Access Holdings Plc has released its audited financial results for the half-year ended June 30, 2025, reflecting strong performance across its banking and non-banking subsidiaries. The results underscore the Group’s resilience and effective execution of its ongoing five-year strategic plan.
According to the report, the Group recorded ₦2.5 trillion in gross earnings, a 13.8% increase from ₦2.2 trillion in the same period of 2024. The growth was primarily driven by a 38.9% rise in interest income, which climbed to ₦2.0 trillion from ₦1.5 trillion. Net interest income also surged 91.8% year-on-year, reaching ₦984.6 billion compared to ₦513.4 billion in H1 2024.
Fee and commission income grew by 16.1% to ₦237.7 billion, reflecting increased transactional activity across the Group’s operations. Profit before tax stood at ₦320.6 billion, while profit after tax rose to ₦215.9 billion, highlighting a robust overall performance.
The Group’s total assets closed at ₦42.4 trillion, customer deposits stood at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion, underscoring a strong balance sheet position.
The banking division remained a key growth driver, posting a 38.7% increase in interest income to ₦2.0 trillion and a 27% rise in fee and commission income to ₦294.9 billion. Net interest income rose 85% to ₦992.7 billion, while profit before and after tax stood at ₦303 billion and ₦199.3 billion, respectively. Subsidiaries across Africa and international markets contributed 65% of the division’s profit before tax, reflecting the success of Access Holdings’ regional expansion strategy.
The Group’s non-banking subsidiaries also performed strongly. Access-ARM Pensions reported a 29.9% revenue increase to ₦21 billion and a 65.1% rise in profit before tax to ₦13.1 billion, with a return on average equity of 48.1%. Hydrogen Payments recorded a 40.5% revenue growth and a 273% jump in profit before tax, processing transactions worth ₦41.1 trillion — a 211% increase year-on-year. Access Insurance Brokers achieved 125% growth in gross written premium, 146% in revenue, and 161% in profit before tax, while Oxygen X, the Group’s digital lending arm, generated ₦5.4 billion in revenue and ₦2.2 billion in profit before tax.
Access Holdings reaffirmed its commitment to prudent growth, innovation, and diversification, noting that its businesses are “well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities to drive continued growth and profitability.”
The Group expressed appreciation to its shareholders, customers, and employees for their continued trust and support as it aims to deliver superior returns and strengthen its position as a leading financial services group in Africa.
