Access Holdings Profit Falls by 23% to N215.916bn in H1-2025
Access Holdings Plc, a diversified financial services group headquartered in Lagos, saw its profit after tax decline by over 23% year-on-year to N215 billion in the first half of the 2025 financial year, according to audited financial statements.
The group’s underwhelming financial performance plunged its return on average equity down by 11% year on year to 11.4%, while return on average assets fell to 1% from 2% in the equivalent period.
Access Holdings bottom line was significantly impacted by a steep surge in impairment charges on bad loans and sharp moderation in its income from other sources.
According to the audited report, gross earnings increased by 13.8% year on year to N2.498 trillion from N2.195 trillion in the equivalent period in 2024.
Net interest income expanded by 91.8% year on year to N984.632 billion, reflecting high interest rate environment in its key African markets in the period.
As a result of weak asset quality and move to exit the Central Bank of Nigeria (CBN) forbearance restriction, Access Holdings Plc.’s impairment charges surged by 87.84% to N230.070 billion from N122.738 billion in the comparable period in 2024.
Net fees and commission income rose by 16.1% to N237.638 billion in the first half of 2025, from N204.709 billion 12 months earlier.
The group also recorded significant reduction in its other income line, down by 71% year on year to N137.132 billion from N472.660 billion in the equivalent period in 2024.
Pretax profit declined by 8.1% to N320.574 billion from N348.922 billion. A higher effective tax plunged the net income down to N215.916 billion at the end of first half of 2025 from N281.327 billion.
In its outlook statement, Access Holdings Plc said its focus remains on driving prudent growth and continued execution of our strategic priorities, scaling our digital and transaction-led income streams, increasing revenue diversification, and embedding efficiency, innovation, and disciplined portfolio management across all areas of the business.
“We will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability. We remain confident that we will continue to deliver sustainable value and returns to our shareholders.
“Our 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 our markets while reaffirming investor confidence in the strength and future of Access Holdings”. Aradel to Acquire 40.0% Equity Interest in ND Western Limited
