FCMB Group Plc reported a 46 per cent year-on-year growth in profit before tax to N134.5 billion in its nine-months ended September 30, 2025.
The company’s audited results released on the Nigerian Exchange showed that gross revenue grew by 40.9 per cent to N828.1 billion for the period ended September 2025 from N587.7 billion for the same period prior year, driven by a 64.7 per cent growth in interest income.
Net interest income grew by 101.9 per cent from N173.8 billion in the prior year, to N350.8 billion at the end of September 2025, while operating expenses rose by 41.3 per cent year-on-year to N238.9 billion for the period ended September 2025, with over 70 per cent of the cost growth due to increased personnel costs, regulatory costs (AMCON & NDIC), technology costs, and investments in business expansion.
Overall, profit before tax and profit after tax grew by 46 per cent and 52 per cent year-on-year to N134.5 billion and N125.4 billion respectively leading to a strong uplift in RoAE from 12.7 per cent to 22.4 per cent, while earnings per share moved from N2.46 to N3.91 from full year 2024 to nine months 2025.
Total assets increased by 2.5 per cent to N7.23 trillion at the end of September 2025 from N7.05 trillion at the end of December 2024, while loans and advances declined by 2.9 per cent to N2.29 trillion at the end of September 2025 from N2.36 trillion at the end of December 2024, impacted by currency revaluation, loan write-offs and concentrated paydowns.
Non-Performing Loans (NPLs) closed at 5.2 per cent and Capital Adequacy at 17.8 per cent. Customer deposits grew by 2.3 per cent to N4.40 trillion at the end of September 2025 from N4.30 trillion at the end of December 2024.
FCMB Group stated that “we have successfully concluded our public offer and are on track to complete the minority subsidiary sale by the end of December. Subject to Central Bank of Nigeria (CBN) capital verification (currently ongoing), shareholder approval at the EGM, and the required regulatory consents, we are positioned to deliver the N500 billion capital target ahead of the March 2026 deadline for our banking subsidiary, FCMB Limited.
“The Group is positioned to sustain strong financial and operational performance, driven by expanding margins, increased customer activity, and scalable digital growth. With our recapitalisation programme on track and risk fundamentals remaining solid, we expect to maintain healthy profitability and a strong capital position going into 2026.”