The N2.5 trillion gross earnings recorded by Access Holdings Plc in the first half of 2025 has been welcomed by shareholders, increasing their investments in the financial services provider because of their confidence in the business.
In its half-year audited financial results for the period ended June 30, 2025, Access Holdings grew its earnings increased by 13.8 per cent year-on-year from the N2.2 trillion achieved in H1 2024.
This was driven by strong growth in interest income which increased by 38.9 per cent year-on-year to N2.0 trillion from N1.5 billion in H1 2024, with net interest income rising by 91.8 per cent to N984.6 billion from N513.4 billion.
Complementing this performance was a growth in net fees and commission income, which climbed by 16.1 per cent to N237.7 billion from N204.7 billion, as the profit before tax (PBT) and profit after tax (PAT) closed at N320.6 billion and N215.9 billion, respectively, underscoring the strength and resilience of our business model in the markets we operate in.
Key balance sheet indicators remain strong with total assets, customer deposits, loans and advances, and shareholders’ equity closing at N42.4 trillion, N22.9 trillion, N13.2 trillion, and N3.8 trillion apiece.
The performance of Access Holdings reflects the resilience of its business model, the diversification of our revenue streams, and the steady progress to the execution of its five-year strategic plan.
As for the banking segment of the organisation, it demonstrated resilient performance in H1 2025, as interest income expanded by 38.7 per cent year-on-year to N2.0 trillion in H1 2025 from N1.5 trillion in H1 2024.
Also, net interest income soared by 85 per cent to N992.7 billion from N536.7 billion, fee and commission income gained 27 per cent to close at N294.9 versus N232.5 billion due to increased transaction volumes.
Profit before tax (PBT) and profit after tax (PAT) closed at N303.0 billion and N199.3 billion, respectively.
The group’s non-banking subsidiaries maintained a strong growth momentum, with Access-ARM Pensions’ financial performance robust after its revenue went up by 29.9 per cent to N21.0 billion and profit before tax surged by 65.1 per cent to N13.1 billion, delivering a solid ROAE of 48.1 per cent, a cost-to-income ratio of 35.1 per cent, and a PBT margin of 62.5 per cent, underscoring strong operational efficiency and profitability.
Further, Hydrogen Payments recorded a 40.5 per cent growth in top-line revenue compared to H1 2024. Profit before tax (PBT) grew by 273 per cent year-on-year. The total transaction value processed increased by 211 per cent to N41.1 trillion from N13.8 trillion.
In addition, Access Insurance Brokers has sustained strong momentum, recording a 125 per cent growth in gross written premium, 146 per cent growth in revenue, and a 161 per cent improvement in profit before tax (PBT).
Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering N5.4 billion in revenue and N2.2 billion in profit before tax in H1 2025.