FCMB Group Plc has launched its unaudited monetary outcomes for the 12 months ended December 31, 2025, reporting a pre-tax revenue of N200.91 billion, reflecting an 80% improve in comparison with N111.9 billion in 2024.
The Group’s gross earnings grew by 41.8% to N1.13 trillion, pushed by sturdy income progress from curiosity revenue and buying and selling revenue.
Revenue after tax surged to N176.91 billion, up 141.7% from the earlier 12 months’s N73.34 billion.
Key highlights (FY 2025 vs FY 2024)
- Gross earnings: N1.13 trillion, up 41.8% YoY
- Curiosity revenue: N1.00 trillion, up 61.2% YoY
- Curiosity expense: N499.23 billion, up 26% YoY
- Web curiosity revenue: N502.89 billion, up 122% YoY
- Payment and fee revenue: N95.97 billion, up 29% YoY
- Web impairment losses on monetary devices: N86.00 billion, up 108.7% YoY
- Working revenue: N200.15 billion, up 78.7% YoY
- Earnings per share (EPS): N3.96, up 60% YoY
- Complete belongings: N7.54 trillion, up 6.9% YoY
- Loans and advances to clients: N2.29 trillion, down 2.8% YoY
- Buyer deposits: N4.40 trillion, up 2.5% YoY
- Fairness: N823.42 billion, up 19.5% YoY
What the numbers are saying
FCMB’s income progress was pushed primarily by a powerful improve in curiosity revenue, which grew by 61.2% to N1.00 trillion, contributing 88.8% to gross earnings.
This progress was pushed by each quantity and price enhancements, significantly from loans and advances to clients, which noticed a rise of 41.1%.
- This was the foremost contributor to curiosity revenue, accounting for 61.0% of the full curiosity revenue, adopted by funding securities, which contributed 25% to curiosity revenue.
The curiosity revenue progress considerably impacted internet curiosity revenue, which surged by 122% to N502.89 billion. This represents a serious enchancment within the Group’s capacity to generate revenue from its core lending actions.
- The web curiosity revenue grew at a quicker tempo than curiosity revenue as a result of capacity to handle curiosity bills successfully.
Curiosity bills elevated by 26% to N499.23 billion, pushed largely by greater customer deposits, which accounted for 70.5% of the curiosity bills, adopted by borrowings and debt securities, which contributed 29.5%.
- The rise in curiosity bills was considerably offset by a major improve in internet curiosity revenue, showcasing the Group’s capacity to handle its value of funds effectively.
Nevertheless, the affect of impairment losses was notable, with internet impairment losses rising by 108.7% to N86 billion. These impairment losses consumed 17.1% of the web curiosity revenue, placing strain on the Group’s profitability.
- This means that whereas the Group noticed sturdy progress in core lending revenue, it needed to account for a better threat profile, requiring larger provisions for non-performing loans and different monetary devices.
On the non-interest revenue aspect, price and fee revenue grew by 29% to N95.97 billion, contributing 8.5% to gross earnings.
- This progress was pushed by elevated exercise within the bank’s transactional and advisory providers, which helped diversify revenue sources and scale back reliance on curiosity revenue.
- Web buying and selling revenue of N39.21 billion contributed 3.5% to gross earnings, regardless of a drop of 27.3% YoY.
When it comes to steadiness sheet energy, the Group’s whole belongings grew by 6.9% to N7.5 trillion, pushed by a ten% improve in loans and advances to clients.
The Group’s customer deposits elevated by 2.5% to N4,402,070 million, which now accounts for 58.3% of whole belongings, reflecting the bank’s stable funding base and customer confidence.
The improve in fairness by 19.5% to 823,428 million additional strengthens the Group’s capital base, positioning it nicely for future progress and stability.
What to know
FCMB’s 2025 efficiency highlights stable progress in each top-line income and bottom-line profitability, with curiosity revenue and internet curiosity revenue driving a good portion of the expansion.
Given its revenue after tax, the Group exceeded its revenue forecast. The Group had projected a revenue after tax (PAT) of N58.8 billion for the fourth quarter of 2025, thus anticipating full-year revenue at N171.5 billion,
The inventory value closed at N12.09 on the final buying and selling day of 2025, reflecting a 28% improve from the start of the 12 months. Nevertheless, closing at N11.05 at this time, the inventory has misplaced 3.73% this 12 months
FCMB Group Plc has a market capitalization of N496 billion, which continues to be under its internet asset worth of N823.42 billion.
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