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:
At N147.7 billion, Dangote Sugar’s cash position improved from N108.1 billion in December 2024, placing it 7th in the ranking.
The company’s current assets stood at N412.4 billion, while current liabilities were N842.7 billion. With inventories valued at N108.5 billion, the quick ratio stands at 0.36.
Operationally, results were far stronger, with operating profit soaring to N38 billion in H1 2025 and Q2 bringing a turnaround from a N104.5 billion pretax loss to a profit of N523.8 million.
Dangote Sugar generated N49.3 billion in net cash flow from operations, a significant improvement from the N170.9 billion loss reported in the previous year.
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