Hydrogen, the fintech subsidiary of Entry Holdings, has posted a revenue earlier than tax of N966 million for the half-year 2025, a staggering 306% enhance in comparison with N238 million in the identical interval final yr.
The corporate’s working earnings surged to N4.1 billion in June 2025, up from N3.1 billion in June 2024, reflecting strong progress in its digital monetary providers and increasing customer base.
Working bills rose reasonably to N3.2 billion, in comparison with N2.9 billion within the earlier yr, indicating strategic investments in infrastructure and innovation.
Key highlights
The year-on-year comparability highlights Hydrogen’s accelerating momentum:
- Working earnings grew by 32%, from N3.181 billion to N4.192 billion.
- Working bills elevated by 9.5%, from N2.944 billion to N3.225 billion.
- Revenue earlier than tax jumped by 306%, from N238 million to N966 million.
Entry Holdings says Hydrogen Cost Companies Firm Restricted has began breaking floor within the fintech business with the seamless and dependable options it gives to companies in Nigeria.
“Hydrogen’s imaginative and prescient is to construct Africa’s strongest enterprise providers community. Hydrogen gives a variety of services, together with InstantPay, Cost gateway, POS, Card, and Swap, which have been well-received by clients and the business as an entire,” the group famous within the monetary assertion.
Bank-owned fintechs
The rise of bank-owned fintech subsidiaries similar to Hydrogen (Entry Holdings), HabariPay (GTCO), and Zest (Stanbic IBTC) is a direct final result of the Central Bank of Nigeria’s (CBN) 2010 regulatory directive mandating industrial banks to undertake a holding firm construction. This strategic coverage shift enabled banks to diversify into non-banking providers—significantly digital funds—by means of independently licensed entities.
- GTCO was the primary Tier-1 bank to capitalize on this chance, launching HabariPay in June 2022. The subsidiary has since developed right into a worthwhile fintech enterprise, concentrating on SMEs and retail retailers by means of its flagship Squad platform.
- Entry Holdings adopted go well with with the institution of Hydrogen in September 2022. Not like its friends, Hydrogen initially positioned itself as a backend infrastructure supplier, providing embedded monetary providers to different fintechs, banks, and telecom operators, slightly than pursuing a direct-to-consumer mannequin.
- Stanbic IBTC entered the fray in October 2023 with the launch of Zest, a fintech subsidiary designed to rework the digital commerce panorama. Zest goals to democratize on-line promoting by eradicating entry boundaries and simplifying the method for companies to determine and scale their digital presence.
By separating core banking operations from ancillary providers, the CBN’s framework opened the door for conventional monetary establishments to compete extra aggressively with agile, non-bank fintechs like Opay, Palmpay, and Moniepoint. These bank-backed fintechs at the moment are leveraging their mum or dad establishments’ infrastructure and belief to scale quickly in Nigeria’s dynamic digital finance panorama.
What it’s best to know
As a bunch, Entry Holdings Plc reported a pre-tax revenue of N320.57 billion for the interval ended June 30, 2025, representing an 8.12% year-on-year (YoY) decline from N348.92 billion recorded within the corresponding interval of 2024.
- Equally, post-tax revenue fell by 23.25% YoY to N215.92 billion, in comparison with N281.33 billion in H1 2024.
- Nonetheless, top-line efficiency remained resilient, with gross earnings rising by 13.81% YoY to N2.50 trillion.
- Entry Holdings Plc’s total efficiency in H1 2025 remained largely pushed by its banking subsidiary, which accounted for the majority of group profitability, posting a pre-tax revenue of N303.0 billion and post-tax revenue of N199.3 billion.
The group’s bottom-line efficiency continued to learn from strong top-line progress, primarily supported by stronger curiosity earnings.
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