Access Holdings PLC Posts ₦3.9 Trillion Gross Earnings in Q3 2025, Driven by Diversified Growth

Access Holdings PLC today announced its financial results for the nine months ended September 30, 2025, recording a robust performance driven by its diversified business model, with non-Nigerian subsidiaries contributing over 50% of the consolidated results. 

Gross earnings for the period reached $\text{₦3.9 trillion}$, marking a 14.1% year-on-year (YoY) rise from $\text{₦3.4 trillion}$ in Q3 2024. The Group's strong earnings momentum was sustained across interest income and fees and commission, despite domestic economic headwinds.

Key Financial Performance Highlights (Q3 2025 YTD)

Financial Metric Q3 2025 YTD Q3 2024 YTD Change (YoY): Gross Earnings {₦3.9 Trillion} {₦3.4 Trillion} {+14.1\%}

Interest Income {₦2.9 Trillion} {₦2.4 Trillion} {+21.1\%}

Net Interest Income {₦1.3 Trillion} {₦845 Billion} {+48.9\%}

Net Fee & Commission {₦476 Billion} {₦330 Billion} {+44.3\%}

Profit Before Tax (PBT) {₦616 Billion} {₦558 Billion} {+10.4\%}

Profit After Tax (PAT) {₦447 Billion} {₦458 Billion} 2.4\%(Moderated)

Drivers of Performance and Balance Sheet Strength

Revenue Growth:The 21.1% YoY rise in Interest Income to {₦2.9 trillion} was driven by loan book expansion and a focus on higher-yielding assets. Net Fee and Commission saw a substantial 44.3% growth to {₦476 billion}, reflecting higher transaction volumes across digital and payment channels.

Cost Efficiency: The Cost-to-Income Ratio (CIR) improved significantly to 54.6% in Q3 2025 from 60.8% in the prior period, indicating that revenue growth outpaced the marginal 6.7% increase in operating expenses.

Profitability Resilience: While Profit After Tax (PAT) slightly moderated YoY (largely due to a 141.5% increase in impairment on loans to {₦350 billion}, PBT still grew by 10.4%. Compared to H1 2025, profitability showed strong recovery, with PBT increasing by 91.9% and PAT by 107.9%.

Balance Sheet Expansion: Total assets grew by 25.8% to {₦52.0 trillion} (from {₦41.5 trillion} in FY 2024). This growth was heavily supported by a 47.0% rise in customer deposits to {₦33.1 trillion}. Loans and advances grew by 19.7% to {₦15.6 trillion}

Geographic Diversification: The Group cited its diversified structure as its key strength, noting that non-Nigerian subsidiaries contributed over 50% of the consolidated results. This cushioned the impact of "changing macroeconomic conditions, inflationary pressures, and continued regulatory adjustments" experienced in the Nigerian operations.

Outlook

Company Secretary, Mr. Sunday Ekwochi, stated that the performance reflects the "strength of the Group’s diversified earnings base." Looking ahead, Access Holdings plans to continue strengthening its franchise, deepening operational resilience, and driving sustainable value across all its markets and businesses.