Africa Prudential Plc has launched its unaudited outcomes for the third quarter ended September 30, 2025, reporting a pre-tax revenue of N1.043 billion, representing a 24% year-on-year (YoY) enhance.
For the nine-month interval, pre-tax revenue climbed to N3 billion, up 54% in comparison with the identical interval in 2024.
The corporate’s gross earnings grew by 29.7% YoY to N1.863 billion in Q3, pushing the nine-month gross earnings to N5.208 billion, up 49% YoY.
A better have a look at the unaudited financials exhibits that curiosity revenue continues to drive efficiency, rising 31% in Q3 to N1.355 billion and accounting for about 73% of gross earnings.
This robust curiosity revenue aligns with Africa Prudential’s stability sheet construction, which is closely skewed towards interest-bearing property.
Rising working bills
Whereas interest-driven income development stays robust, working bills elevated sooner than gross earnings, rising 37% to N751 million in Q3 and consuming 42% of web working revenue.
This implies {that a} bigger portion of revenue is being spent on operations, decreasing the effectivity of changing earnings into revenue.
For buyers, it is a key space to observe—if price development continues to outpace income, it might strain future margins regardless of strong curiosity revenue development.
Sturdy margins offset rising prices
Regardless of larger bills, Africa Prudential maintained sturdy profitability in Q3 2025. The corporate incurred no finance price, and its margins remained wholesome:
- Working margin: 56%
- Pre-tax margin: 56%
- Revenue margin (PAT): 38%
This highlights the corporate’s operational effectivity and skill to maintain robust bottom-line efficiency even within the face of rising prices.
Key highlights (Q3 2025 vs Q3 2024)
- Gross earnings: N1.863 billion (+29.72% YoY)
- Curiosity revenue: N1.355 billion (+31.34% YoY)
- Internet working revenue: N1.794 billion (+29.26% YoY)
- Working bills: N751 million (+36.86% YoY)
- Working revenue: N1.043 billion (+24.29% YoY)
- Revenue after tax: N709 million (+24.29% YoY)
- Earnings per share (EPS): N0.18 (-37.93% YoY)
- Buyer deposits: N26.595 billion (+27.77% YoY)
- Complete property: N41.925 billion (+20.32% YoY)
- Shareholders’ funds: N11.660 billion (+7.59% YoY)
Steadiness sheet
Africa Prudential’s stability sheet stays firmly anchored in interest-generating property, reflecting its conservative however income-focused funding method.
As of September 2025, the corporate’s complete property stood at N41.9 billion, with a big portion of N32.7 billion, or about 79% held in debt devices measured at amortized price.
Most of those are deposits with banks with maturities above 90 days (N3.124 billion), which proceed to ship the majority of the agency’s curiosity revenue.
In distinction, Treasury Payments contributed little, with a modest stability of N533.4 million, highlighting the corporate’s choice for higher-yielding bank placements over low-return authorities securities.
In the meantime, shareholders’ funds stood at N1.66 billion, accounting for 28% of complete property. This construction highlights Africa Prudential’s measured funding technique balancing fairness power with regular, interest-earning liabilities to drive constant returns.
Share worth efficiency
Africa Prudential shares as of October 2025 had been costs at N14 per share reflecting a YTD lack of 31.87%.
This contrasts sharply with the 178% YtD acquire recorded throughout the identical interval final 12 months.