Access Holdings Plc · NSENG:ACCESSCORP

Access — 9M 2025 Earnings Presentation

40 slides from Access's earnings presentation, November 2025

Slide 1: Half Year and Nine Months 2025 Results Presentation
Access Holdings Plc Half Year and Nine Months 2025 Results Presentation ©Access Holdings2025 ©Access Holdings 2024 1
Slide 2: Contents
The Access Growth Story Contents Our Strategy Half Year and Nine Months 2025 Results Risk Management Key Takeaways Guidance and Plans ©Access Holdings 2024 2
Slide 3: Corporate Philosophy
Corporate Philosophy OUR PURPOSE OUR VALUES We exist to make a positive impact in Africa. Excellence: We strive to be exceptional in everything we do. OUR VISION Integrity: We do the right thing. To be the world’s most respected African financial services group. Service: We put the needs of our cust
Slide 5: Access Holdings at a Glance
Access Holdings at a Glance We are a leading African financial services group, creating value through consistent, high-impact “We aim to be the world’s most solutions that fuel enterprise and strengthen respected African financial services economic stability. Grounded in operational group, driving p
Slide 6: Investments in People, Planet and Profit
Investments in People, Planet and Profit Growing users on our Digital Ecosystems Listings +211% y/y increase in + ₦5 bln in Digital Loan 23.3% y/y (Primary equity listing) transaction value Disbursals (Oxygen) AUM Growing customer footprint processed on Hydrogen (Pensions) Payments B +11.8 mln uniqu
Slide 7: Sustainability is at the Heart of Our Business
Sustainability is at the Heart of Our Business Advocacy and Governance Corporate Social Investment Sustainable Reached 11,751,819 lives through intervention in Development Finance Education, Environment, Health, Entrepreneurship 8.12% Attracted US$182.5mn inflows Corporate Head-Office Serving on the
Slide 8: Two Decades of Making Giant Strides in Africa
Two Decades of Making Giant Strides in Africa • Transition to a financial holding company – Access Holdings Plc • Formation of Access Pensions • Acquired Capital Bank and Marina Bank • Entered into an agreement with Standard • First Nigerian bank to receive US$15mn Chartered Bank to acquire 5 of its
Slide 10: Our Business Structure
Our Business Structure Access Holdings Plc Banking Business Wealth Management Technology Access ARM Access Hydrogen Access Bank Insurance Payment Oxygen X Plc Pensions Brokers Services • Unsecured Personal loans • Loans • Pensions • Group Life • Payment gateway • • Health Insurance • POS services •
Slide 11: Access Bank's Footprint across Major Markets and Global Financial Hubs
Access Bank’s Footprint across Major Markets and Global Financial Hubs United Kingdom S&P: AA/A-1+ Moody’s: Aa3 Nigeria Fitch: AA Morocco France Existing markets Libya Egypt Countries of Interest Malta Lebanon China France Rest of World S&P: AA Moody’s: Aa2 Fitch: AA U.A.E India Niger Hong Kong Open
Slide 12: Investment to Consolidation
Investment to Consolidation Investment Phase Consolidation Phase Optimization Phase 2023 - 2025 2025 - 2026 2026 - 2027 As we continue our growth phase and investment into Following our growth into various markets with several In this phase our focus would be on streamlining our subsidiaries, we wou
Slide 13: Translating Scale and Discipline into Shareholder Value
Translating Scale and Discipline into Shareholder Value 1 2 3 4 Capital Resilience Technology & Synergies Cashflow & Returns Operational Efficiency Reinforce capital adequacy Leverage Group technology Strengthen free cash flow and liquidity resilience and shared infrastructure to generation and divi
Slide 14: Optimizing our cost and ensuring balance sheet efficiency
Optimizing our cost and ensuring balance sheet efficiency is an active process Cost of Funds (CoF) Cost of Risk Cost to Income Ratio • Maintain our disciplined approach to risk • Building strong relationships with suppliers and • Continue the CASA (current account and savings management negotiating
Slide 16: Half Year 2025 Results: Earnings Growth and Balance Sheet Stability
Half Year 2025 Results: Earnings Growth and Balance Sheet Stability Gross Earnings Interest Income Fee & Comm Income PBT ₦2.5trn ₦2.0trn ₦317bn ₦321bn +13.8% y/y +38.9% y/y +26.5% y/y -8.1% y/y Total Assets Loans & Advances Customer Deposits Shareholders’ Funds ₦42.5trn ₦13.2trn ₦22.9trn ₦3.8trn +2.
Slide 17: Nine Months 2025 Results: Positioned for Continued Growth
*Nine Months 2025 Results: Positioned for Continued Growth Gross Earnings Interest Income Fee & Comm Income PBT ₦3.9trn ₦2.9trn ₦600bn ₦616bn +14.1% y/y %21.1 y/y +49.6% y/y %10.4 y/y Total Assets Loans & Advances Customer Deposits Shareholders’ Funds ₦52.2trn ₦15.6trn ₦33.1trn ₦4.0trn +25.8% ytd +1
Slide 18: Half Year and Nine Months 2025 Results
Half Year and Nine Months 2025 Results % % Income Statement Jun-24 Jun-25 Sep-24 Sep-25 change change In Naira Billions Gross earnings 2,196 2,499 13.8% 3,418 3,901 14.1% Interest income 1,472 2,044 38.9% 2,398 2,904 21.1% ▪ Annual growth in gross earnings from June 2024 to June 2025, Interest expen
Slide 19: Sustained Growth Across Key P&L Lines
Half Year and Nine Months 2025: Sustained Growth Across Key P&L Lines Strong interest income growth offset moderation in non-interest income In Naira Billion Gross Earnings Interest Income Non-Interest Income PBT 14% 3,901 3,418 21% 14% 2,499 2,904 2,196 39% 2,398 2,044 -8% 1,472 949 10% -45% 872 67
Slide 20: Non-Interest Income Mix
Half Year and Nine Months 2025: Non-Interest Income Mix Fee and commission income growth offsetting lower FV & FX gains In Naira Billion Fees & Commissions Fair Value & FX Gains Other Operating Income 49% 600 -53% 27% -89% 548 402 318 407 45% 110% 251 255 91 140 62 67 46 HY HY 9M 9M HY HY 9M 9M HY H
Slide 21: Funding Cost Eases, Cost Growth Contained
Half Year and Nine Months 2025: Funding Cost Eases, Cost Growth Contained Interest and operating expenses remained well contained, while impairment charges increased driven by forbearance-related loans In Naira Billion Interest Expense Operating Expenses Impairment Charge 6% 1,646 11% 1,553 7% 1,060
Slide 22: Balance Sheet Growth Driven By Deposit Growth
Half Year and Nine Months 2025: Balance Sheet Growth Driven By Deposit Growth In Naira Billion Total Assets Customer Deposits Loans and Advances 21% 51,195 2% 42,447 41,498 45% 33,102 2% 22,525 22,905 18% 1% 15,636 13,068 13,206 Dec-24 Jun-25 Sep-25 Dec-24 Jun-25 Sep-25 Dec-24 Jun-25 Sep-25 ©Access
Slide 23: Profitability and Margin Ratios
Profitability and Margin Ratios: Half Year and Nine Months 2025 ROAE Trend ROAA Trend CIR Trend 60.4% 59.5% 56.7% 54.7% 24.6% 24.1% 15.4% 11.7% 2.0% 2.0% 1.1% 1.3% HY FY HY 9M HY FY HY 9M HY FY HY 9M 2024 2024 2025 2025 2024 2024 2025 2025 2024 2024 2025 2025 YoA Trend CoF Trend NIM Trend 14.5% 14.6
Slide 25: Decreasing Reliance on Nigerian Banking Subsidiary
Decreasing Reliance on Nigerian Banking Subsidiary Total Assets Customer Deposits Total Assets H1' 2023 H1' 2024 H1' 2025 13% 9% 11% Total Assets 9M' 2023 9M' 2024 9M' 2025 19% 12% 32% 14% 34% In Naira Billions In Naira Billions 28% 19% Nigeria 75% 64% 58% Nigeria 75% 62% 47% 21% Rest of Africa 12%
Slide 26: Access ARM Pensions: Consolidation Benefits Beginning to Take Effect
Access ARM Pensions I Consolidation Benefits Beginning to Take Effect Access ARM Pensions is a key player in the pension industry with >NGN3.8 trillion in AUM. Revenue (₦'Bn) Profit Before Tax (₦'Bn) 2.3M No. of Customers 189.3% 180.4% 265.5% 121.1% 32.4 21 12.9 20.1 80+ HQ (Lagos), Branches, and Se
Slide 27: Hydrogen Payment Services: Accelerated, Scalable Growth
Hydrogen Payment Services I Delivering Accelerated, Scalable Growth and Strong Results Revenue (‘Mn) Metrics (H1-25) Transaction Value Processed (₦'Tn) 7,100 60.4 41.1 Market Share 14% Switch 26.5 13.8 HY 2024 HY 2025 9M 2024 9M 2025 HY 2024 HY 2025 9M 2024 9M 2025 Aggregate count of merchants Retur
Slide 28: Oxygen X: Sustained Momentum and Market Traction
Oxygen X I Sustained Momentum and Market Traction Gross Earnings (₦’Mn) Profit Before Tax (₦’Mn) Loans disbursed (₦’Mn) Financial Performance (H1-25) 9,108 10,538 899% Market Share 4,205 <5% 5,383 Loan Applications 4,925 2,219 74,600 4,053 2,127 805 Loans Disbursed 421 Count: 3,351 0 152 Value: ₦5bn
Slide 29: Access Insurance Brokers Ltd: Significant growth in 2025
Access Insurance Brokers Ltd I Significant growth in year 2025 Financial Performance (H1-25) Gross Written Premium (₦’Bn) Revenue (₦’Mn) Profit Before Tax (₦’Mn) 25.7% 43.3% 69.3% 71.9% 45.8% 7.51 60.8% 1,100 1,400 5.28 5.24 846 964 4.2 827 640 661 526 HY 2024 HY 2025 9M 2024 9M 2025 HY 2024 HY 2025
Slide 31: Sufficient Buffers to Withstand Market Volatility
Sufficient Buffers to Withstand Market Volatility Capital Adequacy Computation Capital and Liquidity Underlying in ₦’m Dec-24 Jun-25 Sep-25 Tier I Capital 2,373,656 2,509,872 2,623,388 Tier II Capital 817,833 836,624 874,463 51.80% Total Regulatory Capital 3,191,490 3,346,497 3,497,850 51.28% 48.94%
Slide 32: Enhancing Growth Through a Diversified Loan Portfolio
Enhancing Growth Through a Diversified Loan Portfolio Loans & Advances (₦’bn) Gross Exposure Distribution by Sector 15,636 13,928 Sector Exposure Exposure Exposure HY' 2024 % HY' 2025 % Q3' 2025 % 12,275 13,206 2,742 Finance and Insurance 12.20% 18.84% 24.03% 2,067 General Commerce 13.88% 12.43% 12.
Slide 33: Sustained Improvements to Asset Quality and NPL
Sustained Improvements to Asset Quality and NPL NPL Ratio within Sector % of Total NPL % of NPL % of NPL % of NPL Sectors HY'24 HY'25 Q3'25 HY'2024 HY'2025 Q3'2025 Sectors NPL% NPL% NPL% General 9.47% 25.11% 25.40% Food Manufacturing 2.53% 4.10% 6.82% General Commerce 33.72% 22.82% 23.38% General 2.
Slide 34: 5 Key Takeaways from Half Year and Nine Months 2025 Performance
Summary I 5 Key Takeaways from Half Year and Nine Months 2025 Performance 01 02 03 04 05 Contributions from Earnings Profile Profitability Growing Asset Base Risk Asset Quality outside Nigeria Diversified earning profile from HY 2025 profitability moderated by one off Balance sheet strategically Imp
Slide 36: Full Year 2025 Guidance and Achievements
Access Holdings: Full Year 2025 Guidance and Half Year and Nine Months 2025 Achievements HY’25 Achieved Q3’ 25 Achieved FY’ 25 Budget Return on Average Equity 11.7% 15.4% >25% PROFITABILITY Return on Average Assets 1.1% 1.3% >2% Cost of Risk 3.36% 2.37% <2% ASSET QUALITY NPL Ratio 2.68% 2.53% <5% Co
Slide 39: Net Interest Income Growth and Margins
Net Interest Income Growth and Margins Growth in Interest Income outpaced growth in Interest Expense, boosting Net Interest Income In Naira Billion Net Interest Income Net Interest Income Interest Income Interest Expense Net Interest Margin Net Interest Margin 21% 7.0% 2,200 7.0 2,200 5.3% 5.5 2,904
Slide 40: Marginal Improvement in Cost to Income Ratio Amid Moderate Expense Growth
Marginal Improvement in Cost to Income Ratio Amid Moderate Expense Growth Operating expenses grew modestly in 2025, offset by stronger income performance, leading to a reduction in the cost-to-income ratio In Naira Billion Total Expenses Total Expenses Personnel Expense Personnel Expense C/I Ratio C

Access Holdings — 9M 2025 Earnings Presentation on 6ix

Access — 9M 2025 Earnings Presentation

Slide 1: Half Year and Nine Months 2025 Results Presentation

Slide 2: Contents

Slide 3: Corporate Philosophy

Slide 4: The Access Growth Story

Slide 5: Access Holdings at a Glance

Slide 6: Investments in People, Planet and Profit

Slide 7: Sustainability is at the Heart of Our Business

Slide 8: Two Decades of Making Giant Strides in Africa

Slide 9: Our Strategy

Slide 10: Our Business Structure

Slide 11: Access Bank's Footprint across Major Markets and Global Financial Hubs

Slide 12: Investment to Consolidation

Slide 13: Translating Scale and Discipline into Shareholder Value

Slide 14: Optimizing our cost and ensuring balance sheet efficiency

Slide 15: Half Year and Nine Months 2025 Results

Slide 16: Half Year 2025 Results: Earnings Growth and Balance Sheet Stability

Slide 17: Nine Months 2025 Results: Positioned for Continued Growth

Slide 18: Half Year and Nine Months 2025 Results

Slide 19: Sustained Growth Across Key P&L Lines

Slide 20: Non-Interest Income Mix

Slide 21: Funding Cost Eases, Cost Growth Contained

Slide 22: Balance Sheet Growth Driven By Deposit Growth

Slide 23: Profitability and Margin Ratios

Slide 24: Banking and Non-Banking Subsidiaries

Slide 25: Decreasing Reliance on Nigerian Banking Subsidiary

Slide 26: Access ARM Pensions: Consolidation Benefits Beginning to Take Effect

Slide 27: Hydrogen Payment Services: Accelerated, Scalable Growth

Slide 28: Oxygen X: Sustained Momentum and Market Traction

Slide 29: Access Insurance Brokers Ltd: Significant growth in 2025

Slide 30: Risk Management

Slide 31: Sufficient Buffers to Withstand Market Volatility

Slide 32: Enhancing Growth Through a Diversified Loan Portfolio

Slide 33: Sustained Improvements to Asset Quality and NPL

Slide 34: 5 Key Takeaways from Half Year and Nine Months 2025 Performance

Slide 35: Guidance and Plans

Slide 36: Full Year 2025 Guidance and Achievements

Slide 37: Thank you

Slide 38: Q and A

Slide 39: Net Interest Income Growth and Margins

Slide 40: Marginal Improvement in Cost to Income Ratio Amid Moderate Expense Growth