Wema Bank Reports ₦221.9bn Profit, Declares ₦1.25 Dividend

Wema Bank announced its full-year financial results for FY2025, reporting a profit before tax (PBT) of ₦221.9 billion, which is more than double the ₦102.5 billion recorded in FY2024. The profit after tax (PAT) also saw a substantial increase of 125.4%, rising from ₦86.2 billion in 2024 to ₦194.5 billion in 2025.

The bank's total assets crossed the ₦5 trillion mark, reaching ₦5.07 trillion, representing a 41.5% increase from ₦3.59 trillion the previous year. Gross earnings rose by 52.8% to ₦660.6 billion compared to ₦432.3 billion in 2024, driven by a 62.7% increase in interest income.

The bank's loan portfolio grew by 30.3%, climbing to ₦3.29 trillion from ₦2.52 trillion in the previous financial year. Wema Bank's Managing Director and Chief Executive Officer, Moruf Oseni, highlighted the bank's strong growth trajectory and its commitment to prudent risk management.

The bank also declared a dividend of ₦1.25 per share and noted that it surpassed the ₦200 billion recapitalization threshold required by the Central Bank of Nigeria.