FCMB Group Plc reported a half-year profit of ₦73.4 billion for the period ended June 30, 2025, up 23.4% from ₦59.5 billion in 2024.
The Group also recorded gross earnings of ₦529.2 billion, representing a 41.3% rise from ₦374.5 billion reported in H1 2024.
Key Financial Highlights (Group)
-
Gross Earnings: ₦529.2bn (H1 2024: ₦374.5bn)
-
Net Interest Income: ₦207.4bn (H1 2024: ₦106.2bn)
-
Net Fee and Commission Income: ₦37.9bn (H1 2024: ₦25.1bn)
-
Trading Income: ₦22.2bn (H1 2024: ₦31.4bn)
-
Other Gains: ₦696m (H1 2024: ₦37.1bn)
-
Operating Profit: ₦79.3bn (H1 2024: ₦64.2bn)
-
Profit Before Tax: ₦79.1bn (H1 2024: ₦64.2bn)
-
Profit After Tax: ₦73.4bn (H1 2024: ₦59.5bn)
-
Other Comprehensive Income: ₦6.9bn (H1 2024: ₦24.8bn)
-
Total Comprehensive Income: ₦80.3bn (H1 2024: ₦84.3bn)
-
Basic Earnings Per Share: ₦3.70 (H1 2024: ₦6.00)
Performance Drivers
-
Net interest income surged 95% year-on-year to ₦207.4 billion, supported by higher yields on interest-earning assets.
-
Fee and commission income increased 31% to ₦47.4 billion, reflecting higher transaction volumes and service uptake.
-
Operating profit rose 23.6% to ₦79.3 billion despite increased personnel, administrative, and impairment costs.
-
Profit before tax stood at ₦79.1 billion, up from ₦64.2 billion in H1 2024, highlighting strong earnings momentum.
Subsidiary Contributions
-
The Group’s banking operations continued to account for the bulk of earnings, while other subsidiaries in asset management and pensions supported overall profitability.
-
Non-controlling interests contributed ₦120.1 million to profit after tax.
Outlook
With the half-year results showing sustained growth in earnings and balance sheet strength, FCMB Group said it remains focused on expanding its retail and digital banking presence, driving non-interest income, and maintaining prudent risk management in the second half of 2025.
