Access Holdings posts ₦2.5trn gross earnings in H1 2025

Access Holdings Plc has announced its half-year audited financial results for the period ended June 30, 2025, reporting ₦2.5 trillion in gross earnings — a 13.8% increase from ₦2.2 trillion recorded in the corresponding period of 2024.

In a statement signed by the Company Secretary, Sunday Ekwochi, the Group attributed the strong performance to its diversified business model, strategic expansion, and disciplined execution of its five-year growth plan.

According to the report, interest income surged by 38.9% year-on-year to ₦2.0 trillion, while net interest income nearly doubled to ₦984.6 billion, up from ₦513.4 billion in H1 2024. Similarly, net fees and commission income grew by 16.1% to ₦237.7 billion.

Access Holdings recorded a profit before tax (PBT) of ₦320.6 billion and a profit after tax (PAT) of ₦215.9 billion, reflecting the Group’s operational strength and sustained profitability across its markets.

Key balance sheet indicators remained robust, with total assets standing at ₦42.4 trillion, customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion.

The banking group maintained strong performance, generating ₦2.0 trillion in interest income, ₦992.7 billion in net interest income, and ₦294.9 billion in fee and commission income.

Profit before tax for the banking arm stood at ₦303.0 billion, while profit after tax was ₦199.3 billion. Subsidiaries contributed 65% to the banking group’s total PBT.

The Group’s non-banking subsidiaries also delivered impressive results.

Access-ARM Pensions reported a 29.9% rise in revenue to ₦21.0 billion and a 65.1% increase in PBT to ₦13.1 billion, with a return on average equity (ROAE) of 48.1%.

Hydrogen Payments posted a 40.5% growth in revenue and a 273% surge in PBT, processing transactions valued at ₦41.1 trillion, up 211% from H1 2024.

Access Insurance Brokers achieved a 125% increase in gross written premium and a 161% jump in PBT, while Oxygen X, the Group’s digital lending arm, generated ₦5.4 billion in revenue and ₦2.2 billion in PBT during the period.

Access Holdings said it remains focused on scaling digital and transaction-led income streams, enhancing operational efficiency, and deepening revenue diversification across all subsidiaries.

The Group reaffirmed its commitment to strong governance, risk management, and innovation-driven growth to deliver long-term value to shareholders and strengthen its position across African and international markets.