FCMB Group posts record N177.3 billion profit, up 147.7%
By Aboki Forex —
FCMB Group reported a 147.7% jump in net profit to a record N177.3 billion for the 2025 financial year, driven by a sharp rise in interest income. The result compares with N73.3 billion a year ago, according to the audited earnings report filed at the Nigerian Exchange.
Shares in the financial services group rose 7.6% on Lagos’ Customs Street by 11:30 WAT after the results were released. FCMB Group operates commercial banking, asset management, pensions, trusteeship, and microfinance.
Dividend and earnings breakdown
The board proposed a cash dividend of N0.35 per share, which translates to a potential payout of N23.1 billion. That is lower than the N0.55 per share paid for the 2024 financial year.
Gross earnings rose 42.5% to N1.1 trillion. Net interest income, the difference between interest earned on loans and paid on deposits, expanded 124.5% to N505.9 billion. Net fee and commission income grew 30.4% to N76.7 billion, supported by higher service fees, commissions, and account maintenance charges.
The group set aside N81.7 billion to cover impaired assets, mostly bad loans, up from N41.2 billion a year earlier. Profit before minimum tax and income tax advanced 80.6% to N200.9 billion from N112.1 billion.
Total assets and Q1 results
Total assets as of 31 December 2025 stood at N7.6 trillion, up from N7.1 trillion, driven by a sharp rise in investment securities.
FCMB Group also released its first quarter earnings on Monday. Profit after tax surged to N76.5 billion from N32.2 billion. Gross earnings for the quarter increased 26.7% to N320.2 billion.