Access Holdings Plc has announced its unaudited financial results for the nine months ended September 30, 2025, posting strong top-line growth and a resilient performance across its diversified operations despite macroeconomic challenges.
The Group’s gross earnings rose 14.1% year-on-year to ₦3.9 trillion, up from ₦3.4 trillion recorded in the same period of 2024, driven by higher interest income, increased fee-based revenue, and improved contribution from non-Nigerian subsidiaries.
Strong Growth in Core Banking Operations
Interest income surged 21.1% to ₦2.9 trillion, reflecting improved yields and expansion in the loan portfolio. Net interest income grew by 48.9% to ₦1.26 trillion, compared to ₦845 billion in 2024, supported by disciplined risk management and stronger asset quality across key markets.
Net fee and commission income advanced 44.3% to ₦476 billion, up from ₦330 billion in the same period last year.
The growth was attributed to increased customer activity, higher transaction volumes, and stronger digital and payment revenues across the Group’s regional network.
While other income declined 35.9% to ₦396 billion, overall operating income increased by 18.8% to ₦2.13 trillion compared to ₦1.8 trillion in the corresponding period of 2024.
Profitability and Cost Efficiency
Access Holdings maintained profitability despite inflationary pressures and higher impairment provisions. Profit before tax (PBT) rose 10.4% to ₦616 billion, up from ₦558 billion in 2024, while profit after tax (PAT) moderated slightly by 2.2% to ₦448 billion, compared to ₦458 billion a year earlier.
Quarter-on-quarter, the Group demonstrated substantial improvement, with PBT up 91.9% from ₦321 billion as of H1 2025, and PAT increasing 107.9% from ₦215 billion.
Impairment charges rose to ₦350 billion, up 141.5% from ₦145 billion in 2024, reflecting prudent provisioning in response to macroeconomic headwinds.
Operating expenses increased marginally by 6.7% to ₦1.16 trillion, while the cost-to-income ratio improved to 54.6% from 60.8%, underscoring the Group’s focus on efficiency and cost optimization.
Balance Sheet Strength
Access Holdings reported balance-sheet growth during the review period. Total assets increased by 25.8% to ₦52.2 trillion, up from ₦41.5 trillion as of December 2024, driven by strong growth in customer deposits and loan expansion.
Customer deposits rose 47.0% to ₦33.1 trillion, compared to ₦22.5 trillion at year-end 2024, while loans and advances increased 19.7% to ₦15.6 trillion.
Shareholders’ funds stood at ₦3.99 trillion, up 6.4% from ₦3.76 trillion in December 2024, reinforcing Access Holdings’ robust capital position.
Subsidiary Contribution and Market Diversification
The Group’s strong performance was primarily supported by its non-Nigerian subsidiaries, which contributed more than 50% of consolidated results during the period.
The international operations benefited from expanding market share, increasing transaction volumes, and improved cost management, mitigating the weaker performance in the Nigerian market caused by inflationary pressure and regulatory adjustments.
This performance highlights Access Holdings’ strategic diversification and its ability to deliver earnings stability through its pan-African and international network.
Key Ratios
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Return on Average Equity (ROAE): 15.4% (Q3 2024: 22.2%)
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Return on Average Assets (ROAA): 1.3% (Q3 2024: 1.8%)
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Cost-to-Income Ratio (CIR): 54.6% (Q3 2024: 60.8%)
Outlook
Access Holdings said it remains committed to building a resilient and inclusive financial ecosystem anchored on innovation, prudent portfolio management, and sustainable growth.
“Looking ahead, we will continue to strengthen our franchise across all our markets, deepen operational resilience, and create sustainable value for all our stakeholders,” the Group stated.
The company reaffirmed its focus on driving cost efficiencies, enhancing digital transformation, and unlocking revenue synergies across its subsidiaries to sustain long-term profitability.