WATCH THE VIDEO HERE FCMB Group Plc has reported a pre-tax profit of N111.8 billion for the full year ended 31st December 2024, as detailed in its recently released audited financial statement. This represents an increase of 7.15% compared to the N104.4 billion recorded in 2023, as gross earnings and net interest income soared. The group achieved gross earnings of N794.4 billion, reflecting a robust year-over-year growth of 53.85%. Significantly, interest income surged to N621.8 billion, up 75.16% from the prior year’s figure of N354.9 billion. Despite interest expenses rising sharply to N396.5 billion—an increase of 122.26%—net interest income still experienced impressive growth, climbing to N225.3 billion from N176.5 billion in the previous year. The group also reported profits from core operations, with results from operating activities reaching N112.1 billion, up by 7.36%. As of the close of trading on April 3, 2025, FCMB shares closed at N8.55, marking a 3.19% YtD loss. In 2024, the share price recorded a year-to-date gain of 27.03%, from N7.40 to N9.40.
FCMB Group reports pre-tax profit of N111.8 billion as interest and operating income surge
