Access Holdings Records N3.9 Trillion Gross Earnings in Nine Months
Access Holdings PLC announced its financial results for the nine months ending September 30, 2025, revealing a gross earnings figure of ₦3.9 trillion—up by 14.1% compared to ₦3.4 trillion in the same period last year. The impressive performance underscores the Group’s diversified revenue streams and robust core operations across banking and non-banking sectors.
The Group’s quarterly earnings also demonstrated remarkable growth, surging by 56.2% from ₦2.5 trillion at mid-year 2025 to the current nine-month figure.
Key Drivers: Interest Income, Fees, and Asset Growth
Interest income grew by 21.1% year-on-year, reaching ₦2.9 trillion in Q3 2025 from ₦2.4 trillion in Q3 2024. Net interest income soared by 48.9% to ₦1.3 trillion, driven by strategic loan book expansion, disciplined risk management, and a focus on higher-yielding assets.
On a quarter-on-quarter basis, interest income increased by 42.1%, and net interest income by 27.8%, from ₦2.0 trillion and ₦984 billion in the first half of 2025, respectively.
Fee and commission income rose sharply by 44.3%, totaling ₦476 billion in Q3 2025, up from ₦330 billion in the same period last year, reflecting increased transaction volumes and digital payment activities. The quarter-on-quarter growth was over 100%, from ₦237 billion in H1 2025.
While non-interest income declined slightly by 8.1% to ₦872 billion, the Group’s core operational momentum remained strong, supporting overall earnings.
Operational Performance and Profitability
Operating income increased by 18.8% to ₦2.13 trillion in Q3 2025 from ₦1.8 trillion in Q3 2024. However, loan impairments surged by 141.5%, reaching ₦350 billion, reflecting cautious risk provisioning.
Operating expenses rose marginally by 6.7% to ₦1.2 trillion, leading to an improved cost-to-income ratio of 54.6%, down from 60.8%, driven by efficiency measures.
Profit before tax grew by 10.4%, totaling ₦616 billion, while profit after tax slightly declined to ₦447 billion from ₦458 billion last year. Notably, profitability for the nine-month period showed resilience, with profit before tax almost doubling from ₦321 billion at mid-year to ₦616 billion, and profit after tax increasing by over 100% to ₦447 billion.
Balance Sheet Expansion and Asset Growth
Total assets expanded by 25.8% to ₦52.0 trillion in Q3 2025, up from ₦41.5 trillion in FY 2024. Customer deposits surged by 47%, reaching ₦33.1 trillion, while loans and advances increased by 19.7% to ₦15.6 trillion.
Geographical and Subsidiary Contributions
The Group’s performance was significantly boosted by its non-Nigerian subsidiaries, which contributed over half of the consolidated results, demonstrating the benefits of regional diversification. Conversely, Nigerian operations faced headwinds from macroeconomic challenges, inflationary pressures, and regulatory shifts but remained resilient due to the Group’s diversified structure.
Returns and Outlook
Return on average equity (ROAE) stood at 15.4%, down from 22.2%, while return on average assets (ROAA) moderated to 1.3%. The Group remains committed to strengthening its franchise, enhancing operational resilience, and delivering sustainable value for stakeholders.