Wema Bank Plc has released its unaudited financial results, reporting a profit before tax (PBT) of N146.44 billion for the nine months ended September 30, 2025, representing a 141.58per cent increase from N60.615 billion reported in the corresponding period of 2024.
This growth reflects the bank’s strengthened earnings capacity despite mounting cost pressures.
The nine-month financial results filed with the Nigerian Exchange Limited (NGX) shows a stellar financial performance in the nine months ended September 30, 2025, with gross earnings rising by 58.31per cent to N458.508 billion, underpinned by strong interest income growth. Interest income surged 72.65per cent to N396.950 billion compared with N229.910 billion, reflecting higher yields and expanded loan volumes.
Meanwhile, interest expense climbed 30.01per cent to N161.333 billion as against N124.090 billion in corresponding period of 2024, resulting in net interest income of N235.6 billion, a remarkable 122.65per cent increase over N105.819 billion in the same period last year.
After accounting for impairment charges on credit losses, net interest income stood at N224.611 billion, up 138.59per cent from N94.140 billion year-on-year, signalling improved credit quality and stronger asset performance.
Operating income also recorded impressive growth, rising 86.61per cent to N286.168 billion, up from N153.346 billion supported by healthy core banking revenues and disciplined cost management.
The company’s bottom line reflected this broad-based growth, with profit for the year hitting N127.404 billion, a substantial 141.6per cent increase compared to N52.734 billion in corresponding period of 2024.
Despite a significant 141.55per cent rise in income tax expense to N19.036 billion, profitability remained strong.
Earnings per share rose 125.06% to N73.85, up from N32.81 in the prior year, mirroring the surge in profit attributable to equity holders, which also advanced 141.6% to N127.404 billion compared to N52.734 billion in 2024.
The balance sheet showed continued resilience, with equity attributable to shareholders up 99.7% to N512.02 billion as against N256.421 billion.
Total assets climbed 10.71% to approximately N4 trillion, with total liabilities increasing at a slower rate of 3.9% to N3.5 trillion, underscoring sustained financial strength and robust shareholder value creation.
Wema Bank closed its last trading day (Thursday, October 30, 2025) at N20.40 per share on NGX, recording a two per cent gain over its previous closing price of N20 per share. The stock began the year with a share price of N9.10 and has since gained 124% on that price valuation, ranking it 39th on the NGX in terms of year-to-date performance.
On a month-to-date basis, the stock has accrued 18per cent over the past four-week period, becoming the 10th best on NGX.
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