Ecobank Transnational Incorporated Plc has reported a pretax profit of N1.21 trillion for the year ended 31 December 2025, according to its audited results published on the Nigerian Exchange.
This performance reflects a 23.60% year-on-year growth from N986.6 billion in 2024, supported by strong expansion across both interest and non-interest income streams.
On the interest side, interest income of N3.19 trillion was largely driven by loans and advances to customers at N1.58 trillion, with investment securities contributing N743.7 billion and treasury bills adding N656.9 billion.
Non-interest income was mainly driven by fees and commissions of N1.02 trillion, up 17% from N879.4 billion, while customer deposits on the balance sheet grew to N36.4 trillion from N31.6 trillion.
Key highlights (2025 vs 2024)
- Interest income: N3.19 trillion, up 16% YoY
- Net interest income: N2.14 trillion, up 23% YoY
- Fees and commissions income: N1.02 trillion, up 17% YoY
- Non-interest revenue: N1.58 trillion, up 16% YoY
- Operating expenses: N1.80 trillion, up 10% YoY
- Operating profit: N1.92 trillion, up 31% YoY
- Impairment charges: N707.5 billion, up 47% YoY
- Pretax profit: N1.21 trillion, up 24% YoY
- Customer deposits: N36.4 trillion vs N31.6 trillion
Driving the numbers
A cursory look shows that, apart from loans to customers, investment securities and treasury bills, which made up the bulk of interest income at N3.1 trillion, loans and advances to banks contributed N164 billion, while other assets yielded N24.9 billion.
- As expected, interest expense rose alongside income, increasing by 4% to N1.04 trillion from N1.006 trillion in the prior year, moderating overall earnings growth.
- This left net interest income at N2.14 trillion, up 23% year-on-year from N1.75 trillion, reflecting stronger top-line performance.
On the non-interest side, fees and commissions income rose 17% to N1.02 trillion from N879.4 billion, driven mainly by cash management and credit-related fees.
- After including fees and commissions expenses of N118.3 billion, trading income of N608.9 billion, net gain on investment securities of N8.3 billion, and other operating income of N51.8 billion, non-interest revenue stood at N1.58 trillion, up 16% from N1.35 trillion.
- Adding this to net interest income, operating income rose to N3.7 trillion, up 20% from N3.1 trillion in the prior year.
The company reported operating expenses of N1.8 trillion, largely made up of staff and other operating costs, leaving operating profit at N1.9 trillion, up 31% year-on-year.
- After an impairment charge of N707.5 billion is deducted, the operating profit after impairment settled at N1.2 trillion, which, when combined with the share of profit from associates of N429.4 billion, yielded a pretax figure of N1.21 trillion.
With an income tax charge of N305.5 billion deducted, profit after tax settled at N914 billion.
Balance sheet
On the balance sheet, total assets swelled to N49.6 trillion, up from N43.3 trillion in the prior year.
- Loans and advances to customers remained the largest asset class at N16.9 trillion, followed by investment securities of N12.7 trillion and cash and bank balances of N8.4 trillion.
Total liabilities stood at N45.5 trillion, compared to N40.5 trillion in 2024, with customer deposits accounting for about 80% at N36.4 trillion.
Total equity rose to N4.1 trillion from N2.7 trillion, driven majorly by stronger retained earnings and reserves, which increased to N2.50 trillion from N1.4 trillion.
Market reaction
Shares of the company have jumped over 6% as of market open on 14 April 2026, with year-to-date performance now above 16%, and the stock priced at N49.
Investors are expected to react positively to the company’s audited financial statements in subsequent trading sessions.
