Access Holdings Plc has announced a strong nine-month financial performance for the period ended September 30, 2025, recording gross earnings of ₦3.9 trillion — a 14.1% year-on-year increase from ₦3.4 trillion reported in the corresponding period of 2024.
The growth, according to a statement issued the Group’s Company Secretary, Sunday Ekwochi, was driven by solid performances across its interest income and fee-based businesses, reflecting the strength of its diversified operations spanning banking and non-banking segments.
Quarter-on-quarter, gross earnings surged by 56.2% from ₦2.5 trillion reported at half-year 2025, underscoring sustained revenue momentum across the Group.
Interest income rose 21.1% year-on-year to ₦2.9 trillion in Q3 2025 from ₦2.4 trillion in Q3 2024, while net interest income climbed 48.9% to ₦1.3 trillion from ₦845 billion in the same period. The increase was attributed to an expanded loan book, disciplined risk management, and a strategic shift toward high-yield, quality assets.
On a quarterly basis, interest income and net interest income rose by 42.1% and 27.8%, respectively, compared to half-year 2025.
Access Holdings also reported a 44.3% rise in net fee and commission income to ₦476 billion in Q3 2025, up from ₦330 billion in Q3 2024, on the back of increased transaction volumes and greater customer activity across its digital and payment channels.
Quarter-on-quarter, fee and commission income doubled by 100.8% from ₦237 billion recorded in H1 2025, reinforcing the Group’s growing strength in non-interest income streams.
However, total non-interest income dipped slightly by 8.1% to ₦872 billion from ₦984 billion in Q3 2024, even as core operating performance remained resilient.
Operating income increased by 18.8% to ₦2.13 trillion from ₦1.8 trillion a year earlier. Impairment charges on loans, however, rose sharply by 141.5% to ₦350 billion, compared to ₦145 billion in Q3 2024, reflecting a more cautious approach to credit risk management amid challenging macroeconomic conditions.
Operating expenses rose modestly by 6.7% to ₦1.2 trillion from ₦1.1 trillion in the prior year. Despite this, the cost-to-income ratio improved significantly to 54.6% in Q3 2025, from 60.8% in Q3 2024, driven by stronger revenue growth and ongoing efficiency initiatives.
Profit before tax climbed 10.4% to ₦616 billion from ₦558 billion, while profit after tax stood at ₦447 billion, compared to ₦458 billion a year ago.
When compared to half-year results, PBT surged by 91.9% from ₦321 billion in H1 2025, while PAT more than doubled — up 107.9% from ₦215 billion — reflecting strong recovery in profitability.
The Group’s total assets rose 25.8% to ₦52.0 trillion from ₦41.5 trillion at the end of 2024, buoyed by a 47% growth in customer deposits to ₦33.1 trillion from ₦22.5 trillion. Loans and advances also grew 19.7% to ₦15.6 trillion from ₦13.0 trillion year-on-year.
Access Holdings said its non-Nigerian subsidiaries remained key growth drivers, contributing more than half of consolidated earnings during the period. These offshore operations continued to record impressive performances, mitigating the impact of weaker results from the Nigerian market, which was weighed down by inflationary and regulatory headwinds.
Return on average equity (ROAE) stood at 15.4%, down from 22.2% in the prior year, while return on average assets (ROAA) moderated to 1.3% from 1.8%.
Despite a tougher macroeconomic landscape, the Group said it remains focused on deepening its franchise across Africa, enhancing operational resilience, and delivering sustainable value for shareholders.
“We are committed to unlocking revenue synergies, strengthening cross-border collaboration, and sustaining profitability across all markets,” the statement added.
