Lagos, Nigeria – Wema Bank Plc has reported a profit before tax of N221.9 billion (approximately $141.8 million) in its audited 2025 financial statements, representing a 116.44 percent increase from N102.5 billion in 2024, driven mainly by growth in interest income.
Okay News reports that interest income rose to N576 billion from N354.6 billion, with loans and advances contributing 60.4 percent and investment securities 35.5 percent. Net interest income after impairment settled at N335.2 billion, up from N155.4 billion in the previous year.
Operating income rose to N420.6 billion from N234.2 billion, supported by net fee and commission income of N75.5 billion. Operating expenses increased to N198.7 billion, leaving a pre-tax profit of N221.8 billion. After N27.4 billion in tax, post-tax profit settled at N194.4 billion, with earnings per share rising to N7.12 from N4.83.
On the balance sheet, total assets jumped to N5.07 trillion from N3.5 trillion, with loans and advances to customers at N1.7 trillion forming the largest portion. Shareholder equity grew to N620.4 billion from N256.4 billion, with retained earnings at N215 billion, up 108.3 percent year-on-year.
Shares of Wema Bank are up 28.43 percent year-to-date, supported by steady trading with market volume reaching 1.9 billion units.
 in its audited 2025 financial statements, representing a 116.44 percent increase from N102.5 billion in 2024, driven mainly by growth in interest income.){kind=link}