FCMB Reports 81% Profit Increase for 2025 Financial Year

FCMB Group Plc announced an 81% increase in profit before tax for the financial year ending December 31, 2025, amounting to ₦202.1 billion, compared to ₦111.9 billion in 2024. The profit before tax for 2024 had increased by 142% to ₦177.3 billion.

The growth was attributed to higher interest income across its business divisions and improved operational efficiency. In the first quarter of 2026, the group recorded a 148% increase in profit before tax to ₦87 billion.

The bank's subsidiaries showed double-digit growth, with the banking subsidiary's profit before tax rising by 110% to ₦163.3 billion. FCMB's total assets rose by 8.2% to ₦7.63 trillion by the end of 2025.

The bank maintained a cautious lending strategy, with total loan advances reaching ₦2.23 trillion by the end of the first quarter of 2026. The board proposed a dividend of 35 kobo per share.

Ladi Balogun, the Group Chief Executive, stated that the results reflect the strength of the group's diversified business model.