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By Chukwuma Umeorah
Access Holdings Plc (“the Group” or “the Company”), on Friday, announced its half-year audited financial results for the period ended June 30, 2025.
The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan.
Gross earnings increased by 13.8 per cent year-on-year to N2.5 trillion in H1 2025 from N2.2 trillion in H1 2024, driven by strong growth in interest income which increased by 38.9 per cent year-on-year to N2.0 trillion from N1.5 billion in H1 2024.
Net interest income also increased by 91.8 per cent year-on-year to N984.6 billion in H1 2025 from N513.4 billion in H1 2024.
Complementing this performance was a growth in net fees and commission income, which increased by 16.1 per cent year-on-year to N237.7billion in H1 2025 from N204.7 billion in H1 2024.
Profit before tax (PBT) and profit after tax (PAT) closed at N320.6 billion and N215.9 billion respectively underscoring the strength and resilience of our business model in the markets we operate in.
Key balance sheet indicators remain strong with total assets, customer deposits, loans and advances, and shareholders’ equity closing at N42.4 trillion, N22.9 trillion, N13.2 trillion N3.8 trillion respectively.
The Banking group demonstrated resilient performance in H1 2025. Interest income grew by 38.7 per cent year-on-year to N2.0 trillion in H1 2025 from N1.5 trillion in H1 2024. Net interest income increased by 85 per cent, from N536.7 billion in H1 2024 to N992.7 billion in H1 2025. Fee and commission income increased by 27 per cent to N294.9 in H1 2025 from N232.5 billion in H1 2024 driven by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at N303.0 billion and N199.3 billion respectively.
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Banking group subsidiaries contributed 65 per cent to the Banking group’s profit before tax (PBT) in H1 2025. This result highlights our journey towards sustainable performance and execution across our key African and international markets.
The Group’s non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9 per cent to N21.0 billion and profit before tax up 65.1 per cent to N13.1 billion. The business delivered a solid ROAE of 48.1 per cent, a cost-to-income ratio of 35.1 per cent, and a PBT margin of 62.5 per cent, underscoring strong operational efficiency and profitability.
Hydrogen Payments recorded a 40.5 per cent growth in top-line revenue compared to H1
2024. Profit before tax (PBT) grew by 273 per cent year-on-year. The total transaction value processed increased by 211 per cent, reaching N41.1 trillion in H1 2025, up from N13.8 trillion in H1 2024.
Access Insurance Brokers has sustained strong momentum, recording a 125 per cent year-on-year increase in gross written premium, 146 per cent growth in revenue, and a 161 per cent improvement in profit before tax (PBT).
Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering N5.4 billion in revenue and N2.2 billion in profit before tax in H1 2025.
Access Holdings’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the Group to drive continued growth and profitability.
The group’s focus remains on driving prudent growth and continued execution of its strategic priorities, scaling its digital and transaction-led income streams, increasing revenue diversification, embedding efficiency, innovation, and disciplined portfolio management across all areas of the business. It will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability.
Access Holdings remains confident that it will continue to deliver sustainable value and returns to its shareholders. Its long-term objective is to build a stronger, more agile Group that consistently delivers superior returns, fosters innovation-driven growth, and optimises portfolio performance to create inclusive value across its markets while reaffirming investor confidence in the strength and future of Access Holdings.
The Group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future.
