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Access Holdings Plc has reported gross earnings of ₦3.9 trillion for the nine months ended September 30, 2025, representing a 14.1 per cent increase compared to ₦3.4 trillion recorded in the corresponding period of 2024.
The Group disclosed this in its unaudited financial statement released to the Nigerian Exchange Limited (NGX) on Wednesday. The result reflects sustained earnings growth driven by higher interest income, fees, and commissions across its banking and non-banking operations.
According to the report, Access Holdings’ gross earnings also rose by 56.2 per cent quarter-on-quarter from ₦2.5 trillion recorded at the end of the first half of 2025 (H1 2025).
Interest income grew by 21.1 per cent year-on-year to ₦2.9 trillion from ₦2.4 trillion in 2024, while net interest income surged by 48.9 per cent to ₦1.3 trillion from ₦845 billion. The Group attributed the growth to a deliberate expansion of its loan book and strategic focus on quality, higher-yielding assets.
Similarly, net fee and commission income increased by 44.3 per cent to ₦476 billion, compared with ₦330 billion in Q3 2024, reflecting higher transaction volumes and customer activity on its digital and payment platforms. On a quarter-on-quarter basis, fee and commission income more than doubled, rising by 100.8 per cent from ₦237 billion in H1 2025.
Total non-interest income, however, declined marginally by 8.1 per cent to ₦872 billion, compared to ₦984 billion in the corresponding period of 2024. Despite this, operating income increased by 18.8 per cent to ₦2.13 trillion from ₦1.8 trillion in Q3 2024, supported by strong performance from core operations.
Impairment charges on loans rose significantly by 141.5 per cent to ₦350 billion, up from ₦145 billion in Q3 2024. Operating expenses also increased slightly by 6.7 per cent to ₦1.2 trillion, compared to ₦1.1 trillion in the previous year.
The Group’s cost-to-income ratio improved to 54.6 per cent from 60.8 per cent, supported by higher revenue and ongoing cost-optimisation efforts.
Profit before tax (PBT) rose by 10.4 per cent to ₦616 billion from ₦558 billion, while profit after tax (PAT) moderated slightly to ₦447 billion, compared with ₦458 billion in Q3 2024. However, when compared to H1 2025 performance, profitability rebounded sharply, with PBT rising by 91.9 per cent from ₦321 billion, and PAT jumping by 107.9 per cent from ₦215 billion.
Access Holdings’ total assets grew by 25.8 per cent to ₦52.0 trillion in Q3 2025, from ₦41.5 trillion recorded at the end of 2024. Customer deposits also surged by 47 per cent to ₦33.1 trillion, compared with ₦22.5 trillion at the end of last year, while loans and advances increased by 19.7 per cent to ₦15.6 trillion.
The Group said that its performance was largely driven by contributions from its non-Nigerian subsidiaries, which accounted for over 50 per cent of consolidated results. These subsidiaries, it added, continued to deliver strong growth across key metrics, highlighting the benefits of its pan-African diversification strategy.
In contrast, the Nigerian business recorded weaker performance due to challenging macroeconomic conditions, high inflation, and regulatory adjustments. Nonetheless, the Group noted that its diversified structure helped maintain overall stability and resilience.
Return on average equity (ROAE) declined to 15.4 per cent from 22.2 per cent in 2024, while return on average assets (ROAA) moderated to 1.3 per cent from 1.8 per cent.
Access Holdings reaffirmed its commitment to strengthening its franchise across markets, enhancing operational efficiency, and delivering sustainable value to shareholders.