Access Holdings PLC announced its nine‑month results ending 30 September 2025, reporting gross earnings of ₦3.9 trillion—a 14.1 % year‑on‑year increase from ₦3.4 trillion in Q3 2024. The rise was driven by sustained growth in interest and fee income, as well as improved performance across the company’s banking and non‑banking operations. Secretary Sunday Ekwochi noted that gross earnings also jumped 56.2 % quarter‑on‑quarter from ₦2.5 trillion in the first half of 2025.
Interest income grew 21.1 % year‑on‑year to ₦2.9 trillion, while net interest income rose 48.9 % to ₦1.3 trillion, reflecting the firm’s disciplined risk management and focus on higher‑yielding assets. On a quarter‑on‑quarter basis, interest income and net interest income increased 42.1 % and 27.8 %, respectively. Net fee and commission income climbed 44.3 % to ₦476 billion, supported by higher transaction volumes and greater customer activity on digital and payment channels.
Operating income rose 18.8 % to ₦2.13 trillion, whereas loan impairments surged 141.5 % to ₦350 billion. Operating expenses grew modestly by 6.7 % to ₦1.2 trillion, improving the cost‑to‑income ratio to 54.6 % from 60.8 % in Q3 2024. Profit before tax increased 10.4 % to ₦616 billion, while profit after tax moderated to ₦447 billion. Compared with the first half of 2025, profitability remained robust, with profit before tax up 91.9 % and profit after tax up 107.9 %.
The balance sheet expanded, with total assets rising 25.8 % to ₦52.0 trillion and customer deposits growing 47.0 % to ₦33.1 trillion. Loans and advances increased 19.7 % to ₦15.6 trillion, positioning the company to unlock revenue synergies and sustain earnings growth. More than half of the consolidated results were contributed by the firm’s non‑Nigerian subsidiaries.
Looking ahead, Access Holdings plans to strengthen its franchise across all markets and businesses, deepen operational resilience, and create sustainable value for stakeholders. Return on average equity fell to 15.4 % from 22.2 % in Q3 2024, and return on average assets moderated to 1.3 % from 1.8 %. Despite changing macro‑economic conditions and regulatory adjustments, the company remains committed to delivering sustainable growth and value to its stakeholders.
Comments are closed for this story.