By Ayomide Otitoju
Access Holdings Plc has reported a 10.4% year-on-year rise in profit before tax (PBT) to ₦616 billion for the third quarter of 2025, up from ₦558 billion in the same period of 2024. Profit after tax (PAT) moderated slightly to ₦447 billion from ₦458 billion a year earlier.
Compared to its half-year performance, profitability showed strong resilience, with PBT surging by 91.9% from ₦321 billion in H1 2025 to ₦616 billion in Q3 2025. Similarly, PAT climbed 107.9% to ₦447 billion, compared to ₦215 billion recorded in H1 2025.
The Group’s total assets expanded by 25.8% to ₦52.0 trillion in Q3 2025 from ₦41.5 trillion in FY 2024, supported by a 47.0% increase in customer deposits to ₦33.1 trillion, up from ₦22.5 trillion in FY 2024. Loans and advances also rose 19.7% to ₦15.6 trillion, compared to ₦13.0 trillion in Q3 2024.
Access Holdings attributed its robust performance to its non-Nigerian subsidiaries, which accounted for over 50% of consolidated earnings, underscoring the Group’s diversification strategy and growing franchise strength across African markets.
However, the Group noted that Nigerian operations faced macroeconomic and regulatory headwinds, including inflationary pressures and currency volatility, which weighed on domestic performance.
Key profitability ratios reflected a more cautious operating environment, with return on average equity (ROAE) declining to 15.4% from 22.2% in Q3 2024, and return on average assets (ROAA) moderating to 1.3% from 1.8%. Despite this, the cost-to-income ratio (CIR) improved significantly to 54.6%, down from 60.8% a year earlier.
Looking ahead, Access Holdings reaffirmed its commitment to strengthening its franchise across markets, deepening operational resilience, and driving sustainable value creation for stakeholders.
