FCMB Group Plc has announced a substantial financial performance for the year ended 31 December 2025, with profit before tax soaring to N202.100 billion. This marks an impressive 80.61% year-on-year increase from the N111.895 billion recorded in 2024.
The growth was primarily driven by a sharp expansion in interest income and net interest income. Profit after tax saw a significant rise to N177.271 billion, up from N73.337 billion in the previous year. Gross earnings also climbed by 42.46% to N1.132 trillion.
In line with its strong performance, the Board of Directors has recommended a dividend of 35 kobo per share, which totals N23.08 billion, subject to shareholder approval at the Annual General Meeting.
Key financial highlights for FY 2025 compared to FY 2024 include: gross earnings of N1.132 trillion (up 42.46% YoY), interest income of N1.005 trillion (up 61.68% YoY), and net interest income of N505.907 billion (up 124.55% YoY). Net impairment losses increased to N81.707 billion (up 98.12% YoY), while net fee and commission income rose to N76.651 billion (up 30.37% YoY). Operating profit stood at N200.913 billion (up 79.19% YoY), and earnings per share grew to N3.99 from N2.38.
The bank's balance sheet also expanded, with total assets reaching N7.631 trillion, an 8.18% increase year-on-year. Customer deposits grew to N4.419 trillion (up 2.84% YoY), and shareholders' funds increased to N835.430 billion (up 21.40% YoY).
The strong bottom-line performance was underpinned by a record interest income, which crossed the trillion-naira mark for the first time, accounting for nearly 89% of the group’s gross earnings. Loans and advances to customers remained the largest contributor to interest income, generating N611.63 billion, despite a decline in its percentage contribution.
Notably, income from cash and cash equivalents surged to N145.33 billion from N12.80 billion in 2024, significantly boosting its contribution to total interest income. Investment securities also played a crucial role, with income from amortized cost and FVOCI securities contributing N248.37 billion combined.
Interest expenses rose to N499.42 billion from N396.50 billion, but the growth in interest income significantly outpaced this increase, leading to a 124.55% surge in net interest income to N505.91 billion.
Net fee and commission income also showed strength, increasing to N76.65 billion from N58.80 billion, supported by a 31.74% rise in fee and commission income.
