Access Holdings Posts 10.4% Q3 Profit Increase, Driven By Strong Pan-African Results

Access Holdings recorded improved performance for the third quarter (Q3) period ended September 30, 2025, as Profit Before Tax rose 10.4% to N616 billion.

Goss earnings for the Group rose by 14.1% year-on-year to ₦3.9 trillion from ₦3.4 trillion as at Q3 2024.

Profit After Tax however dipped slightly by 2.2% to N448 billion, while Return on Equity (ROE) rebounded to 15.4% in 9m 2025, from 11.4% in the Half-Year (H1), 2025 period.

The Group’s strong performance was largely driven by its non-Nigerian subsidiaries, which together contributed over 50% of consolidated results.

Pan Africa profit before tax (PBT) rose by 68.7% to N242.49 billion in September 2025, from N143.7 billion as at September 2024, according to data from the Q3, financial statement seen by MoneyCentral.

Profit for Nigerian operations however fell to N260.78 billion in 9m 2025, down 30%, compared to N377 billion as at September 2024.

Europe profit rose to N195.57 billion, up 5.5% from N185.29 billion as at September 2024.

Access Holdings subsidiaries continued to deliver strong growth across key metrics, reflecting the benefits of diversification and deepening franchise strength across its African markets.

The performance was driven by sustained growth in both interest and fees and commission, reflecting the strength of the Group’s diversified earnings base and improved performance from core operations across its banking and non-banking businesses.

Interest income rose by 21.1% year-on-year to ₦2.9 trillion in Q3 2025, compared to ₦2.4 trillion in Q3 2024.

Net interest income also increased by 48.9% to ₦1.3 trillion from ₦845 billion in the same period.

This performance was driven by loan book expansion, reflecting risk management approach and a strategic focus towards higher-yielding, quality assets to strengthen portfolio returns.

There was 44.3% growth in net fee and commission to N476 billion in Q3 2025 from N330 billion in Q3 2024, reflecting higher transaction volumes and increased customer activity across digital and payment channels across both periods.

Operating income rose 18.8% to ₦2.13 trillion in Q3 2025 from ₦1.8trillion in Q3 2024.

Compared to Half Year (H1) 2025 performance, profitability demonstrated resilience, as profit before tax (PBT) increased by 91.9% from N321 billion in H1 2025 YTD to N616 billion in Q3 2025.

Profit after tax (PAT) also showed improvement in the period with a 107.9% increase to N448 billion in Q3 2025 from N215 billion as at H1 2025 YTD.

The Group’s balance sheet increased with total assets growing by 25.8% to N52.0 trillion in Q3 2025 from N41.5 trillion in FY 2024.

The growth in balance sheet was supported by customer deposits, which grew by 47.0% to N33.1 trillion in Q3 2025 from N22.5 trillion in FY 2024.

Loans and advances increased by 19.7% to N15.6 trillion in Q3 2025 from N13 trillion in Q3 2024.

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