Zenith Bank Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 18, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	3,437,545	1,428,540	1,213,474	753,516	789,622	778,633
Market Cap Growth	98.66%	17.72%	61.04%	-4.57%	1.41%	33.33%
Last Close Price	83.70	41.09	30.61	16.55	15.31	13.29
PE Ratio	3.34	1.38	1.79	3.36	3.23	3.38
PS Ratio	1.56	0.65	0.96	1.21	1.39	1.52
PB Ratio	0.73	0.36	0.52	0.55	0.62	0.70
Debt / Equity Ratio	0.19	0.58	0.76	0.94	0.94	1.19
Net Debt / Equity Ratio	-1.10	-0.69	-0.47	-0.51	-0.01	0.03
Net Debt / FCF Ratio	0.98	0.45	0.29	0.57	0.01	-0.04
Return on Equity (ROE)	23.54%	32.52%	36.57%	16.84%	20.40%	22.39%
Return on Assets (ROA)	3.15%	4.11%	4.15%	2.06%	2.73%	3.11%
Earnings Yield	28.21%	72.29%	55.75%	29.73%	30.95%	29.59%
FCF Yield	-154.47%	-433.66%	-312.76%	-165.94%	-93.57%	-100.67%
Dividend Yield	6.27%	12.17%	13.07%	19.34%	20.25%	22.58%
Payout Ratio	16.94%	13.68%	15.78%	43.46%	38.55%	38.16%
Buyback Yield / Dilution	-23.20%	-0.09%	-	-	-	-
Total Shareholder Return	-16.68%	12.08%	13.07%	19.34%	20.25%	22.58%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.