Access Holdings Plc has announced its audited financial results for the half-year period ended June 30, 2025, showing a strong performance across its banking and non-banking subsidiaries, underscoring the Group’s resilience and successful execution of its five-year strategic plan.
The Group recorded ₦2.5 trillion in gross earnings, representing a 13.8% increase year-on-year from ₦2.2 trillion in H1 2024. This growth was largely driven by a 38.9% surge in interest income to ₦2.0 trillion from ₦1.5 billion.
Net interest income also increased by 91.8% year-on-year to ₦984.6 billion in H1 2025 from ₦513.4 billion in H1 2024.
Fee and commission income also grew by 16.1% year-on-year to ₦237.7 billion in H1 2025 from ₦204.7 billion in H1 2024, reflecting strong transactional activity across the Group’s banking network. Profit before tax stood at ₦320.6 billion, while profit after tax reached ₦215.9 billion, highlighting the company’s robust performance in its key markets.
Total assets closed at ₦42.4 trillion, with customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion, demonstrating the company’s strong balance sheet position.
The Group’s banking division remained a key growth driver, contributing significantly to overall profitability. It posted a 38.7% rise in interest income to ₦2.0 trillion in H1 2025 from ₦1.5 trillion in H1 2024 and achieved a 27% increase in fee and commission income to ₦294.9 billion. Net interest income increased by 85%, from ₦536.7 billion in H1 2024 to ₦992.7 billion in H1 2025. Profit before tax rose to ₦303 billion, while profit after tax stood at ₦199.3 billion. Subsidiaries across Africa and international markets contributed 65% of the banking group’s PBT, signalling the success of its regional expansion strategy.
Non-banking subsidiaries also delivered impressive results. Access-ARM Pensions reported a 29.9% increase in revenue to ₦21 billion and a 65.1% rise in profit before tax to ₦13.1 billion, achieving a return on average equity (ROAE) of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, underscoring strong operational efficiency and profitability. Hydrogen Payments saw a 40.5% growth in revenue, a 273% jump in PBT, and processed transactions worth ₦41.1 trillion, a 211% increase from the previous year.
Similarly, Access Insurance Brokers recorded strong momentum, with a 125% growth in gross written premium, 146% growth in revenue and a 161% increase in PBT.
Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering ₦5.4 billion in revenue and ₦2.2 billion in profit before tax in H1 2025.
Access Holdings said its focus remains on driving prudent growth, operational efficiency, innovation, and revenue diversification, with an emphasis on scaling digital and transaction-led income streams. The Group reaffirmed its commitment to sound governance and risk management as it continues to build a stronger, more agile organisation that delivers superior returns to shareholders.
“Access Holdings’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the Group to drive continued growth and profitability,” the Group said in a statement.
Access Holdings expressed appreciation to its shareholders, customers, and employees for their continued trust and support, reaffirming confidence in the Group’s future growth trajectory.
Melissa Enoch
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