Africa Prudential's Profit Soars to N4.07 Billion in 2026

Africa Prudential Plc has announced a pre-tax profit of N4.07 billion for the nine months ending September 30, 2026, marking a 34.79% increase from N3.02 billion in the same period in 2025. The company's profit after tax rose by 30.83% to N2.69 billion, up from N2.05 billion in 9M 2025, while earnings per share increased to 67 kobo from 51 kobo.

The growth in earnings was primarily attributed to a significant rise in interest income from its investment portfolio, which offset rising personnel expenses, other operating costs, and credit impairment charges. Interest earned on short-term deposits surged to N5.69 billion from N3.85 billion year-on-year, becoming the dominant source of operating income.

Additionally, revenue from contracts with customers grew by 11.32% to N1.07 billion from N965.34 million, with service revenue derived from registrar maintenance, corporate actions, and digital technology services. Gross profit increased by 8.38% to N941.16 million, while the cost of sales rose by 37.59% to N133.45 million.