Access Holdings Plc has announced its audited financial results for the half year ended June 30, 2025, reporting gross earnings of ₦2.5 trillion. The company said the results underscore the resilience of its business model, the diversification of its income streams, and steady progress in executing its five-year strategic plan.
According to the report, gross earnings rose by 13.8% year-on-year, climbing from ₦2.2 trillion in the first half of 2024 to ₦2.5 trillion in the same period of 2025. The growth was largely driven by a 38.9% increase in interest income, which surged to ₦2.0 trillion from ₦1.5 trillion a year earlier.
Net interest income also recorded a strong performance, rising 91.8% year-on-year to ₦984.6 billion in H1 2025, up from ₦513.4 billion in H1 2024. Similarly, net fees and commission income increased by 16.1%, reaching ₦237.7 billion compared to ₦204.7 billion in the previous year.
Profit before tax (PBT) stood at ₦320.6 billion, while profit after tax (PAT) reached ₦215.9 billion, reflecting the group’s solid financial position and operational efficiency across all markets.
Key balance sheet indicators also showed sustained strength. Total assets closed at ₦42.4 trillion, customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion, reaffirming Access Holdings’ strong capital base and liquidity position.
Banking Group Performance
The group’s banking operations demonstrated resilient performance in H1 2025. Interest income grew by 38.7% year-on-year to ₦2.0 trillion from ₦1.5 trillion in 2024, while net interest income rose 85%, from ₦536.7 billion to ₦992.7 billion within the same period.
Fee and commission income also climbed 27%, reaching ₦294.9 billion from ₦232.5 billion in 2024, supported by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at ₦303.0 billion and ₦199.3 billion respectively.
Subsidiaries within the banking group contributed 65% of the total PBT, demonstrating the success of Access Holdings’ strategy to strengthen performance across key African and international markets.
Non-Banking Subsidiaries Drive Growth
Access Holdings’ non-banking businesses also posted strong growth during the period.
Access-ARM Pensions delivered robust results, with revenue up 29.9% to ₦21.0 billion and profit before tax up 65.1% to ₦13.1 billion. The subsidiary recorded a Return on Average Equity (ROAE) of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, highlighting its operational efficiency and profitability.
Hydrogen Payments achieved a 40.5% increase in top-line revenue compared to H1 2024, while profit before tax surged 273% year-on-year. The total transaction value processed rose by 211%, reaching ₦41.1 trillion, up from ₦13.8 trillion in the corresponding period of 2024.
Access Insurance Brokers sustained strong momentum, recording a 125% increase in gross written premium, a 146% growth in revenue, and a 161% rise in profit before tax (PBT).
Oxygen X, the Group’s digital lending arm launched in Q3 2024, continued its rapid growth trajectory, generating ₦5.4 billion in revenue and ₦2.2 billion in profit before tax during H1 2025.
Focus on Strategic Execution and Innovation
Access Holdings stated that its businesses remain well-positioned to deepen market penetration, expand product offerings, and leverage cross-selling opportunities across the Group to sustain growth and profitability.
The Group reaffirmed its commitment to driving prudent growth, scaling digital and transaction-led income streams, diversifying revenue, and embedding innovation and efficiency across all business areas. It also emphasized maintaining strict risk management and governance standards to ensure sustainable profitability.
Commitment to Long-Term Value Creation
Access Holdings expressed confidence in its ability to continue delivering sustainable value and returns to shareholders. The Group said its long-term goal is to build a stronger and more agile organization that delivers superior returns, fosters innovation-driven growth, and optimizes portfolio performance to create inclusive value across all markets.
The company appreciated the continued trust and support of its shareholders, customers, and employees, noting that their collective efforts are helping to build a stronger and more resilient future for Access Holdings.
– Sunday Ekwochi, Company Secretary
