‎Access Holdings posts ₦2.5trn in gross earnings for H1 2025, showcasing robust growth‎

By Chioma Obinagwam
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‎ Access Holdings Plc announced its half-year audited financial results for the period ending June 30, 2025, reporting a stellar ₦2.5 trillion in gross earnings, a 13.8% increase from ₦2.2 trillion in H1 2024.
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‎Confiance News reports that the results underscore the company’s resilient business model and strategic execution across its diverse operations.
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‎The Group’s Company Secretary, Sunday Ekwochi, said that the financial performance was driven by a 38.9% surge in interest income, reaching ₦2.0 trillion from ₦1.5 billion in H1 2024. Net interest income soared by 91.8% to ₦984.6 billion, up from ₦513.4 billion in the same period last year. Additionally, net fees and commission income rose by 16.1% to ₦237.7 billion, compared to ₦204.7 billion in H1 2024.
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‎Profit before tax (PBT) stood at ₦320.6 billion, while profit after tax (PAT) reached ₦215.9 billion, reflecting what the company described as “the strength and resilience of our business model in the markets we operate in.” The balance sheet remained robust, with total assets at ₦42.4 trillion, customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion.
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‎The Banking group delivered strong results, with interest income climbing 38.7% to ₦2.0 trillion and net interest income jumping 85% to ₦992.7 billion. Fee and commission income grew by 27% to ₦294.9 billion, fueled by higher transaction volumes. The Banking group’s PBT and PAT closed at ₦303.0 billion and ₦199.3 billion, respectively, with subsidiaries contributing 65% to the PBT, highlighting “our journey towards sustainable performance and execution across our key African and international markets.”
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‎Non-banking subsidiaries also shone. Access – ARM Pensions reported a 29.9% revenue increase to ₦21.0 billion and a 65.1% rise in PBT to ₦13.1 billion, achieving a return on average equity (ROAE) of 48.1% and a cost-to-income ratio of 35.1%. Hydrogen Payments saw a 40.5% revenue growth and a 273% PBT increase, processing ₦41.1 trillion in transactions, up 211% from ₦13.8 trillion in H1 2024. Access Insurance Brokers recorded a 125% increase in gross written premium, 146% revenue growth, and a 161% PBT improvement. Oxygen X, the Group’s digital lending arm, generated ₦5.4 billion in revenue and ₦2.2 billion in PBT since its Q3 2024 launch.
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‎Access Holdings emphasized its commitment to “driving prudent growth and continued execution of its strategic priorities,” focusing on scaling digital and transaction-led income, enhancing revenue diversification, and maintaining disciplined portfolio management. The Group expressed confidence in its ability to “continue to deliver sustainable value and returns to its shareholders” while fostering innovation and optimizing portfolio performance across its markets.
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‎“The Group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future,” said Ekwochi.
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