404,013	4,251,549	3,603,398
Allowance for Loan Losses	-614,914	-1,028,452	-498,977	-139,234	-156,075
Net Loans	10,579,765	10,065,649	6,905,036	4,112,315	3,447,323
Property, Plant & Equipment	478,018	400,441	295,532	230,843	200,008
Other Intangible Assets	78,821	88,196	47,018	25,251	25,001
Other Receivables	732,212	972,571	59,546	87,516	46,324
Restricted Cash	6,436,541	5,356,128	3,983,407	1,749,608	1,330,897
Other Current Assets	65,511	89,508	29,379	216,709	313,583
Long-Term Deferred Tax Assets	32,296	21,542	17,251	18,343	1,837
Other Long-Term Assets	275,941	332,342	374,114	111,758	139,288
Total Assets	31,458,051	29,957,525	20,368,455	12,285,629	9,447,843
Accounts Payable	10,712	15,130	7,412	115,431	69,849
Interest Bearing Deposits	14,543,431	12,690,925	8,292,433	4,094,869	2,941,533
Non-Interest Bearing Deposits	9,786,530	9,268,444	6,875,307	4,880,784	3,530,521
Total Deposits	24,329,961	21,959,369	15,167,740	8,975,653	6,472,054
Short-Term Borrowings	196,072	9,258	70,486	531,118	163,537
Current Portion of Long-Term Debt	683,672	1,792,101	1,065,847	392,770	629,847
Current Portion of Leases	14,478	4,785	3,515	419	3,406
Current Income Taxes Payable	95,198	256,168	33,877	64,856	16,909
Other Current Liabilities	661,942	1,106,886	775,705	285,473	298,223
Long-Term Debt	70,859	503,809	608,103	357,079	386,799
Long-Term Leases	26,329	32,281	17,385	14,571	20,696
Long-Term Unearned Revenue	26,036	7,172	2,864	2,507	1,206
Long-Term Deferred Tax Liabilities	7,492	5,502	59,310	16,654	11,603
Other Long-Term Liabilities	411,094	235,791	232,831	150,158	94,052
Total Liabilities	26,533,845	25,928,252	18,045,075	10,906,689	8,168,181
Common Stock	20,535	20,535	15,698	15,698	15,698
Additional Paid-In Capital	594,113	594,113	255,047	255,047	255,047
Retained Earnings	3,637,656	2,672,952	1,686,206	1,035,449	908,771
Comprehensive Income & Other	668,108	739,308	364,801	71,933	99,002
Total Common Equity	4,920,412	4,026,908	2,321,752	1,378,127	1,278,518
Minority Interest	3,794	2,365	1,628	813	1,144
Shareholders' Equity	4,924,206	4,029,273	2,323,380	1,378,940	1,279,662
Total Liabilities & Equity	31,458,051	29,957,525	20,368,455	12,285,629	9,447,843
Total Debt	991,410	2,342,234	1,765,336	1,295,957	1,204,285
Net Cash (Debt)	1,909,474	2,772,556	1,098,207	707,118	8,759
Net Cash Growth	-31.13%	152.46%	55.31%	7973.05%	-
Net Cash Per Share	46.49	88.23	34.98	22.52	0.28
Filing Date Shares Outstanding	41,070	41,070	31,396	31,396	31,396
Total Common Shares Outstanding	41,070	31,396	31,396	31,396	31,396
Book Value Per Share	119.81	128.26	73.95	43.89	40.72
Tangible Book Value	4,841,591	3,938,712	2,274,734	1,352,876	1,253,517
Tangible Book Value Per Share	117.89	125.45	72.45	43.09	39.93

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