By Ayomide Otitoju
Access Holdings Plc has announced gross earnings of ₦2.5 trillion for the half-year ended June 30, 2025 — a 13.8% increase from ₦2.2 trillion recorded in the same period of 2024.
According to the Group’s audited financial results released on Friday, the performance reflects the strength of its diversified business model, resilience of its operations, and consistent execution of its five-year strategic growth plan.
Interest income rose by 38.9% year-on-year to ₦2.0 trillion, while net interest income nearly doubled by 91.8% to ₦984.6 billion from ₦513.4 billion in H1 2024. Net fees and commission income also grew by 16.1% to ₦237.7 billion.
Profit before tax stood at ₦320.6 billion, while profit after tax closed at ₦215.9 billion, underscoring strong performance across the Group’s core and emerging business segments.
Access Holdings’ balance sheet remained robust, with total assets reaching ₦42.4 trillion, customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity closing at ₦3.8 trillion.
The banking division maintained a dominant contribution, recording profit before tax of ₦303 billion and profit after tax of ₦199.3 billion. Interest income increased by 38.7% to ₦2.0 trillion, while net interest income grew by 85% to ₦992.7 billion. Fee and commission income rose 27% to ₦294.9 billion, driven by higher transaction volumes.
The Group’s non-banking subsidiaries also delivered notable growth. Access ARM Pensions posted a 29.9% revenue increase to ₦21.0 billion and a 65.1% rise in profit before tax to ₦13.1 billion, achieving a 48.1% return on average equity. Hydrogen Payments recorded a 40.5% growth in revenue and a 273% surge in profit before tax, processing ₦41.1 trillion in transactions during the period.
Access Insurance Brokers achieved a 125% increase in gross written premium, a 146% rise in revenue, and a 161% growth in profit before tax. Oxygen X, the Group’s digital lending subsidiary launched in Q3 2024, generated ₦5.4 billion in revenue and ₦2.2 billion in profit before tax.
The Group reaffirmed its commitment to deepening market penetration, expanding digital and transaction-led income streams, and maintaining disciplined portfolio management to sustain long-term profitability.
