Reports strong performance across banking, pensions, payments, and insurance subsidiaries
By LOVETH AZODO, Lagos
Access Holdings Plc has reported gross earnings of ₦2.5 trillion for the half-year ended June 30, 2025, representing a 13.8% year-on-year growth from ₦2.2 trillion recorded in the same period of 2024.
According to the Group’s audited financial results released on Thursday, the performance underscores the resilience of its diversified business model and steady progress toward achieving its five-year strategic plan.
Interest income was the major growth driver, rising by 38.9% to ₦2.0 trillion from ₦1.5 trillion in H1 2024. Net interest income also surged by 91.8% to ₦984.6 billion, compared to ₦513.4 billion a year earlier.
Fee and commission income recorded further growth, rising by 16.1% year-on-year to ₦237.7 billion from ₦204.7 billion. Profit before tax (PBT) closed at ₦320.6 billion, while profit after tax (PAT) stood at ₦215.9 billion, reflecting strong earnings momentum and operational efficiency across the Group’s markets.
Access Holdings’ balance sheet remained robust, with total assets hitting ₦42.4 trillion, customer deposits reaching ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity closing at ₦3.8 trillion.
Strong Banking and Subsidiary Performance
The Banking Group recorded solid growth during the period, with interest income rising by 38.7% to ₦2.0 trillion, while net interest income grew by 85% to ₦992.7 billion. Fee and commission income also rose by 27% to ₦294.9 billion, driven by increased transaction volumes.
Profit before tax stood at ₦303.0 billion, while profit after tax was ₦199.3 billion. Subsidiaries within the Banking Group contributed 65% of total PBT, reflecting continued progress in the Group’s pan-African and international expansion strategy.
Access Holdings’ non-banking subsidiaries also maintained strong growth momentum. Access–ARM Pensions grew revenue by 29.9% to ₦21.0 billion, while profit before tax surged 65.1% to ₦13.1 billion, delivering a robust 48.1% return on average equity and a cost-to-income ratio of 35.1%.
Hydrogen Payments, the Group’s payment subsidiary, recorded a 40.5% increase in top-line revenue and a 273% jump in profit before tax. Transaction volumes processed during the period rose by 211% to ₦41.1 trillion, up from ₦13.8 trillion in H1 2024.
Access Insurance Brokers also delivered exceptional performance, recording a 125% year-on-year increase in gross written premium, a 146% rise in revenue, and a 161% growth in profit before tax.
Oxygen X, the Group’s digital lending platform launched in Q3 2024, contributed ₦5.4 billion in revenue and ₦2.2 billion in profit before tax in H1 2025.
Outlook: Sustaining Growth and Efficiency
Access Holdings said it remains focused on deepening market penetration, expanding its product offerings, and leveraging cross-sell opportunities across subsidiaries to drive sustained growth.
The Group emphasized its commitment to prudent growth, operational efficiency, disciplined portfolio management, and the continued scaling of digital and transaction-led income streams.
“Our goal is to build a stronger, more agile Group that consistently delivers superior returns, fosters innovation-driven growth, and creates inclusive value across markets,” the company stated.
Access Holdings reaffirmed its confidence in maintaining sustainable profitability and delivering long-term value to shareholders, while appreciating the continued trust and support of its investors, customers, and employees.
“Together, we are building a stronger future,” the statement concluded.
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