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:
BUA Cement nearly doubled its cash and cash equivalents in six months to N163.4 billion, earning the 6th position.
Current assets climbed to N460 billion, current liabilities eased to N495 billion, and inventories totaled N179.8 billion, resulting in a quick ratio of 0.57.
The improvement in liquidity was matched by stellar earnings growth, as operating profit surged to N245.3 billion (up 199.4% YoY) and pretax profit reached N214.8 billion in H1 2025, more than four times last year’s figure.
BUA Cement’s net cash from operating activities stood at N150.2 billion for the period, down from N405.2 billion recorded at the end of 2024.
What of NNPCL?