ZMSE:BAT Ratios and Metrics

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

Millions ZWL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 6, 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
Last Close Price	532228.25	243328.26	200681.06	12853.38	2705.65	3094.12
Net Debt / Equity Ratio	-3.98	-3.98	-0.11	-0.46	-0.38	-0.66
Net Debt / EBITDA Ratio	-0.44	-0.44	-0.11	-0.25	-0.32	-0.78
Net Debt / FCF Ratio	-0.81	-0.81	-0.36	-0.42	-4.86	-1.63
Asset Turnover	1.09	1.09	1.44	0.26	1.94	2.21
Inventory Turnover	1.50	1.50	1.86	0.22	2.37	2.15
Quick Ratio	0.55	0.55	1.05	1.98	0.69	1.44
Current Ratio	0.86	0.86	2.93	2.87	1.74	2.52
Return on Equity (ROE)	111.15%	111.15%	-38.79%	9.98%	78.99%	110.41%
Return on Assets (ROA)	37.77%	37.77%	46.63%	11.37%	65.52%	55.45%
Return on Invested Capital (ROIC)	-	204.80%	143.20%	37.71%	197.87%	249.97%
Return on Capital Employed (ROCE)	631.20%	631.20%	100.00%	184.50%	110.40%	82.80%
Dividend Yield	62.08%	-	0.03%	-	3.26%	-
Payout Ratio	38.44%	38.44%	-	2.46%	-	-
Buyback Yield / Dilution	-8.78%	0.17%	-	0.00%	-18.71%	-
Total Shareholder Return	53.30%	0.17%	0.03%	0.00%	-15.45%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.