Sovereign Trust Insurance 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	2020 - 2016
Period Ending	Mar '26 Mar 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	2020 - 2016
Market Capitalization	35,570	54,351	15,936	4,773	3,182	3,409	Upgrade
Market Cap Growth	115.52%	241.07%	233.86%	50.00%	-6.67%	50.00%	Upgrade
Enterprise Value	29,071	54,204	12,892	1,200	-275	114	Upgrade
PE Ratio	41.67	68.05	6.81	3.68	2.30	3.50	Upgrade
PS Ratio	0.77	1.17	0.39	0.24	0.20	0.40	Upgrade
PB Ratio	2.21	3.38	1.01	0.35	0.31	0.36	Upgrade
P/FCF Ratio	34.53	52.77	7.10	12.70	2.18	2.04	Upgrade
P/OCF Ratio	29.96	45.78	5.60	8.30	2.05	1.98	Upgrade
EV/Sales Ratio	0.63	1.17	0.31	0.06	-	0.01	Upgrade
EV/EBITDA Ratio	25.59	47.72	3.51	0.76	-	0.09	Upgrade
EV/EBIT Ratio	28.36	52.88	3.77	0.82	-	0.10	Upgrade
EV/FCF Ratio	28.22	52.62	5.74	3.19	-	0.07	Upgrade
Debt / Equity Ratio	0.33	0.33	0.33	0.27	0.20	0.18	Upgrade
Debt / EBITDA Ratio	4.71	4.71	1.37	2.24	1.20	1.30	Upgrade
Debt / FCF Ratio	5.20	5.20	2.32	9.80	1.44	1.04	Upgrade
Net Debt / Equity Ratio	-0.41	-0.41	-0.50	-0.54	-0.63	-0.65	Upgrade
Net Debt / EBITDA Ratio	-5.84	-5.84	-2.17	-4.61	-3.81	-4.74	Upgrade
Net Debt / FCF Ratio	-6.44	-6.44	-3.54	-19.44	-4.51	-3.75	Upgrade
Quick Ratio	45.49	45.49	2.47	2.72	2.33	1.50	Upgrade
Current Ratio	58.47	58.47	2.92	3.29	2.95	1.90	Upgrade
Asset Turnover	1.61	1.61	1.61	1.00	0.95	0.55	Upgrade
Return on Equity (ROE)	5.29%	5.29%	16.00%	10.80%	13.85%	10.69%	Upgrade
Return on Assets (ROA)	2.23%	2.23%	8.36%	4.56%	6.12%	4.54%	Upgrade
Return on Invested Capital (ROIC)	4.14%	3.97%	15.86%	8.81%	13.18%	10.66%	Upgrade
Earnings Yield	2.25%	1.47%	14.69%	27.20%	43.58%	28.59%	Upgrade
FCF Yield	2.90%	1.90%	14.09%	7.88%	45.82%	48.92%	Upgrade
Dividend Yield	1.88%	-	4.54%	7.61%	-	-	Upgrade
Buyback Yield / Dilution	18.71%	6.44%	-	-65.58%	-	24.39%	Upgrade
Total Shareholder Return	20.59%	6.44%	4.54%	-57.98%	-	24.39%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.