Wema Bank has released its audited financial results for the full year ended December 31, 2025, reporting a Profit Before Tax (PBT) of ₦221.9bn, representing a 116.4 per cent increase from ₦102.5bn recorded in the 2024 financial year.
The lender also declared a dividend of ₦1.25 per share, reflecting its strong earnings performance and commitment to delivering value to shareholders.
Profit After Tax (PAT) rose significantly by 125.4 per cent to ₦194.5bn in 2025, up from ₦86.2bn in the previous year, underscoring improved profitability driven by strong revenue growth and efficient balance sheet management.
The bank’s total assets crossed the ₦5tn threshold for the first time, rising by 41.5 per cent to ₦5.07tn from ₦3.59tn in 2024, indicating sustained expansion and resilience in its operations.
Gross earnings increased by 52.8 per cent to ₦660.6bn, compared to ₦432.3bn in the prior year. The growth was largely driven by a 62.7 per cent increase in interest income, supported by improved yields on earning assets and expansion of the loan book.
Customer deposits also grew by 30.3 per cent to ₦3.29tn from ₦2.52tn in 2024, reflecting continued customer confidence in the bank and providing a stable funding base for its operations.
Further analysis of the results showed that net interest income more than doubled, rising by 103.9 per cent to ₦361.0bn, driven by enhanced asset pricing and growth in earning assets. Non-interest income rose modestly by 8.3 per cent to ₦85.3bn.
Net loans and advances increased by 44.7 per cent to ₦1.74tn from ₦1.20tn in 2024, highlighting the bank’s sustained support for key sectors of the economy, while maintaining a disciplined risk management framework.
Commenting on the performance, the Managing Director and Chief Executive Officer of Wema Bank, Moruf Oseni, said the results reflect one of the strongest growth trajectories in the bank’s history.
He noted that the bank’s PBT has grown consistently over the past three years, rising from ₦14.75bn to ₦43.59bn in 2023, ₦102bn in 2024, and ₦221bn in 2025.
Oseni added that the bank’s total assets, which stood at ₦1tn in 2021, grew to over ₦3tn in 2024 and have now reached ₦5tn, demonstrating the institution’s financial strength and long-term growth potential.
According to him, the performance is a reflection of disciplined execution, a resilient business model, and the commitment of the bank’s workforce.
He further disclosed that as of September 2025, the bank surpassed the ₦200bn recapitalisation threshold set for commercial banks with national authorisation by the Central Bank of Nigeria, reinforcing its strong capital position.
Oseni also highlighted the bank’s 80th anniversary milestone in 2025, describing it as a testament to its enduring impact in Nigeria’s financial services sector.
He noted that the launch of the upgraded version of its digital banking platform, ALAT, tagged “ALAT: The Evolution,” reflects the bank’s continued leadership in digital innovation and its commitment to shaping the future of banking in Africa.
Wema Bank, regarded as one of Nigeria’s leading innovative financial institutions, said its performance reinforces its capacity to not only meet current customer needs but also anticipate future demands as digital banking continues to evolve.
The bank added that its consistent growth trajectory over the past five years positions it strongly for sustained expansion, as it continues to leverage technology, customer-centric solutions, and strategic investments to drive long-term value.