Access Holdings Plc has announced its audited financial results for the half year ended June 30, 2025, showing a strong and resilient performance across its banking and non-banking subsidiaries. The Group recorded a 13.8% year-on-year increase in gross earnings, rising to ₦2.5 trillion from ₦2.2 trillion in the corresponding period of 2024.
The results, released on Friday, reflect the Group’s sustained growth momentum, diversification of revenue streams, and steady progress in executing its five-year strategic plan.
According to the statement, the growth in earnings was primarily driven by a sharp rise in interest income, which increased by 38.9% to ₦2.0 trillion in H1 2025 from ₦1.5 trillion in H1 2024. Net interest income also rose significantly by 91.8%, hitting ₦984.6 billion compared to ₦513.4 billion in the same period last year.
In addition, net fees and commission income grew by 16.1% to ₦237.7 billion, up from ₦204.7 billion in H1 2024, reflecting increased transaction volumes and higher customer activity across its operations.
Access Holdings recorded a profit before tax (PBT) of ₦320.6 billion and a profit after tax (PAT) of ₦215.9 billion, underscoring the strength, profitability, and resilience of its business model across key markets in Africa and beyond.
The Group maintained a solid balance sheet position during the period under review.
- Total assets: ₦42.4 trillion
- Customer deposits: ₦22.9 trillion
- Loans and advances: ₦13.2 trillion
- Shareholders’ equity: ₦3.8 trillion
These figures highlight the company’s continued growth trajectory, strong liquidity, and well-capitalised position.
The Banking Group continued to be a major driver of the Group’s earnings.
Interest income rose by 38.7% year-on-year to ₦2.0 trillion, while net interest income climbed by 85% to ₦992.7 billion from ₦536.7 billion in the same period of 2024.
Fee and commission income also grew by 27%, reaching ₦294.9 billion in H1 2025 compared to ₦232.5 billion in H1 2024. The banking business posted a PBT of ₦303.0 billion and a PAT of ₦199.3 billion, reaffirming its resilience amid evolving macroeconomic conditions.
Subsidiaries within the Banking Group contributed 65% of total profit before tax, reflecting the Group’s expanding footprint and sustainable performance across its African and international markets.
Access Holdings’ non-banking businesses delivered impressive results across all segments:
- Access–ARM Pensions: Revenue rose by 29.9% to ₦21.0 billion, while profit before tax increased by 65.1% to ₦13.1 billion. The business achieved a Return on Average Equity (ROAE) of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, reflecting strong operational efficiency and profitability.
- Hydrogen Payments: Recorded a 40.5% growth in top-line revenue and a 273% surge in profit before tax. The total transaction value processed rose by 211%, reaching ₦41.1 trillion in H1 2025, up from ₦13.8 trillion in H1 2024.
- Access Insurance Brokers: Sustained strong growth with a 125% increase in gross written premium, a 146% rise in revenue, and a 161% increase in profit before tax.
- Oxygen X (Digital Lending Arm): Continued its growth trajectory since its launch in Q3 2024, delivering ₦5.4 billion in revenue and ₦2.2 billion in profit before tax during the first half of 2025.
Access Holdings said it remains focused on prudent growth, strategic execution, and enhancing digital and transaction-led income streams. The Group aims to deepen market penetration, expand product offerings, and leverage cross-selling opportunities across its subsidiaries.
It also reaffirmed its commitment to efficiency, innovation, risk management, and strong governance practices to ensure sustainable profitability.
“Our focus remains on building a stronger, more agile Group that delivers superior returns, fosters innovation-driven growth, and creates inclusive value across our markets,” the company stated.
The Group expressed appreciation to its shareholders, customers, and employees for their continued trust and support, pledging to deliver long-term value and reaffirm investor confidence in the strength and future of Access Holdings.
