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Access Holdings has missed its own deadline to release its second quarter (Q2) results even as earnings season for the third quarter (Q3) has kicked off, fueling investor speculation.
Access Holdings in a statement to the NGX released on September 22 extended the date for the publication of its Interim Audited Financial Statements for the Half Year period that ended June 30, 2025, to October 22, 2025.
Access Holdings said the extension was to enable the Company obtain the Central Bank of Nigeria’s approval of the Results.
One analyst MoneyCentral spoke to said:
“We understand they have submitted to CBN…perhaps there are some entries that the CBN isn’t comfortable with. As you may observe, they reported a comprehensive loss in the first quarter due to fair value loss on some assets whose valuation differentials were passed through the other comprehensive income (OCI). I am not sure they have also audited their South African subsidiary as well. I presume they may also have regulatory issues around their acquisition in Kenya, especially if they didn’t get approval for taking capital for the Nigerian operation to invest in such acquisition in Kenya.”
Access reported a total comprehensive loss of N39.58 billion in the first quarter (Q1) of 2025. This was due to unrealized foreign currency translation loss of N142 billion, negative change in Fair value OCI debt finance instruments of N84.78 billion.
Access Holdings stock is up 2.52% year-to date.
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