Wema Bank Reports 124% Profit Jump in 2025 Financial Performance
Wema Bank Plc released its unaudited financial statement for the year ending December 31, 2025, showing a remarkable 124% surge in profits. The bank's gross earnings reached N653.3 billion, with a profit before tax doubling to N222.1 billion from N102.5 billion in 2024.
The growth was attributed to higher yields from loan investments and securities. Wema Bank's financial performance was supported by high-interest rates, leading to a 45% increase in gross loan advances to N1.75 trillion.
Additionally, interest income jumped to N577.1 billion, while investment securities grew to N1.34 trillion, strengthening the bank's asset base. Despite increased operating expenses, the bank's total assets grew by 41% to N5.06 trillion, with customer deposits rising by 30% to N3.28 trillion.
BUA Food Plc, another Nigerian company, also reported a significant net profit increase in 2025, driven by strong sales growth.
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