Access Holdings AGM: Shareholders Discuss Dividend Concerns

Access Holdings Plc convened its fourth annual general meeting in Lagos, where shareholders filled the venue to discuss significant issues, particularly the decision not to declare a final dividend for the 2025 financial year. The atmosphere was one of keen interest as shareholders sought clarity on the company's financial strategies and governance.

Management, led by Innoc C. Ik, Group Managing Director and Chief Executive Officer, explained that the non-payment of dividends was due to regulatory compliance requirements and the company's weak financial performance.

Despite concerns, shareholders expressed confidence in the company's long-term strategy and leadership. The meeting also saw the approval of key appointments, including Innoc C.

Ik's role, which aims to ensure a smooth leadership transition. Access Holdings reported a profit before tax of 1.007 trillion Naira and total assets of 51.56 trillion Naira, indicating significant growth despite operational challenges in the economic environment.