The Group delivered resilient performance in a year shaped by transition, reflecting not only the strength of its franchise, but the robustness of the systems and governance structures deliberately built over time.
Commenting on the results, the Group Managing Director / Chief Executive Officer, Innocent C. Ike,stated:"Our 2025 performance reflects both the resilience of the Access franchise and the strength of the institution we have built. In a dynamic operating environment, we delivered strong earnings supported by diversified income streams, disciplined execution, and a continued focus on balance sheet optimization.
"We have now entered a more deliberate optimization phase, with a stronger focus on
returns on capital, earnings quality, and long-term value creation".
Financial HighlightsIn 2025, the Group crossed a defining threshold, delivering over ₦1 trillion in Profit before Tax (PBT), an important milestone in its journey, one defined by a clear commitment to value creation and steady progress toward becoming a high-performing, resilient financial institution.
Profit Before Tax (PBT) N1.01 trillion, +16.2% YoY
Net Interest Income: ₦1.36 trillion, +7.0% YoY
Net Fees & Commission Income: ₦585.1 billion, +40.9% YoY
Operating Income: ₦3.17trillion, +23.9% YoY
Cost to Income Ratio: 51.7% (2024: 56.7%)
Return on Average Equity (ROAE): 18.4%
Return on Average Assets (ROAA): 1.6%
These results reflect continued progress in strengthening operating efficiency, improving revenue quality, and enhancing overall financial performance.
Balance Sheet Strength and GrowthThe Group's balance sheet continued to expand, supported by strong deposit mobilization and sustained customer confidence across its markets.
Total Assets: ₦51.57 trillion, +24.3%
Customer Deposits: ₦34.56 trillion, +53.4%
Shareholders' Funds: ₦4.33 trillion, +15.0%
This growth reflects both the scale of the franchise and the increasing trust placed in the institution by customers, counterparties, and investors.
Operating EnvironmentPerformance in the year was supported by a gradually stabilizing macroeconomic environment in Nigeria.
GDPgrowthimproved to approximately 3.9%, inflationmoderatedfrom peak 2024 levels, and foreign exchange reserves strengthened to over US$45 billion. Capital markets also recorded strong momentum, with the NGX All Share Index rising by over 51% during the year.
These developments contributed to improved investor confidence, stronger capital flows, and a more supportive operating environment for financial institutions.
Business Model and DiversificationWhile the banking subsidiary remains the core earnings engine, contributing approximately 97% of revenue, the Group continues to make measured progress in building a more diversified and resilient earnings base.
Its investment management and insurance platforms, including Access ARM Pensions and Access Insurance Brokers, provide stable, long-term, recurring income streams.
At the same time, its technology-led consumer finance and payments platforms, including Oxygen X Finance and Hydrogen Payment Services, are advancing the Group's position within the digital financial services space.
Access Holdings continues to evolve into a diversified financial services platform, strategically positioned to deliver resilient growth and sustainable value creation across economic cycles.
Strategic Direction: From Scale to ReturnsThe Group's strategic direction is increasingly clear. Having built scale across markets and segments, the emphasis has shifted towards disciplined capital allocation, efficiency, and return optimization.
Key priorities include improving return on capital, strengthening earnings quality, deepening cost discipline, and expanding capital-light, fee-based revenue streams, while optimizing the balance sheet to support sustainable growth.
This transition reflects our strategic objective which is to build a more valuable institution, defined by high-quality, consistent, and resilient returns.
Outlook for 2026 and BeyondAs macroeconomic conditions continue to stabilize, the Group anticipates a favorable environment for credit expansion, higher transaction volumes, and increased overall activity across the financial system.
The focus in the period ahead will remain firmly on disciplined execution improving capital efficiency, expanding high-quality revenue streams, and delivering sustainable growth across the Group's diversified platform.
Closing Statement"Africa remains one of the most compelling long-term growth frontiers globally. Our role is not only to participate in that growth, but to help shape and finance it.
At Access Holdings, we have built an institution designed to endure - anchored on strong governance, disciplined execution, and a clear strategic direction.
As we move forward, our focus remains unchanged: to deliver consistent, high-quality,
risk-adjusted returns, while continuing to build a financial institution that will stand the test of
time."
SUNDAY EKWOCHI COMPANY SECRETARYInvestor and Analyst Conference Call
Management will host an Investor and Analyst Conference Call to discuss the Group's full year 2025 financial results, key performance drivers, and strategic outlook. During the call, members of the executive management team will provide further insights into the Group's financial performance, followed by a question-and-answer session with investors and analysts.
Statement on Investor RelationsAccess Holdings Plc has a dedicated investors' portal on its corporate website which can be
accessed via this link https://theaccesscorporation.com/investor-relations/.
The Company's Investors' Relations Officer can also be reached through electronic mail at investorrelation@accessholdingsplc.com or telephone on +2348130591031 or any investment related enquiry.
Financial Highlights (Full Year 2025 vs Full Year 2024)
Income Statement (₦'mn) | 2025 | 2024 | % Change |
Gross Earnings | 5,528,761 | 4,878,177 | 13.3% |
Interest Income | 3,546,335 | 3,480,475 | 1.9% |
Interest Expense | 2,189,444 | 2,212,447 | -1.0% |
Net Interest Income | 1,356,891 | 1,268,028 | 7.0% |
Impairment Charges | 523,550 | 245,319 | 113.4% |
Fee and Commission Income | 754,636 | 514,133 | 46.8% |
Fee and Commission Expense | 169,568 | 98,892 | 71.5% |
Net Fee and Commission Income | 585,068 | 415,241 | 40.9% |
Fair Value and Foreign Exchange Gain | 1,049,937 | 415,805 | 152.5% |
Other Operating Income | 177,853 | 467,763 | -62.0% |
Total Other Income | 1,227,790 | 883,568 | 39.0% |
Operating Income | 3,169,749 | 2,558,204 | 23.9% |
Operating Expenses | 1,639,078 | 1,454,498 | 12.7% |
Profit Before Tax | 1,007,121 | 867,021 | 16.2% |
Profit After Tax | 743,045 | 642,219 | 15.7% |
Balance Sheet (₦'mn) | Dec-25 | Dec-24 | % Change |
Total Assets | 51,556,280 | 41,498,015 | 24.2% |
Loans and Advances to Customers | 13,341,190 | 11,487,710 | 16.1% |
Customer Deposits | 34,562,147 | 22,524,925 | 53.4% |
Current and Savings Deposit Base | 21,713,725 | 15,604,823 | 39.1% |
Total Deposits | 38,294,441 | 31,833,181 | 20.3% |
Shareholders' Funds | 4,325,998 | 3,760,178 | 15.0% |
Key Ratios | 2025 | 2024 | Variance (%) |
After Tax ROAE | 18.4% | 21.6% | -3.20% |
After Tax ROAA | 1.6% | 1.9% | -0.30% |
Cost-to-Income Ratio | 51.7% | 56.7% | 5.00% |
‹qgp• access
Holdings
Head Office
14/t5, Prince Alaba OnJru Street, Oniru Estate, Victoria Island, Lagos, Nigeria
T *234 (03) 46t 9264-9, 277 3300-99
Access Hotdings Pte RC: T755 GB TIN. 2381648 T-OOO T
Board of Directors Chairman: A Aig-lmoukhuede
Group I'danaging Director/CEO: I lke Executive Direc fore: B Agbede. L Bamisebi
A J'moh F Bella-Ismail i Adevem‹