Access Holdings Plc has announced its audited financial results for the half year ended June 30, 2025, reporting a strong performance that underscores the resilience of its business model and continued progress in executing its five-year strategic plan.
The Group’s gross earnings rose by 13.8% year-on-year to ₦2.5 trillion in H1 2025, compared to ₦2.2 trillion in the corresponding period of 2024. This growth was largely driven by a 38.9% increase in interest income to ₦2.0 trillion from ₦1.5 trillion in H1 2024.
Net interest income surged by 91.8%, reaching ₦984.6 billion in H1 2025, up from ₦513.4 billion in H1 2024. Similarly, net fees and commission income grew by 16.1% to ₦237.7 billion, reflecting improved transactional activities and diversified income streams.
Profit before tax (PBT) stood at ₦320.6 billion, while profit after tax (PAT) closed at ₦215.9 billion, highlighting the Group’s operational strength and efficiency.
Key balance sheet indicators also remained robust, with total assets hitting ₦42.4 trillion, customer deposits ₦22.9 trillion, loans and advances ₦13.2 trillion, and shareholders’ equity ₦3.8 trillion.
The Banking Group maintained solid performance, with interest income rising by 38.7% to ₦2.0 trillion, while net interest income jumped by 85% to ₦992.7 billion. Fee and commission income advanced by 27% to ₦294.9 billion, driven by higher transaction volumes. Profit before tax and profit after tax stood at ₦303.0 billion and ₦199.3 billion, respectively.
Subsidiaries across Africa and international markets contributed 65% of the Banking Group’s PBT, reflecting continued success in expanding market reach and sustaining profitability.
The Group’s non-banking subsidiaries also posted impressive growth:
Access–ARM Pensions: Revenue grew 29.9% to ₦21.0 billion, while PBT rose 65.1% to ₦13.1 billion, achieving a 48.1% ROAE and maintaining strong cost efficiency.
Hydrogen Payments: Revenue climbed 40.5%, with PBT soaring 273% year-on-year. Transaction value processed surged 211% to ₦41.1 trillion.
Access Insurance Brokers: Delivered a 125% rise in gross written premium, 146% increase in revenue, and 161% jump in PBT.
Oxygen X, the Group’s digital lending subsidiary, generated ₦5.4 billion in revenue and ₦2.2 billion in PBT in just its first full half-year of operation.
Access Holdings reaffirmed its commitment to driving prudent growth, enhancing digital and transaction-led income streams, and maintaining sound governance and risk management practices.
According to the Group, it remains focused on building a stronger and more agile organisation that consistently delivers sustainable returns, fosters innovation, and deepens financial inclusion across its markets.
“Access Holdings remains confident in its ability to continue delivering long-term value to shareholders while reinforcing investor confidence in the Group’s future,” the statement added.
-Sunday Ekwochi
Cmpany Secretary
