Access Holdings posts ₦3.9trn gross earnings in nine months

Access Holdings Plc has reported gross earnings of ₦3.9 trillion for the nine months ended September 30, 2025, representing a 14.1 percent year-on-year increase from ₦3.4 trillion recorded in the same period of 2024.

The Group disclosed this in its Q3 2025 financial statement released on Thursday, attributing the growth to sustained gains in interest income, fees, and commissions, supported by improved performance across its banking and non-banking subsidiaries.

According to the report, gross earnings also surged by 56.2 percent quarter-on-quarter from ₦2.5 trillion recorded at the end of the first half of 2025.

Interest income rose by 21.1 percent year-on-year to ₦2.9 trillion, while net interest income jumped by 48.9 percent to ₦1.3 trillion, driven by loan growth and a strategic focus on high-quality, yield-enhancing assets.

Net fees and commission income increased by 44.3 percent to ₦476 billion from ₦330 billion in Q3 2024, reflecting higher transaction volumes and greater customer activity across digital and payment platforms.

Operating income climbed by 18.8 percent to ₦2.13 trillion, while the Group’s cost-to-income ratio improved to 54.6 percent from 60.8 percent a year earlier, showing improved cost efficiency.

Profit before tax (PBT) grew by 10.4 percent to ₦616 billion, compared to ₦558 billion in Q3 2024. Profit after tax, however, moderated slightly to ₦447 billion from ₦458 billion.

On a quarter-on-quarter basis, PBT surged 91.9 percent from ₦321 billion in H1 2025, while PAT jumped 107.9 percent from ₦215 billion.

Access Holdings’ total assets rose by 25.8 percent to ₦52 trillion from ₦41.5 trillion at the end of 2024, supported by a 47 percent growth in customer deposits to ₦33.1 trillion and a 19.7 percent rise in loans and advances to ₦15.6 trillion.

The Group said its non-Nigerian subsidiaries accounted for over 50 percent of total earnings, underscoring the benefits of its diversified structure across African markets.

However, its Nigerian operations were impacted by inflationary pressures and regulatory adjustments.

Return on average equity (ROAE) stood at 15.4 percent, down from 22.2 percent a year earlier, while return on average assets (ROAA) moderated to 1.3 percent from 1.8 percent.

Access Holdings reaffirmed its commitment to strengthening its franchise across markets, deepening operational resilience, and sustaining value creation for shareholders.

The statement was signed by the Company Secretary, Sunday Ekwochi.