Access Holdings Plc recorded N2.5tn in gross earnings for the half-year period ended June 30, 2025, representing a 13.8 per cent increase from N2.2tn in the corresponding period of 2024. The results were disclosed in the group’s half-year audited financials filed with the Nigerian Exchange Limited.
The earnings growth was driven by a 38.9 per cent year-on-year increase in interest income, which rose to N2.0tn from N1.5tn in H1 2024. Net interest income surged 91.8 per cent to N984.6bn from N513.4bn in the same period.
Net fees and commission income grew 16.1 per cent year-on-year to N237.7bn in H1 2025 from N204.7bn in H1 2024. Profit before tax and profit after tax closed at N320.6bn and N215.9bn, respectively.
Key balance sheet indicators remained strong across the period. Total assets stood at N42.4tn, customer deposits at N22.9tn, loans and advances at N13.2tn, and shareholders’ equity at N3.8tn.
The banking group contributed 65 per cent to the group’s profit before tax in H1 2025. Interest income for the banking subsidiary grew 38.7 per cent to N2.0tn, while net interest income increased 85 per cent to N992.7bn. Fee and commission income rose 27 per cent to N294.9bn, driven by increased transaction volumes.
Non-banking subsidiaries also delivered strong performance. Hydrogen Payments recorded 40.5 per cent revenue growth and 273 per cent year-on-year growth in profit before tax, processing N41.1tn in transaction value compared to N13.8tn in H1 2024. Access-ARM Pensions posted 29.9 per cent revenue growth to N21.0bn and 65.1 per cent profit before tax growth to N13.1bn.
Access Insurance Brokers recorded a 125 per cent year-on-year increase in gross written premium, 146 per cent revenue growth, and 161 per cent improvement in profit before tax. Oxygen X, the group’s digital lending arm, launched in Q3 2024, delivered N5.4bn in revenue and N2.2bn in profit before tax.
Company Secretary Sunday Ekwochi said the results reflected “the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan.” He added that the group remains focused on driving prudent growth, scaling digital income streams, and maintaining strict risk and governance standards.
Access Holdings Plc is a Nigerian financial services conglomerate operating across banking, pensions, payments, insurance, and digital lending sectors in Africa and international markets.
