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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 21, 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	5,215,868	2,538,115	1,428,540	1,213,474	753,516	789,622
Market Cap Growth	165.69%	77.67%	17.72%	61.04%	-4.57%	1.41%
Last Close Price	127.00	61.80	41.09	30.61	16.55	15.31
PE Ratio	5.02	2.44	1.38	1.79	3.36	3.23
PS Ratio	2.25	1.09	0.65	0.96	1.21	1.39
PB Ratio	1.06	0.52	0.36	0.52	0.55	0.62
P/OCF Ratio	72.48	35.27	-	-	-	-
Debt / Equity Ratio	0.20	0.20	0.58	0.76	0.94	0.94
Net Debt / Equity Ratio	-0.39	-0.39	-0.69	-0.47	-0.51	-0.01
Net Debt / FCF Ratio	67.60	67.60	0.46	0.29	0.57	0.01
Return on Equity (ROE)	23.24%	23.24%	32.52%	36.57%	16.84%	20.40%
Return on Assets (ROA)	3.39%	3.39%	4.11%	4.15%	2.06%	2.73%
Earnings Yield	19.93%	40.97%	72.29%	55.75%	29.73%	30.95%
FCF Yield	-0.54%	-1.11%	-426.18%	-312.76%	-165.94%	-93.57%
Dividend Yield	7.87%	16.18%	12.17%	13.07%	19.34%	20.25%
Payout Ratio	20.74%	20.74%	13.68%	15.78%	43.46%	38.55%
Buyback Yield / Dilution	-30.70%	-30.70%	-0.09%	-	-	-
Total Shareholder Return	-22.84%	-14.52%	12.08%	13.07%	19.34%	20.25%

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