Access Holdings Reports ₦2.5 Trillion Gross Earnings in H1 2025, Records Strong Growth Across All Business Lines

Access Holdings Reports ₦2.5 Trillion Gross Earnings in H1 2025, Records Strong Growth Across All Business Lines

Access Holdings Plc has announced impressive financial results for the half-year period ended June 30, 2025, recording ₦2.5 trillion in gross earnings, representing a 13.8% year-on-year increase from ₦2.2 trillion in the corresponding period of 2024.

According to the Group’s audited financial statements released on Thursday, the performance reflects the resilience of its business model, diversified revenue streams, and consistent progress toward the execution of its five-year strategic plan.

Interest income surged by 38.9% year-on-year to ₦2.0 trillion, while net interest income grew by 91.8% to ₦984.6 billion from ₦513.4 billion recorded in H1 2024. Fee and commission income also rose by 16.1% to ₦237.7 billion, driven by higher transaction volumes and improved customer engagement.

Overall, the Group reported a profit before tax (PBT) of ₦320.6 billion and profit after tax (PAT) of ₦215.9 billion, underscoring what it described as the strength and resilience of its operations across diverse markets.

Key balance sheet indicators remained robust, with total assets standing at ₦42.4 trillion, customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion.

The Banking Group, which contributed the largest share of the Group’s performance, delivered a 38.7% growth in interest income, reaching ₦2.0 trillion, while net interest income rose by 85% to ₦992.7 billion. Profit before tax closed at ₦303.0 billion, and profit after tax at ₦199.3 billion, with the Group’s African and international subsidiaries contributing 65% of total PBT.

Beyond banking, Access Holdings’ non-banking subsidiaries also posted remarkable performances.

• Access ARM Pensions recorded a 29.9% growth in revenue to ₦21.0 billion, with profit before tax rising by 65.1% to ₦13.1 billion, achieving a return on average equity (ROAE) of 48.1%.
• Hydrogen Payments grew its top-line revenue by 40.5% and increased its PBT by 273%, processing transactions worth ₦41.1 trillion, up by 211% year-on-year.
• Access Insurance Brokers saw a 125% increase in gross written premiums, while its revenue and PBT grew by 146% and 161% respectively.
• Oxygen X, the Group’s digital lending arm, generated ₦5.4 billion in revenue and ₦2.2 billion in PBT in just its first full operational half-year since launching in Q3 2024.

Access Holdings said it remains focused on scaling its digital and transaction-led income streams, driving revenue diversification, and embedding efficiency, innovation, and disciplined risk management across all business areas.

Reaffirming its commitment to shareholders, the Group noted that its long-term goal is to build a stronger, more agile institution that consistently delivers superior returns, fosters innovation-driven growth, and enhances investor confidence.

“Access Holdings remains confident that it will continue to deliver sustainable value and returns to its shareholders,” the company stated, appreciating the continued trust and support of its shareholders, customers, and employees.

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