Investors Value Access Holdings 54.375bn Outstanding Shares at N1.47trn
Investors priced Access Holdings Plc’s 54.375 billion outstanding shares at N1.473 trillion on Wednesday as sell pressure widened the financial services company’s losses.
Access Bank’s non-operating holding company, Nigeria’s largest by total assets, was worth less than its shareholders’ funds, totalling N4.5 trillion at the end of Sept. 2026.
Unstable dividend payments and policy keep return-seeking investors from holding Access Holdings shares, dragging on share price movement.
The bank share price is now a quarter below its 52-week high amid moderating trading activity on the Nigerian Exchange. A somewhat better-than-peers earnings performance failed to spur Access Holdings repricing; instead, the group’s valuation dipped.
In its earnings release, Access Group reported that profit before tax rose 8.3% to ₦667.4 billion, while Profit After Tax rose 5.9% to ₦474.2 billion.
Core income growth and a significant reduction in impairment charges drove the earnings scorecard. Impairment charges fell 73.5% to ₦92.9 billion, boosting net interest income after impairment to ₦1.20 trillion, a 32.1% increase.
The financial services company’s net fee and commission income rose 12.4% to ₦534.9 billion, while core operating income grew 5.4% to ₦1.83 trillion in the period.
With shareholders’ funds at N4.5 trillion, investors buying Access shares pay less for the value of the group’s net assets. #Investors Value Access Holdings 54.375bn Outstanding Shares at N1.47trn# Access Holdings Slips, Investors React Negatively to Earnings
