Access Holdings Plc on Friday announced third quarter ended September 30, 2025 result and accounts with profit after tax at N448 billion, about 2.2 per cent drop from N458billion reported in thirrd quarter of 2024.
The pan-African financiial institution announced N616billion profit before tax in Q3 2025, representing an increase of 10.4 per cent from N558 billion declared in Q3 2024.
Company Secretary, Access Holdings, Sunday Ekwochi in a statement stated that Access Holdings recorded improved performance for Q3 2025, with gross earnings rising by 14.1 per cent year-on-year to N3.9trillion from N3.4trillion as at Q3 2024.
“This performance was driven by sustained growth in both interest and fees and commission, reflecting the strength of the Group’s diversified earnings base and improved performance from core operations across its banking and non-banking businesses.
“Maintaining the same momentum, gross earnings rose by 56.2per cent quarter-on-quarter from N2.5trillion as at Half Year (H1) 2025. Interest income rose by 21.1per cent year-on-year to N2.9 trillion in Q3 2025, compared to N2.4 trillion in Q3 2024.
“Net interest income also increased by 48.9per cent to N1.3 trillion from N845 billion in the same period. This performance was driven by loan book expansion, reflecting our disciplined risk management approach and a strategic focus towards higher-yielding, quality assets to strengthen portfolio returns.
“On a quarter-on-quarter basis, interest income and net interest income grew by 42.1per cent and 27.8per cent, respectively, from N2.0 trillion and N984 billion in H1 2025.
“There was 44.3per cent growth in net fee and commission to N476billion in Q3 2025 from N330billion in Q3 2024, reflecting higher transaction volumes and increased customer activity across digital and payment channels across both periods. On a quarter-on-quarter basis, net fee and commission income also increased by 100.8per cent from N237billion in H1 2025.
“While total non-interest income declined marginally by 8.1per cent to N872 billion in Q3 2025 from N984trillion in Q3 2024, the Group’s growth momentum from core operations continues to support overall earnings trajectory.
“Operating income rose 18.8per cent to N2.13 trillion in Q3 2025 from N1.8trillion in Q3 2024.
“Impairment on loans increased by 141.5per cent to N350billion as of Q3 2025 from N145billion in Q3 2024.
“Operating expenses increased marginally by 6.7per cent in Q3 2025 to N1.2trillion from N1.1trillion in Q3 2024. The cost-to-income ratio (CIR) improved to 54.6per cent in Q3 2025 from 60.8per cent as at Q3 2024, as revenue growth outpaced operating expenses. We expect cost-to-income ratio to stay moderated from ongoing efficiency initiatives, cost optimization measures, and stronger revenue across the Group.”
“Compared to H1 2025 performance, profitability demonstrated resilience, as profit before tax (PBT) increased by 91.9 per cent from N321billion in H1 2025 YTD to N616billion in Q3 2025. Profit after tax (PAT) also showed improvement in the period with a 107.9per cent increase to N447billion in Q3 2025 from N215 billion as at H1 2025 YTD.
“The Group’s balance sheet increased with total assets growing by 25.8per cent to N52.0trillion in Q3 2025 from N41.5trillion in FY 2024. The growth in balance sheet was supported by customer deposits, which grew by 47per cent to N33.1trillion in Q3 2025 from N22.5trillion in FY 2024. Loans and advances increased by 19.7per cent to N15.6trillion in Q3 2025 from N13.0trillion in Q3 2024. The Group is positioned to unlock revenue synergies, enhance cross-border collaboration, and drive sustainable earnings growth.
“The Group’s strong performance was largely driven by its non-Nigerian subsidiaries, which together contributed over 50per cent of consolidated results.
“These subsidiaries continued to deliver strong growth across key metrics, reflecting the benefits of diversification and deepening franchise strength across our African markets. In comparison, the Nigerian operations experienced underperformance during the period, attributable to changing macroeconomic conditions, inflationary pressures, and continued regulatory adjustments. Despite these headwinds, the Group’s diversified structure continued to provide stability and resilience.”
Looking ahead, He added that, “We will continue to strengthen our franchise across all our markets and businesses, deepen operational resilience, and create sustainable value for all our stakeholders.
“We appreciate the continued trust and support of our shareholders, customers, and employees. Together, we are shaping a resilient and inclusive franchise that is anchored in prudent portfolio management, guided by innovation, and committed to sustainable growth.”
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