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.
Dangote Sugar takes the 5th spot with cash and cash equivalents of N52.58 billion in 2025, marking a sharp drop from N108.16 billion recorded in the previous year, based on its audited financial books.
- Cash in the bank represented 15.3% of current assets, which stood at N343.3 billion, while total assets declined to N965.9 billion from N1.05 trillion a year earlier.
Inventory came in at N157.5 billion, and when assessed alongside cash, the quick ratio stood at 0.23 in 2025, compared with 0.31 in the prior year.
However, the operating environment showed recovery, with operating profit surging to N96.1 billion from N12.6 billion, signalling stronger core earnings.
Notwithstanding this, the company still posted a loss after tax of N72.2 billion, although this represents a major improvement from N270.8 billion, while net cash from operating activities swung to an inflow of N13.6 billion from an outflow of N376.4 billion.
