Access Holdings posts N320bn profit, grows net interest income by 91.8%

Access Holdings Plc has reported that its net interest income increased by 91.8 percent year-on-year to N984.6 billion in the first half (H1) of 2025, compared to the N513.4 billion posted in the same period in 2024.

The financial institution announced its half-year audited financial results for the period ended June 30, 2025, in a statement on Friday, signed by Sunday Ekwochi, the company secretary.

Access Holdings said it recorded gross earnings of N2.5 trillion in H1 2025, an increase of 13.8 percent, against the N2.2 trillion reached in H1 2024.

According to the statement, interest income increased by 38.9 percent year-on-year to N2 trillion from N1.5 trillion in H1 2024.

The company said its financial results reflect the resilience of its business model, revenue stream diversification, and steady progress in executing its five-year strategic plan.

“Complementing this performance was a growth in net fees and commission income, which increased by 16.1% year-on-year to ₦237.7 billion in H1 2025 from ₦204.7 billion in H1 2024,” Access Holdings said.

“Profit before tax (PBT) and profit after tax (PAT) closed at ₦320.6 billion and ₦215.9 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 ₦42.4 trillion, ₦22.9 trillion, ₦13.2 trillion, and ₦3.8 trillion respectively.”

ACCESS BANK GROWS FEE AND COMMISSION INCOME BY 27%

Access Holdings said Access Bank reported 27 percent year-on-year increase in fee and commission income and 38.7 percent growth in interest income during the same period.

According to the statement, Access Bank’s interest income surged to N2 trillion in H1 2025, surpassing the N1.5 trillion posted in H1 2024.

“Net interest income increased by 85%, from ₦536.7 billion in H1 2024 to ₦992.7 billion in H1 2025,” the firm said.

“Fee and commission income increased by 27% to ₦294.9 billion in H1 2025 from ₦232.5 billion in H1 2024, driven by increased transaction volumes.
“Profit before tax (PBT) and profit after tax (PAT) closed at ₦303.0 billion and ₦199.3 billion respectively.

“Banking group subsidiaries contributed 65% to the banking group’s profit before tax (PBT) in H1 2025.

“This result highlights our journey towards sustainable performance and execution across our key African and international markets.”

For the group’s non-banking subsidiaries, Access Holdings said ARM Pensions’ financial performance was robust, with revenue up 29.9 percent to N21 billion and profit before tax up 65.1 percent to N13.1 billion.

“The business delivered a solid ROAE of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, underscoring strong operational efficiency and profitability,” the company said.

“Hydrogen Payments recorded a 40.5% growth in top-line revenue compared to H1 2024. Profit before tax (PBT) grew by 273% year-on-year. The total transaction value processed increased by 211%, reaching ₦41.1 trillion in H1 2025, up from ₦13.8 trillion in H1 2024.

“Access Insurance Brokers has sustained strong momentum, recording a 125% year-on-year increase in gross written premium, 146% growth in revenue, and a 161% improvement in profit before tax (PBT).

“Oxygen X, the group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering ₦5.4 billion in revenue and ₦2.2 billion in profit before tax in H1 2025.”

Access Holdings added that its businesses are well-positioned to drive growth and profitability through market penetration, product expansion, and cross-selling, while maintaining a focus on prudent growth and risk discipline.