The top 10 consumer goods companies recorded a total cash and cash equivalents balance of N616.1 billion in 2025, reflecting the amount of cash held in bank accounts and forming a key part of current assets.
This represents a 29.8% increase from N474.7 billion in the prior year, translating to a N141.3 billion gain and reflecting stronger liquidity positions across the sector.
As liquidity improved, financing pressures eased significantly, with net finance costs declining to N395.3 billion from N1.17 trillion in 2024, while combined pretax profit swung to N1 trillion from a loss of N271.6 billion.
Cash in the bank refers to funds readily accessible by a company, whether held in bank accounts or short-term deposits, serving as a key indicator of financial flexibility.
In corporate reporting, this is captured under “cash and cash equivalents” on the balance sheet, covering both physical cash and near-cash investments convertible within a short period.
In this report, we highlight the top 10 consumer goods companies with the highest cash balances in their 2025 financial year, regardless of reporting month, offering insight into liquidity strength and balance sheet resilience across the sector.
Nascon Allied Industries holds the 7th position with cash and cash equivalents of N41.63 billion in 2025, rising sharply from N24.70 billion in the previous year, according to its audited financial books.
This cash position accounted for 42.36% of current assets, which stood at N98.2 billion, while total assets expanded significantly to N135.2 billion from N78.5 billion in the prior year.
- Inventory also grew to N40 billion from N18.2 billion, which, combined with cash holdings, resulted in a quick ratio of 1.47 in 2025, slightly lower than 1.68 but still comfortably above the 1.00 benchmark.
Operationally, performance improved with operating profit rising to N42.8 billion from N23.03 billion, while finance income boosted pretax profit to N48.2 billion, feeding into retained earnings growth of 68.15% to N69.3 billion.
Cash flow performance followed the same trend, with ‘net cash generated from operating activities’ increasing to N43.9 billion from N4.1 billion in the prior year.
