Access Holdings Plc has reported a 91.8 percent year-on-year rise in its net interest income.
Gatekeepers News reports that it rose to ₦984.6 billion for the first half of 2025, compared to ₦513.4 billion recorded in the same period of 2024.
The company announced the development in its audited half-year financial statement for the period ending June 30, 2025, signed by Sunday Ekwochi, the company secretary.
The group said its gross earnings grew by 13.8 percent to ₦2.5 trillion, up from ₦2.2 trillion in 2024, while interest income rose by 38.9 percent to ₦2 trillion from ₦1.5 trillion.
It attributed the performance to a resilient business model, diversified revenue streams, and steady progress in executing its five-year strategic plan.
The statement read, “Complementing this performance was a growth in net fees and commission income, which increased by 16.1% year-on-year to ₦237.7 billion in H1 2025 from ₦204.7 billion in H1 2024.”
“Profit before tax (PBT) and profit after tax (PAT) closed at ₦320.6 billion and ₦215.9 billion respectively, underscoring the strength and resilience of our business model in the markets we operate in.”
Access Holdings noted that its total assets reached ₦42.4 trillion, while customer deposits, loans and advances, and shareholders’ equity stood at ₦22.9 trillion, ₦13.2 trillion, and ₦3.8 trillion respectively.
The group also highlighted the strong performance of Access Bank, which recorded a 27 percent increase in fee and commission income and a 38.7 percent growth in interest income.
The bank’s net interest income grew by 85 percent, rising from ₦536.7 billion in H1 2024 to ₦992.7 billion in H1 2025, while fee and commission income reached ₦294.9 billion, driven by increased transaction volumes.
Profit before tax stood at ₦303 billion, and profit after tax at ₦199.3 billion, with its subsidiaries contributing 65 percent to the group’s overall profit before tax.
Access Holdings also reported significant gains across its non-banking businesses. ARM Pensions grew its revenue by 29.9 percent to ₦21 billion and profit before tax by 65.1 percent to ₦13.1 billion, achieving a return on average equity of 48.1 percent and a profit margin of 62.5 percent.
Hydrogen Payments recorded a 40.5 percent rise in revenue, a 273 percent growth in profit before tax, and processed ₦41.1 trillion in transactions—up from ₦13.8 trillion the previous year. Access Insurance Brokers sustained momentum with a 125 percent increase in gross written premium, 146 percent growth in revenue, and 161 percent rise in profit before tax.
Meanwhile, Oxygen X, the group’s digital lending arm, posted ₦5.4 billion in revenue and ₦2.2 billion profit before tax since its launch in Q3 2024.
Access Holdings said its diversified structure and disciplined risk management continue to position the group for sustained growth, market expansion, and long-term profitability across all its business segments.
