Access Holdings Plc has recorded a strong financial performance in the first half of 2025, achieving gross earnings of N2.5 trillion, a development that has been well received by shareholders who have expressed renewed confidence in the financial services provider. The company’s latest half-year audited results for the period ended June 30, 2025, showed that its earnings grew by 13.8 per cent year-on-year from the N2.2 trillion recorded in the same period of 2024.
According to the report, this performance was largely driven by a strong increase in interest income, which rose by 38.9 per cent year-on-year to N2.0 trillion from N1.5 trillion in the first half of 2024. Net interest income also grew sharply by 91.8 per cent to N984.6 billion, up from N513.4 billion in the previous year. The growth reflects the company’s ability to optimize its interest-earning assets and strengthen its lending portfolio despite economic challenges.
The group also reported an improvement in net fees and commission income, which increased by 16.1 per cent to N237.7 billion from N204.7 billion in the same period last year. Profit before tax (PBT) and profit after tax (PAT) stood at N320.6 billion and N215.9 billion, respectively. “This result underscores the strength and resilience of our business model in the markets we operate in,” the company said in its statement.
Key financial indicators remained strong, with total assets closing at N42.4 trillion, customer deposits at N22.9 trillion, loans and advances at N13.2 trillion, and shareholders’ equity at N3.8 trillion. Access Holdings noted that its performance reflects the diversification of its revenue streams and steady progress in executing its five-year strategic growth plan.
The banking segment of the group continued to perform strongly, as interest income rose by 38.7 per cent year-on-year to N2.0 trillion from N1.5 trillion in 2024. Net interest income expanded by 85 per cent to N992.7 billion from N536.7 billion, while fee and commission income increased by 27 per cent to N294.9 billion from N232.5 billion. Profit before tax (PBT) and profit after tax (PAT) for the banking segment closed at N303.0 billion and N199.3 billion, respectively.
The non-banking subsidiaries of Access Holdings also maintained strong growth momentum. Access-ARM Pensions reported a 29.9 per cent rise in revenue to N21.0 billion and a 65.1 per cent surge in profit before tax to N13.1 billion. The subsidiary achieved a return on average equity (ROAE) of 48.1 per cent, a cost-to-income ratio of 35.1 per cent, and a profit-before-tax margin of 62.5 per cent, demonstrating operational efficiency and profitability.
Hydrogen Payments, another subsidiary, recorded a 40.5 per cent increase in top-line revenue compared to the same period in 2024. Profit before tax grew by an impressive 273 per cent year-on-year, while the total transaction value processed rose by 211 per cent to N41.1 trillion from N13.8 trillion.
Access Insurance Brokers sustained strong performance, with a 125 per cent increase in gross written premium, a 146 per cent growth in revenue, and a 161 per cent rise in profit before tax. Oxygen X, the group’s digital lending arm launched in the third quarter of 2024, also continued its positive trajectory, generating N5.4 billion in revenue and N2.2 billion in profit before tax in the first half of 2025.