The top 10 Nigerian companies with the largest cash holdings ended the first half of 2025 with a combined total of N2.31 trillion in the bank.
This represents a 30.9% increase from the N1.7 trillion collectively reported by the same set of companies a year earlier.
Cash in the bank refers to funds a company can access immediately, whether held in bank accounts or short-term deposits.
It serves as a clear indicator of a company’s capacity to quickly meet its obligations, invest in growth opportunities, or withstand unexpected shocks.
In corporate reporting, this is reflected under ‘cash and cash equivalents’ on the balance sheet, covering not only actual cash but also near-cash investments that can be converted into liquid funds within a few months.
For this report, we highlight the 10 Nigerian companies with the highest cash and cash equivalent positions in H1 2025.
Here they are:
Julius Berger holds N101.4 billion in cash and cash equivalents, lower than the N162.3 billion reported at the close of 2024.
Current assets edged up to N556.2 billion, while current liabilities grew to N152.2 billion. With inventories of N94.6 billion, the company’s quick ratio stands at 3.03.
Despite solid liquidity, earnings softened, with operating profit down to N9.4 billion from N17.8 billion, and pretax profit at N13.1 billion down 47.62%, reflecting rising cost pressures.
In addition, the company’s cash flow from operating activities was a negative N63.8 billion, representing a higher outflow compared with the negative N27.9 billion recorded in the previous period.
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