Access Holdings Plc has finally released its half-year (H1) audited financial results for the period ended June 30, 2025.
The results at the Nigerian Exchange Limited (NGX) show that profit before tax (PBT) of N320.574billion in H1 2025 as against N348.922 billion in H1 2024, represents a decrease by 8.1 percent.
Also, its profit after tax (PAT) of N215.916billion in H1 2025 as against N281.327billion in H1 2024 decreased by 23.3 percent.
Meanwhile, the Group’s gross earnings increased by 13.8 percent year-on-year to N2.5 trillion in H1 2025 from N2.2 trillion in H1 2024, driven by strong growth in interest income which increased by 38.9 percent year-on-year to N2 trillion from N1.5 billion in H1 2024.
In the review period, its return on average equity (ROAE) of 11.4 percent in H1 2025 from 22.4 percent in H1 2024 represents percentage decrease of 11 percent.
Net interest income also increased by 91.8 percent year-on-year to N984.6 billion in H1 2025 from N513.4 billion in H1 2024.
Complementing this performance was a growth in net fees and commission income, which increased by 16.1 percent year-on-year to N237.7billion in H1 2025 from N204.7 billion in H1 2024.
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Key balance sheet indicators remain strong with total assets, customer deposits, loans and advances, and shareholders’ equity closing at N42.4 trillion, N22.9 trillion, N13.2 trillion N3.8 trillion respectively.
The banking group demonstrated resilient performance in H1 2025. Interest income grew by 38.7 percent year-on-year to N2 trillion in H1 2025 from N1.5 trillion in H1 2024. Net interest income increased by 85 percent, from N536.7 billion in H1 2024 to N992.7 billion in H1 2025. Fee and commission income increased by 27 percent to N294.9 in H1 2025 from N232.5 billion in H1 2024 driven by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at N303 billion and N199.3 billion respectively.
Banking group subsidiaries contributed 65 percent 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.
The Group’s non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9 percent to N21billion and profit before tax up 65.1 percent to N13.1 billion. The business delivered a solid ROAE of 48.1 percent, a cost-to-income ratio of 35.1 percent, and a PBT margin of 62.5 percent, underscoring strong operational efficiency and profitability.
Hydrogen Payments recorded a 40.5 percent growth in top-line revenue compared to H1 2024. Profit before tax (PBT) grew by 273 percent year-on-year. The total transaction value processed increased by 211 percent, reaching N41.1 trillion in H1 2025, up from N13.8 trillion in H1 2024.
Access Insurance Brokers has sustained strong momentum, recording a 125 percent year-on-year increase in gross written premium, 146 percent growth in revenue, and a 161 percent improvement in profit before tax (PBT).
Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering N5.4 billion in revenue and N2.2 billion in profit before tax in H1 2025.