Access Holdings Plc, one of Africa’s leading financial services conglomerates, has announced a strong half-year performance for the period ended June 30, 2025, reporting ₦2.5 trillion in gross earnings. This represents a 13.8% year-on-year growth from ₦2.2 trillion recorded in the same period of 2024 — a testament to the Group’s robust business model, strategic diversification, and disciplined execution across all operating subsidiaries.
In a statement signed by Sunday Ekwochi, Company Secretary, the Group attributed the impressive results to the resilience of its five-year strategic plan and its focus on scaling non-interest revenue streams, expanding its African footprint, and driving innovation through digital transformation.
“Our H1 2025 performance reflects the resilience of our business model, the diversification of our income streams, and the strength of our strategy to build a sustainable, multi-vertical financial ecosystem,” the statement read.
Strong Financial Highlights
Access Holdings’ gross earnings rose to ₦2.5 trillion in the first half of 2025, driven by a 38.9% increase in interest income, which surged to ₦2.0 trillion from ₦1.5 trillion in H1 2024.
Net interest income also showed significant growth, rising 91.8% year-on-year to ₦984.6 billion, while net fees and commission income grew 16.1% to ₦237.7 billion.
The Group’s profit before tax (PBT) stood at ₦320.6 billion, with profit after tax (PAT) closing at ₦215.9 billion, highlighting sustained profitability amid macroeconomic challenges.
On the balance sheet side, the Group maintained strong fundamentals, with total assets at ₦42.4 trillion, customer deposits at ₦22.9 trillion, loans and advances at ₦13.2 trillion, and shareholders’ equity at ₦3.8 trillion.
Banking Subsidiary Remains the Growth Engine
Access Bank, the Group’s core banking business, continued to anchor overall performance, contributing 65% of the Group’s profit before tax (PBT).
Interest income grew by 38.7% to ₦2.0 trillion, while net interest income expanded 85%, reaching ₦992.7 billion. Fee and commission income increased by 27%, totaling ₦294.9 billion, driven by higher transaction volumes across digital and payment channels.
Access Bank closed the period with a PBT of ₦303.0 billion and PAT of ₦199.3 billion, reinforcing its position as Nigeria’s most profitable and diversified financial institution.
Non-Banking Businesses Record Outstanding Growth
Access Holdings’ non-banking subsidiaries posted remarkable growth, solidifying the Group’s position as a diversified financial services leader:
- Access ARM Pensions grew revenue by 29.9% to ₦21.0 billion and PBT by 65.1% to ₦13.1 billion. It delivered a Return on Average Equity (ROAE) of 48.1% and maintained a low cost-to-income ratio of 35.1%, demonstrating strong operational efficiency.
- Hydrogen Payments, the Group’s digital payments subsidiary, recorded 40.5% revenue growth and an exceptional 273% rise in profit before tax. Transaction value surged 211%, reaching ₦41.1 trillion in H1 2025 compared to ₦13.8 trillion in H1 2024.
- Access Insurance Brokers sustained strong momentum, posting a 125% increase in gross written premium, 146% revenue growth, and a 161% jump in profit before tax, underscoring the Group’s growing impact in the insurance market.
- Oxygen X, the Group’s digital lending arm launched in Q3 2024, made a strong showing in its first full operational half-year, delivering ₦5.4 billion in revenue and ₦2.2 billion in profit before tax in H1 2025.
These results underscore the effectiveness of Access Holdings’ multi-vertical business structure, which continues to deliver sustainable growth and profitability across its banking, pensions, insurance, and fintech operations.
Strategic Outlook: Building the Financial Institution of the Future
Access Holdings reaffirmed its commitment to sustained profitability, digital innovation, and operational excellence. The Group said it will continue to strengthen its risk governance, leverage technology, and drive revenue diversification to enhance shareholder value and market resilience.
The company emphasized that its long-term goal remains to build a stronger, more agile, and innovation-driven financial services institution, capable of supporting economic growth and wealth creation across Africa and beyond.
Access Holdings expressed appreciation to its shareholders, customers, and employees for their continued trust, noting that the Group is on course to deepen market penetration, enhance cross-selling opportunities, and deliver superior value across all business segments.
“Together, we are building a stronger and more inclusive financial ecosystem that empowers businesses and individuals across our markets,” the Group stated.
About Access Holdings Plc
Access Holdings Plc is a leading African financial services group with operations spanning commercial banking, asset management, insurance, pensions, payments, and digital lending. The Group continues to expand its footprint across key African markets and international financial centers, executing a bold strategy to become the most respected African financial institution with global reach.
Access Holdings Plc reports ₦2.5 trillion in gross earnings for H1 2025, up 13.8% year-on-year. The Group posts ₦320.6 billion PBT, driven by strong banking, pensions, insurance, and fintech growth across Africa.
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