FCMB Group Plc has released its earnings forecast for the fourth quarter ending December 31, 2025, projecting a profit after tax of ₦58.82 billion.
The forecast reflects continued strength in interest income, transaction commissions, and securities trading gains, positioning the Group for a solid year-end performance.
According to the projection, gross earnings are expected to reach ₦265.20 billion, supported by interest income of ₦231.84 billion. After accounting for interest expenses of ₦116.08 billion, net interest income is forecast at ₦115.76 billion.
Additional income streams include ₦3.72 billion in foreign exchange earnings, ₦4.38 billion from securities trading, ₦1.17 billion in contingent income, ₦20.43 billion in transaction commissions, and ₦3.67 billion from other income sources. This will bring total net operating income to ₦149.12 billion.
Loan losses are projected at ₦14.12 billion, while operating expenses are expected to reach ₦69.13 billion.
Profit before taxation is forecast at ₦65.87 billion with taxation of ₦7.05 billion, resulting in a profit after taxation of ₦58.82 billion for the quarter.
Cashflow Forecast
The Group expects robust liquidity, with cashflow projections indicating strong operations and investment activity:
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Operating cashflow before working capital changes: ₦113.79 billion
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Net cash generated from operating activities: ₦109.08 billion
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Net cashflow from financing activities: -₦1.82 billion
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Net cashflow from investing activities: ₦71.32 billion
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Net increase in cash and cash equivalents: ₦178.57 billion
With these movements, FCMB projects a closing cash balance of ₦852.91 billion for the quarter, compared with an opening balance of ₦674.34 billion.
Management noted that the figures remain estimates since the preceding quarter has not been fully closed.
However, the forecast underscores FCMB Group’s resilience, underpinned by stable interest income, fee-based earnings, and disciplined cost management.