FCMB Group Plc has reported a strong financial performance for the year ended December 31, 2025, with profit after tax rising significantly to N177.27 billion, underscoring improved earnings momentum across its diversified business lines.
The group’s audited financial statements show that gross earnings climbed to N1.13 trillion in 2025, up from N794.43 billion recorded in the corresponding period of 2024, reflecting robust growth in interest income and non-interest revenue streams.
Profit before tax stood at N202.10 billion, compared with N111.90 billion in 2024, while profit after tax more than doubled from N73.34 billion in the prior year to N177.27 billion.
The board has proposed a final dividend of 35 kobo per ordinary share for the 2025 financial year, lower than the 55 kobo paid in 2024.
The proposed payout amounts to approximately N23.08 billion and is subject to shareholders’ approval at the upcoming annual general meeting.
A breakdown of the group’s earnings showed that interest and discount income rose sharply to over N1.0 trillion, while net interest income settled at N505.91 billion, supported by improved yields and balance sheet expansion.
Non-interest revenue also contributed meaningfully, with fee and commission income rising to N97.89 billion, although offset by higher operating expenses and impairment charges on financial assets.
Despite the strong earnings growth, the group recorded elevated impairment losses of N81.71 billion, reflecting ongoing risk management adjustments in a challenging macroeconomic environment.
On the balance sheet, total assets expanded to N7.63 trillion as of December 2025, representing a notable increase from N7.05 trillion in 2024.
Loans and advances to customers rose to N2.37 trillion, while customer deposits grew to N4.42 trillion, highlighting sustained customer confidence and funding strength.
Shareholders’ funds also improved, with total equity attributable to owners of the company rising to N835.43 billion from N688.17 billion in the previous year.
Cash flow analysis indicated strong liquidity, with net cash generated from operating activities reaching N1.68 trillion, although this was partly offset by net cash used in investing and financing activities.
The group’s earnings per share increased to N3.99 from N2.38 in 2024, reflecting enhanced profitability and value creation for shareholders.
