FCMB Group Profit Before Tax Up 23% YoY to N79.3bn

FCMB Group Plc reported a 23% increase in Profit Before Tax (PBT) to N79.3 billion for the first half of 2025. The group's gross revenue rose to N188 billion, driven by a 23% increase in net interest income and a 60% growth in digital revenue.

Operating expenses increased by 15%, mainly due to higher personnel and regulatory costs. Despite this, the group's cost-to-income ratio improved to 57%.

The net impairment loss on financial assets grew significantly to N1 billion, attributed to the exit from the Central Bank of Nigeria's loan forbearance program. The group's business divisions, including Consumer Finance and Investment Management, reported profit growth, while Investment Banking saw a decline.

FCMB Group's total assets increased by 9%, reaching N3 trillion, with loans and advances growing modestly by 3%. The group's investment banking business recorded a significant increase in capital raised for clients.

Following a public capital raise.