Access Holding PLC has released its audited group financial results for the full year ended December 31, 2025, reporting profit before tax of N1.007 trillion compared to the N867 billion in 2024, reflecting a 16.16% YoY increase.
The record profitability was driven by strong growth in interest and non-interest income, particularly a 152% YoY growth in fair value and foreign exchange gain of N1.05 trillion
Although earnings per share declined by 19.33% YoY to N13.48, it can be attributed to the 16% increase in shares outstanding to 53.318 billion from 45.868 billion in 2024
Key highlights (2025 vs 2024):
- Gross earnings: N5.529 trillion; +13.34% YoY
- Interest income: N3.546 trillion; +14.10% YoY
- Interest expenses: N2.189 trillion; -1.04% YoY
- Net interest income: N1.357 trillion; +7.01% YoY
- Impairment charge: N523.550 billion; +113.42% YoY
- Net interest income after impairment: N883.341billion; -18.52% YoY
- Net fee and commission income: N585.068 billion; +40.90% YoY
- Fair value and foreign exchange gain: N1.05 trillion; +152.51% YoY
- Profit after tax: N743.045 billion; +15.70% YoY
- Earnings per share: N13.48; -19.33% YoY
- Loans and advances to customers: N13.341trillion; +16.13% YoY
- Investment in securities: N16.305 trillion; +43.75% YoY
- Customers’ deposits: N34.562 trillion; +53.44% YoY
- Total assets: N51.556 trillion; +24.24% YoY
- Retained earnings: N1.672 trillion; +46.16% YoY
- Shareholders’ funds: N4.326 trillion; +15.05% YoY
What are driving the numbers
Access Holding’s overall bottom-line performance was driven by a combination of factors. At the top level, gross earnings at N5.529 trillion are impressive, driven by strong interest income and non-interest income
- Interest income grew by 14.10% to N3.546 trillion, driven more by income from loans and advances to customers of N1.750 trillion, accounting for about 49.36% of interest income.
- The bank earned over N1.073 trillion (down 15%) from investment in securities.
- Cash and bank balances gave the bank N249 billion, higher than the N66 billion in 2024.
The composition of the interest income appears to mirror the investment outlet. Access increased its holding in securities to N16.3 trillion compared to N11.3 trillion in 2024
- This is far higher than the bank’s exposure to loans and advances to customers, which stood at N13.34 trillion, up 16% compared to 2024.
Interest expenses
On the cost side, interest expense declined by 1.04% YoY; from N2.212 trillion in 2024 to N2.189 trillion.
- Deposit from customers expanded by 53.44% to N34.562 trillion. This accounts for over 67% of the group’s balance sheet.
Loan loss provision
The group’s impairment charge increased by 113.42% to N523.550 billion. This contributed to the 19% decline in net interest income after impairment to N833.341 in 2025.
Non-interest income
Net fees and commissions surged by 41% to N585.1 billion, driven by credit-related fees and commissions income of N330 billion compared to N162 billion made in 2024
- Channels and other E-business income, and Commission on other financial services contributed significantly to the fees and commission income at N215.268 billion and N101.587 billion, respectively
Combined with the fair value and foreign exchange gain of over N1 trillion, which significantly contributed to the non-interest income, and overall, the bottom line
Balance sheet
Access Holdings’ total assets grew to N52 trillion, driven by an increase in customer deposits (+53% YoY).
- Customer deposits at N234.562 trillion now make up over 64% of the bank’s balance sheet size, supporting the bank’s liquidity and ability to fund future growth.
- The bank’s share capital and premium amount to N594.903 billion.
Market Performance
Access began the year with a share price of N21 and closed at N27 in April, representing a year-to-date return of 28.6%.
Where is the dividend? In the absence of zero kobo dividend, the 1 trillion naira before tax mark is trash. Accesscorp should Ja da nu fast.
Monday will be interesting