Access Holdings records N320.6bn profit before tax in H1 2025
Access Holdings
Abdullateef Fowewe
Access Holdings Plc (“the Group” or “the Company”) has reported a profit before tax (PBT) of ₦320.6 billion for the half year ended June 30, 2025, underscoring its robust strategy, diversified growth model, and disciplined execution.
A statement from the bank on Sunday said the Group recorded a profit after tax (PAT) of ₦215.9 billion, reflecting its sustained ability to generate strong and consistent returns amid a challenging macroeconomic environment.
Gross earnings rose by 13.8% year-on-year to ₦2.5 trillion from ₦2.2 trillion in H1 2024, driven primarily by interest income, which surged 38.9% to ₦2.0 trillion. Net interest income nearly doubled, up 91.8% to ₦984.6 billion, while net fees and commission income grew 16.1% to ₦237.7 billion.
The performance highlights Access Holdings’ deliberate diversification strategy across its banking and non-banking subsidiaries — ensuring sustainable profitability and enhanced shareholder value.
The Banking Group remained the major driver, delivering ₦303.0 billion PBT and ₦199.3 billion PAT. Interest income expanded 38.7% to ₦2.0 trillion, while net interest income rose 85% to ₦992.7 billion. Fee and commission income climbed 27% to ₦294.9 billion, supported by rising transaction volumes across digital and retail channels.
Banking subsidiaries contributed 65% of total PBT, demonstrating the Group’s strong pan-African footprint and ability to convert scale into value.
Access Holdings’ non-banking subsidiaries also delivered exceptional performance, reinforcing its diversified investment strategy:
Access ARM Pensions posted a 65.1% year-on-year growth in PBT to ₦13.1 billion, with ROAE at 48.1% and a PBT margin of 62.5%.
Hydrogen Payments recorded a 273% surge in PBT, processing ₦41.1 trillion in transactions — more than triple the value in H1 2024.
Access Insurance Brokers achieved a 161% increase in PBT, expanding its market presence and profitability.
Oxygen X, the Group’s digital lending platform, delivered ₦2.2 billion PBT on ₦5.4 billion revenue, sustaining strong growth momentum.
Access Holdings closed the half year with total assets of ₦42.4 trillion, customer deposits of ₦22.9 trillion, loans and advances of ₦13.2 trillion, and shareholders’ equity of ₦3.8 trillion, reflecting a solid and resilient balance sheet.
The Group reaffirmed its commitment to disciplined growth, operational efficiency, and digital transformation as it executes its five-year strategic plan, positioning itself as one of Africa’s most diversified financial services groups, delivering sustainable shareholder value and inclusive economic impact.
