Access Holdings PLC has announced its nine-month results ending September 30, 2025, with gross earnings of ₦3.9 trillion, representing a 14.1% year-on-year increase from ₦3.4 trillion in Q3 2024. The company’s performance was driven by sustained growth in interest and fees, as well as improved performance from core operations across its banking and non-banking businesses.
According to a statement by the company’s Secretary, Sunday Ekwochi, the growth in gross earnings was also reflected in a 56.2% quarter-on-quarter increase from ₦2.5 trillion in the first half of 2025. Interest income rose by 21.1% year-on-year to ₦2.9 trillion, while net interest income increased by 48.9% to ₦1.3 trillion. The company attributed this growth to its disciplined risk management approach and strategic focus on higher-yielding assets.
On a quarter-on-quarter basis, interest income and net interest income grew by 42.1% and 27.8%, respectively. Net fee and commission income also increased by 44.3% to ₦476 billion, driven by higher transaction volumes and increased customer activity across digital and payment channels. Operating income rose by 18.8% to ₦2.13 trillion, while impairment on loans increased by 141.5% to ₦350 billion.
The company’s operating expenses increased marginally by 6.7% to ₦1.2 trillion, while the cost-to-income ratio improved to 54.6% from 60.8% in Q3 2024. Profit before tax increased by 10.4% to ₦616 billion, while profit after tax moderated to ₦447 billion. Compared to the first half of 2025, profitability demonstrated resilience, with profit before tax increasing by 91.9% and profit after tax increasing by 107.9%.
The company’s balance sheet also grew, with total assets increasing by 25.8% to ₦52.0 trillion and customer deposits growing by 47.0% to ₦33.1 trillion. Loans and advances increased by 19.7% to ₦15.6 trillion, positioning the company to unlock revenue synergies and drive sustainable earnings growth. The company’s strong performance was largely driven by its non-Nigerian subsidiaries, which contributed over 50% of consolidated results.
Looking ahead, Access Holdings plans to continue strengthening its franchise across all markets and businesses, deepening operational resilience, and creating sustainable value for stakeholders. The company’s return on average equity stood at 15.4%, down from 22.2% in Q3 2024, while return on average assets moderated to 1.3% from 1.8%. Despite the challenges posed by changing macroeconomic conditions and regulatory adjustments, Access Holdings remains committed to delivering sustainable growth and value to its stakeholders.