Access Holdings PLC has announced gross earnings of N3.9 trillion for its nine-month ended September 30, 2025, representing a rise by 14.1 per cent year-on-year over N3.4 trillion when compared to the same period in 2024.
The Company’s Secretary, Sunday Ekwochi, said in a statement that this performance was driven by sustained growth in both interest and fees and commission, reflecting the strength of the Group’s diversified earnings base and improved performance from core operations across its banking and non-banking businesses.
Ekwochi also disclosed that gross earnings of the company rose by 56.2 per cent quarter-on-quarter from N2.5 trillion as at Half Year, H1, 2025.
According to him, interest income rose by 21.1 per cent year-on-year to N2.9 trillion in Q3 2025, compared to N2.4 trillion in Q3 2024. Net interest income also increased by 48.9 per cent to N1.3 trillion from N845 billion in the same period.
He noted that this performance was driven by loan book expansion, reflecting our disciplined risk management approach and a strategic focus towards higher-yielding, quality assets to strengthen portfolio returns.
On a quarter-on-quarter basis, he announced that interest income and net interest income grew by 42.1 per cent and 27.8 per cent respectively, from N2.0 trillion and N984 billion in H1 2025.
“There was 44.3% growth in net fee and commission to N476billion in Q3 2025 from N330billion in Q3 2024, reflecting higher transaction volumes and increased customer activity across digital and payment channels across both periods.
“On a quarter-on-quarter basis, net fee and commission income also increased by 100.8% from N237billion in H1 2025.
“While total non-interest income declined marginally by 8.1% to ₦872 billion in Q3 2025 from ₦984trillion in Q3 2024, the Group’s growth momentum from core operations continues to support overall earnings trajectory.
“Operating income rose 18.8% to ₦2.13 trillion in Q3 2025 from ₦1.8trillion in Q3 2024. Impairment on loans increased by 141.5% to N350billion as of Q3 2025 from N145billion in Q3 2024.
“Operating expenses increased marginally by 6.7% in Q3 2025 to N1.2trillion from N1.1trillion in Q3 2024. The cost-to-income ratio (CIR) improved to 54.6% in Q3 2025 from 60.8% as at Q3 2024, as revenue growth outpaced operating expenses. We expect cost-to-income ratio to stay moderated from ongoing efficiency initiatives, cost optimization measures, and stronger revenue across the Group,” the statement read.
Ekwochi said the Profit before tax, PBT, increased by 10.4 per cent to N616 billion in Q3 2025 from N558 billion in Q3 2024, adding that profit after tax moderated to N447 billion in Q3 2025 from N458 billion in Q3 2024.
“The Group’s strong performance was largely driven by its non-Nigerian subsidiaries, which together contributed over 50% of consolidated results. These subsidiaries continued to deliver strong growth across key metrics, reflecting the benefits of diversification and deepening franchise strength across our African markets.”
