Infinity Trust Mortgage Bank Plc recorded a strong revenue expansion in the 2025 financial year with turnover rising to ₦6.6 billion.
The mortgage bank reported turnover of ₦6.61 billion for the year ended December 31, 2025, compared with ₦4.39 billion in the previous year.
The 51 percent growth underscores improved loan origination volumes and stronger yields across interest-earning assets, supported by rising demand for housing finance and tighter pricing in the high-interest-rate environment.
Interest and similar income climbed to ₦5.53 billion in 2025, up from ₦3.58 billion a year earlier, accounting for the bulk of revenue growth.
While interest expenses increased to ₦1.87 billion from ₦1.13 billion, net interest income still expanded to ₦3.67 billion, indicating that the bank maintained healthy spreads despite higher funding costs.
Non-interest income also strengthened during the year. Net fees and commission income rose sharply to ₦282.6 million from ₦100.2 million on the back of increased transaction volumes and ancillary service activity.
Other operating income increased to ₦799.1 million, further supporting total operating income, which rose to ₦4.75 billion from ₦3.26 billion in 2024.
Credit quality improvements contributed to earnings stability. Credit loss expenses declined significantly to ₦81.0 million in 2025, compared with ₦199.4 million in the prior year, pointing to improved asset quality and more effective risk management within the mortgage portfolio.
Operating expenses rose to ₦1.65 billion from ₦1.34 billion, driven largely by higher personnel costs and operational expansion.
However, expense growth lagged the pace of revenue increase, resulting in improved operating efficiency. Profit before tax increased to ₦3.02 billion, up from ₦1.72 billion in 2024, while profit after tax rose to ₦2.90 billion.
In addition to profit growth, the bank recorded other comprehensive income of ₦1.53 billion, lifting total comprehensive income for the year to ₦4.43 billion, compared with ₦2.01 billion in the previous year.
Earnings per share rose to 69 kobo from 35.52 kobo, reflecting the sharp increase in profitability.
The 2025 performance highlights Infinity Trust Mortgage Bank’s ability to scale its core mortgage lending operations while managing credit risk and operating costs, positioning the institution for sustained revenue growth as housing finance activity continues to expand.
