Access Holdings Reports ₦320.57 Billion Pre-Tax Profit in First Half of 2025

Access Holdings posts ₦320.57 billion pre-tax profit in H1 2025, showing resilience despite a year-on-year decline. Learn more about its earnings, growth drivers, and digital innovations.

Access Holdings Demonstrates Resilience Amid Market Challenges

Access Holdings Plc, one of Nigeria’s largest financial conglomerates, has released its audited half-year financial results for the period ended June 30, 2025. The Group reported a pre-tax profit of ₦320.57 billion, marking an 8.12% year-on-year (YoY) decline from ₦348.92 billion recorded in the same period of 2024.

Despite the decline in profit, the company’s gross earnings rose by 13.81% YoY to ₦2.50 trillion, showcasing continued strength in core banking operations and diversification across its non-banking subsidiaries.

For more financial details, visit Access Holdings’ official investor relations page.

Profit Performance and Revenue Drivers

Access Holdings reported a post-tax profit of ₦215.92 billion, down by 23.25% YoY compared to ₦281.33 billion in H1 2024. However, its banking subsidiary remained the main profit driver, accounting for the majority of group earnings with a pre-tax profit of ₦303 billion and post-tax profit of ₦199.3 billion.

The Group’s performance was largely underpinned by its interest income, which contributed 82% of total gross earnings, up from 67% in 2024. This indicates a stronger focus on lending and investment amid a high-interest-rate environment.

Key Financial Highlights (H1 2025 vs. H1 2024)

Gross Earnings: ₦2.50 trillion (+13.81% YoY)
Interest Income: ₦2.04 trillion (+38.87% YoY)
Interest Expenses: ₦1.10 trillion (+10.53% YoY)
Net Interest Income: ₦983.63 billion (+91.79% YoY)
Earnings Per Share (EPS): ₦3.71 (-51.12% YoY)
Total Assets: ₦42.45 trillion (+2.29% YoY)

Interest Income and Lending Growth

Interest from loans and advances to customers rose by 36% YoY to ₦944 billion, accounting for nearly half of total interest income. Similarly, earnings from investment securities surged 46% YoY to ₦956.56 billion.

These results underscore Access Holdings’ strategy of leveraging core banking operations and asset growth to sustain profitability.

To learn more about Nigeria’s banking reforms and recapitalization updates, check the Central Bank of Nigeria official website.

Expense and Cost Management

While income grew significantly, Access Holdings also faced higher costs. Interest expenses rose by 10.53% YoY to ₦1.10 trillion, primarily from customer deposits, which contributed over 85% of total expenses.

However, the increase in net interest income — which surged 92% YoY to ₦984.63 billion — offset these expenses, resulting in a strong operating performance.

The Group recorded a sharp rise in impairment charges, up by more than 87% to ₦230 billion. This was mainly due to provisions for loan defaults, reflecting stricter credit risk management practices. Even with these charges, net interest income after impairment remained solid at ₦754.56 billion, almost doubling the previous year’s figure.

Non-Interest Income and Subsidiary Growth

Access Holdings’ non-interest income continued to expand, driven by:

Credit-related fees and commissions: ₦114 billion (+24% YoY)
E-business income: ₦102 billion (+38% YoY)

Beyond banking, the Group’s non-financial subsidiaries also contributed significantly:

Access ARM Pensions: ₦13.1 billion PBT (+65.1% YoY)
Hydrogen Payments (Fintech): ₦41.1 trillion in transactions (+211% YoY)
Access Insurance Brokers: PBT up by 161%, with 125% growth in gross written premium
Oxygen X (Digital Lending): ₦5.4 billion revenue, ₦2.2 billion PBT

These results highlight Access Holdings’ successful diversification strategy across fintech, pensions, and insurance — positioning it as a leader in Nigeria’s evolving digital finance landscape.

For insights into digital transformation in banking, read Forbes’ analysis on fintech innovation.

Balance Sheet Overview

Access Holdings maintained a strong balance sheet, with:

Total Assets: ₦42.45 trillion (+2.29% YoY)
Customer Deposits: ₦22.91 trillion (+1.69% YoY)
Gross Loans and Advances: ₦11.15 trillion (-2.90% YoY)
Cash and Cash Equivalents: ₦5.75 trillion (+10.09% YoY)

The Group’s robust deposit base and liquidity reflect sustained customer confidence and operational efficiency.

Market and Recapitalization Update

As of October 24, 2025, Access Holdings’ shares traded at ₦25 per share, marking a 4.82% year-to-date gain.
The Group also exceeded the Central Bank of Nigeria (CBN) recapitalization threshold, with a combined share capital and premium of ₦594.90 billion, well above the ₦500 billion requirement.

This reinforces Access Holdings’ status as one of Nigeria’s most stable and capitalized financial groups.

Conclusion: Strong Core, Strategic Diversification, and Future Growth

Access Holdings’ H1 2025 results demonstrate resilience and strategic adaptability. Despite profit declines, the Group continues to post strong top-line growth, driven by interest income, fintech expansion, and digital innovation.

With a diversified business portfolio spanning banking, insurance, pensions, and digital lending, Access Holdings is well-positioned to deliver sustainable value for shareholders and customers.

To explore more about Access Holdings’ financial updates and investor information, visit the Access Holdings official website.

Stay updated on the latest financial news, investment opportunities, and fintech innovations by following AndroidPols.com.ng — your trusted source for tech and business insights in Nigeria.