FCMB Bolsters Earnings, Net Profit Grows by 52% to N125bn
FCMB Plc profit grew by 52% year on year to N125.4 billion at the end of the 9-month period in financial year 2025, detailed from its unaudited financial statement released on Friday.
Its unaudited results showed that the group’s gross revenue reached N828.1 billion for the period ended September 2025, a 40.9% year-on-year growth from N587.7 billion posted in the equivalent period in 2024.
The top-line performance was driven by a 64.7% growth in interest income, FCMB said in its earnings release on Friday. According to the financial scorecard, non-interest income declined by 33.8%, driven by a N54.6 billion Year-on-Year decline in currency revaluation gains.
“Our digital business comprising Lending, Payments, and Wealth continued to record strong growth across revenue lines, transaction volumes and transaction value with digital now contributing 13.7% to gross earnings”, FCMB said.
This resulted in a 54% Year-on-Year growth in digital revenues from N73.6 billion as at September 2024 to N113.6 billion for the period ended September 2025 with lending contributing 74.4%, Payment 23.0% and Wealth 2.6%.
The group reported that net interest income grew by 101.9% from N173.8 billion in the prior year, to N350.8 billion at the end of September 2025. The yield on earning assets improved to 21.1%, resulting in a growth in Net Interest Margin to10.1% for 9M 2025 from 6.3% as at FY 2024.
The group’s operating expenses grew by 41.3% Year-on-Year to N238.9 billion for the period ended September 2025, with over 70% of the cost growth due to increased personnel costs, regulatory costs (AMCON & NDIC), technology costs, and investments in business expansion.
Reflecting efficient and deliberate effort to tame cost, FCMB Group revealed that its cost-to-income ratio improved to 55.5% for the period ended September 2025 from 59.9% recorded for financial year 2024.
Net impairment loss on financial assets grew by 28.6% YoY to N57.1 billion for the period ended September 2025 as the Nigerian Banking subsidiary exited the CBN loan forbearance, which resulted in a growth in cost of risk to 2.8% from 1.8% recorded for FY 2024.
FCMB profit before tax expenses increased by 46% to N134.50 billion at the end of the period, while net profit settled at N125.4 billion, up by 52% year on year. # FCMB Bolsters Earnings, Net Profit Grows by 52% to N125bn Transcorp Hotels Navigates Sharp Price Correction, Slumps by 10%
