Zenith Bank Plc · NSENG:ZENITHBANK
Zenith Bank — H1 2025 Earnings Presentation
49 slides from Zenith Bank's earnings presentation, 2025
Slide 1: 2025 Half-Year Results
ZENITH BANK PLC 2025 HALF-YEAR RESULTS Presentation to Investors and Analysts
Slide 2: Basis of preparation of financial statements
This presentation is based on the consolidated financial statements of Zenith Bank Plc, a company incorporated in Nigeria on 30 May 1990, and its subsidiaries (hereinafter collectively referred to as "the Group"). The financial statements are prepared in accordance with the International Financial R
Slide 3: Agenda
AGENDA 1 Macro and Operating Environment 2 Financial and Non-financial Highlights 3 Group Results 4 Risk Management 5 Business Segments Performance and Subsidiary Review 6 Environment, Social and Governance (ESG) 7 Strategy and Outlook 3 © 2025 ZENITH BANK PLC | Half-Year Group Results Presentation
Slide 4: Macro and Operating Environment
Macro and Operating Environment 4 © 2025 ZENITH BANK PLC | Half-Year Group Results Presentation to Investors & Analysts
Slide 5: Global and Sub-Saharan Africa Macroeconomic Overview: Global
Global and Sub-Saharan Africa Macroeconomic Overview Global Global Inflationary Pressures: GDP and Inflation Data for Global headline inflation is expected to moderate to 4.2% in 2025 from 5.8% in 2024, driven by trends of cooling demand and a persistent fall in energy Countries of Interest (Estimat
Slide 6: Global and Sub-Saharan Africa Macroeconomic Overview: Sub-Saharan Africa
Global and Sub-Saharan Africa Macroeconomic Overview Sub-Saharan Africa Headline Inflation: ▪ Inflationary pressures have persisted with estimated inflation GDP and Inflation Data for rates above medium-term targets in many countries.. GDP Growth: Countries of Interest (Estimate) Rising Debt Concern
Slide 7: Nigeria Macroeconomic and Operating Environment
Global and Sub-Saharan Africa Macroeconomic Overview Nigeria Macroeconomic and Operating Environment GDP Growth Rate Inflation Rate Real GDP Growth: 23.71% ▪ Nigeria’s real GDP grew by 4.23% y/y in Q2 2025 mainly 4.23% 22.97% 3.84% 22.22% 21.88% driven by the industry sector, which recorded a growth
Slide 8: Monetary and Fiscal Policy Overview
Monetary and Fiscal To set the right tone for Nigeria’s policy environment to meet the current economic realities, the government embarked on fundamental changes to Policy Overview address certain macro and structural challenges. Monetary Policy Decisions Non-Resident Bank Verification Number The Ce
Slide 9: Monetary and Fiscal Policy Overview
Monetary and Fiscal To set the right tone for Nigeria’s policy environment to meet the current economic realities, the government embarked on fundamental changes to Policy Overview address certain macro and structural challenges. 2025 FG Approved Budget New CBN Instruments Target Liquidity President
Slide 10: Financial and Non-financial Highlights
Financial and Non- financial Highlights 10
Slide 11: Attractive Investment Proposition
Attractive Investment Proposition Strong Financial Health: Diverse Income, Consistent Profits, and A Formidable Player in The Nigerian Banking Industry Growing Dividends Nigeria’s largest bank, with a decade-long track record of the highest Tier-1 capital of NGN3.2Tn, delivering superior returns to
Slide 12: The Board of Directors
The Board of Directors Engr. Mustafa Bello Dr. Al-Mujtaba Dr. Omobola Dr. Peter Olatunde Chuks Emma Dr. Juliet Pamela Mimi Dame Dr. Adaora Non-Executive Abubakar, MFR Ibidapo-Obe Ogunfowora Okoh Bamkole Ehimuan Yough JP, HCIB Umeoji, OON Director Independent Non- Independent Non-Executive Non-Execut
Slide 13: Our Well-seasoned Executive Team
Our Well-seasoned The combined intellect and dedication of the staff, management and board contribute to making Zenith Bank a world-class institution. The bank has recorded five consecutive smooth Executive Team successions internally for the role of Group Managing Director since its inception. Dame
Slide 14: © 2025 ZENITH BANK PLC | Half-Year Group Results Presentation to Investors & Analysts
14 © 2025 ZENITH BANK PLC | Half-Year Group Results Presentation to Investors & Analysts
Slide 15: Non-financial Highlights: Credit Ratings
Non-financial Highlights Credit Ratings Standalone Rating Agency LT rating Outlook rating B B Stable B- B Stable B3 b3 Stable 15 © 2025 ZENITH BANK PLC | Half-Year Group Results Presentation to Investors & Analysts
Slide 16: Financial Highlights – H1 2025
Financial Highlights – H1 2025 Income Statement Statement of Financial Position Gross earnings: Customers’ deposits: +20% YoY +7% YtD N2.52Tn N23.48Tn Net-interest income: Gross loans: +89% YoY -7% YtD N1.35Tn N10.22Tn Non-interest income: Total assets: -32% YoY +3% YtD N613.1Bn N30.99Tn Profit befo
Slide 17: Group Results
‘?,. Group Results
Slide 18: Income Statement for the Period Ended June 2025
Income Statement for the Period Ended 30 June 2025 Robust Profit Before Tax, Driven by a Strong Growth In Interest Income Group Group YoY (N’million) June 2025 June 2024 Change Gross income 2,520,759 2,101,372 20.0% Interest and similar income 1,839,249 1,149,436 60.0% Interest and similar expense (
Slide 19: Strong Financial Performance
Strong Financial Performance Consistent and Growing Dividend Payments Supported by Strong Core Earnings H1 2025 financial results were driven primarily by interest income Interim Dividends Paid Out Over the Years Total Revenue 1.25 2,520.8 Key Ratios H1 2025 H1 2024 1.0 2,101.4 Earnings per share (E
Slide 20: Strong Financial Performance
Strong Financial Performance Diversified Revenue Streams Net Interest Margin 27.0% Diversified Revenue Streams: 41.0% 40.3% 45.3% 11.9% 57.1% ▪ Net interest income (NII) up 89% from H1 2024. 8.8% ▪ Growth in net interest margin 73.0% 6.5% 7.1% (NIM) supported by an optimal 59.0% 59.7% 54.7% 42.9% 5.
Slide 21: Evolution of Revenue Base
Evolution of Revenue Base 60% Yoy Growth In Interest Income Driven by a High-yield Environment Revenue (NGN’billion) 1,839 1,149 796 415 468 369 204 242 196 162 59 63 85 79 103 80 20 17 Jun-21 Jun-22 Jun-23 Jun-24 -6 Jun-25 -655 Interest income Trading income Fees & commission income Other operating
Slide 22: Revenue Base: Interest Income and Non-Interest Income Diversification
Revenue Base: Interest Income and Non-Interest Income (NII) Diversification Sustained diversification in income, ensuring an enhanced revenue base Interest Income – H1 2025 Interest Income – H1 2024 Placement w/banks & Placement w/banks Others, 1% disc. houses, 7% & disc. houses, 6% T-bills, 23% ▪ I
Slide 23: Interest Expense: Funding Cost Optimization
Interest Expense: Funding Cost Optimization 12% YoY rise in interest expense, amid consistent but elevated rates Interest Expense – H1 2025 Time deposits, 15% H1 2025 H1 2024 YoY Borrowed CASA, 57% funds & lease, 28% CASA 277,829 147,349 89% Time deposits 72,006 112,632 (36%) Borrowed funds and leas
Slide 24: Statement of Financial Position for the Period Ended June 2025
Statement of Financial Position for the Period Ended 30 June 2025 Strong statement of financial position - poised to harness emerging opportunities Group Group YtD (NGN‘million) Jun-25 Dec-24 Change Cash and balances with central bank 6,657,952 5,888,216 13% Treasury bills 4,936,470 2,678,929 84% As
Slide 25: Statement of Financial Position for the Period Ended June 2025
Statement of Financial Position for the Period Ended 30 June 2025 Assets are largely funded by deposits, with an enhanced capital base providing strength for further growth. Group Group YtD (NGN‘million) Jun-25 Dec-24 Change Customers’ deposits 23,483,444 21,959,369 7% Derivative liabilities 22,463
Slide 26: Gross Loans and Advances to Customers
Gross Loans and Advances to Customers Gross loans predominantly made up of Term Loans – c.87%, enabling effective asset-liability management. Gross Loans & Advances to Customers by Product (NGN’billion) 8,912 8,854 7,819 2,003 1,746 1,317 586 78 52 Term Loans Overdraft Onlending Jun-24 Dec-24 Jun-25
Slide 27: Deposits
Deposits 7% YoY growth in deposits, which is made up of 49% CASA Deposits by product (NGN’billion) 9,268 8,567 8,700 5,952 6,016 5,784 5,106 5,037 2,816 2,689 2,593 2,548 Current Account Savings Account Term Deposits Domicilliary Accounts Jun-24 Dec-24 Jun-25 27 © 2025 ZENITH BANK PLC | Half-Year Gr
Slide 28: Loan Portfolio and Provisions by Stages
Loan Portfolio and Provisions by Stages Enhanced asset quality as Stage 2 loans improve by c.71% Goss loans and advances (N’bn) Provisions (N’bn) Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Stage 3 211 31
Slide 29: Risk Management
Risk Management 29 © 2025 ZENITH BANK PLC | Half-Year Group Results Presentation to Investors & Analysts
Slide 30: Healthy Risks Assets Portfolio
Healthy Risks Assets Portfolio The Group adopts an integrated approach to risk management Strict Portfolio Management 4.7% 4.7% ▪ Strict Portfolio Management 4.5% 4.5% ▪ Strict portfolio management practiced through credit assessment, approval processes, and the 3.1% entire loan lifecycle to maintai
Slide 31: Focused Risk Management through a Diversified Loan Portfolio
Focused Risk Management through a Diversified Loan Portfolio Loans by Sector – H1 2025 Loan by Sector – FY 2024 Real Estate, Upstream Oil & Agriculture, 8.0% Real Estate, Gas, 21.0% 4.0% 8.0% Loan Portfolio Consumer Credit, 1.0% Upstream Oil & Gas, Agriculture, 6.0% General 27.0% Commerce, ▪ Asset q
Slide 32: Robust Capital Base
Robust Capital Base Strong capital position well positioned for growth Strong Capitalisation Funding Strategy and Capital Mix ▪ Delivering value and returns to shareholders with 25% year-on-year interim ▪ Funding strategy driven my effective diversification in sources and tenor of funding. dividend
Slide 33: Foreign Currency (FCY) Loans
Foreign Currency (FCY) Loans Gross Loan Split by Currency – H1 2025 Foreign Currency Loans H1 2025 % to US$ % to Gross US$ m NGN m loans Loans Oil and Gas 1,982 3,036,424 59.9% 29.7% Manufacturing 481 736,892 14.5% 7.2% Loans in Loans in Naira, USD, Power 686 1,050,952 20.7% 10.3% 50.4% 49.6% Others
Slide 34: Risk Management Strategy
Risk Management Strategy Zenith Bank's comprehensive risk management strategy positions it strongly to navigate through a challenging macro environment Type of Risk Mitigation Measures Type of Risk Mitigation Measures ▪ Engaging in thorough strategic planning ▪ Implementing environmental policies ▪
Slide 35: Business Segments Performance & Subsidiary Review
Business Segments Performance & Subsidiary Review
Slide 36: Financial Performance: Profit by Business Segments
Financial Performance: Profit by Business Segments Continuous profitability across core business segments H1 2025 Summary Income Statement (NGN’million) Revenue % Contribution by Business Segment – H1 2025 Commercial / Retail, 8.7% Corporates Public Retail Consolidated SMEs Public, 10.5% Gross Reven
Slide 37: Financial Performance: Loans and Deposits by Business Segments
Financial Performance: Loans and Deposits by Business Segments Deposit Breakdown by Business Segment – H1 2025 Loan Book Breakdown by Business Segment – H1 2025 Loan Growth Vs. Deposit Growth Public, Public, 9.2% 9.2% 46.5% 55.8% Corporates, Retail, 2.3% 43.9% 19.4% 44.8% 30.0% 42.0% 29.4% 7.0% 3.3%
Slide 38: Financial Performance: Geographical Presence
Financial Performance: Geographical Presence Zenith Bank Plc. (Parent) Zenith Pension Zenith Nominee Established 1990 Established 2005 Established 2018 Branches 406 Zenith ownership 99% Zenith ownership 99% H1 2025 PBT N464bn Branches 2 Branches 1 Total deposits N17,901bn H1 2025 PBT N6.1bn H1 2025
Slide 39: Financial Performance: By Geography
Financial Performance: By Geography Steady growth in the contribution of foreign subsidiaries to the total revenue H1 2025 Summary Income Statement (NGN’Million) Gross Revenue (NGN’Billion) – H1 2025 Nigeria Rest of Africa Europe Eliminations Consolidated 2,152 Total revenue 2,152,460 253,657 135,68
Slide 40: Environment, Social & Governance
Environment, Social & Governance 40
Slide 41: Commitment to Environment, Social and Governance (ESG)
Zenith Bank adheres to global sustainability principles and standards, Commitment to Environment, ensuring that our corporate action is aligned with international best practices. Social and Governance (ESG) The Bank has integrated sustainability into its corporate identity over the past fifteen year
Slide 42: Commitment to Environment, Social and Governance (ESG)
Commitment to Environment, Social and Governance (ESG) PROFIT PEOPLE PLANET 42
Slide 43: Commitment to Environment, Social and Governance (ESG)
Strong commitment to sustainability, prioritising ethical business Commitment to Environment, practices, community engagement and environmental sustainability. Social and Governance (ESG) Sustainability is an integral part of the bank’s corporate identity and at the heart of the business. PEACE, JUS
Slide 44: Commitment to Environment, Social and Governance (ESG)
Commitment to Environment, Sustainability remains a core component of Zenith Bank’s values, strategy Social and Governance (ESG) and operations… PLANET CLEAN WATER AND AFFORDABLE AND SUSTAINABLE CITIES AND CLIMATE LIFE SANITATION CLEAN ENERGY COMMUNITIES ACTION ON LAND 2,044 ATMs fully run Active tr
Slide 45: Commitment to Environment, Social and Governance (ESG)
Commitment to Environment, The Bank’s ESG principles shape its decisions and actions to create Social and Governance (ESG) long-term value for stakeholders & positive societal impacts PROFIT DECENT WORK AND INDUSTRY, INNOVATION & RESPONSIBLE PARTNERSHIPS ECONOMIC GROWTH INFASTRUCTURE CONSUMPTION AND
Slide 46: Strategy & Outlook
Strategy & Outlook 46
Slide 47: Strategic Growth Opportunities
Strategic Growth Viable growth potential available to increase the Bank’s market share locally and across the African continent. Opportunities Attractive growth opportunities, driven by emerging markets, technological improvements and evolving consumer preferences Corporate Client Retail & SME Prior
Slide 48: FY2025 Guidance
FY2025 Guidance FY 2025 Guidance FYE 2024 Achieved FY 2024 Guidance (Updated) Profit before tax NGN1.2tn NGN1.3tn NGN1.3tn Effective tax rate 15% 22% 15% Profit after tax NGN1.02tn NGN1.0tn NGN1.1tn Return on average equity (ROAE) 35% 33% 42% Return on average assets (ROAA) 3.5% 4.1% 5% Net interest
Slide 49: Thank You
ZENITH BANK … in your best interest THANK YOU PEOPLE | TECHNOLOGY | SERVICE