Access Bank has released its financial results for June 2025. The half-year results highlighted key areas of growth and sustainability of the company and its subsidiaries. This article focuses on key revenue growth from Access Holding's results, published on the NGX.
What's going on?
Access Holding's growth in interest revenue from N1 trillion to N2 trillion in H1 2025 compared to H1 2024. This represents a 38.9% increase from the first half of 2024. Its gross earnings also went up from N2.19 trillion to N2.49 trillion. A sustainable improvement of 13.8 per cent.
Key indicators from the highlight show continuous improvement for the company. Return on Average Equity was reported as 11.4 per cent. Return on average assets is 1.0%. Cost-to-income ratio fell to 59.5% from 60.4% H1 2025 compared to H1 2024. Signalling the maintenance of low cost despite higher revenue. The Non-performing loan (NPL) ratio was down to 2.68% from 2.76%. This is an improvement from the H1 2024 financial results.
The impairment figure increased to N230 billion, and operating expenses (OPEX) were N808.7 billion. This resulted in a decrease in Profit after tax of N215.9 billion. However, the previous half-year PBT was N281.3 billion. From the balance sheet side, total assets grow to N42.4 trillion. Last year, it was 41.4 trillion. Shareholders' fund improved to N3.8 trillion from N3.7 trillion in H1 2024.
Highlight of the revenue
The report shows strong revenue growth from its subsidiary, including its Fintech company Oxygen X and Hydrogen. The highlights are explained below:
Hydrogen:
Access Holding's payment platform had a growth in transaction volume by 211% in the first half of 2025. That is, a total of 41.7 trillion Naira transaction value up from N13.8 trillion. Profit from the subsidiary improved to 40.5%.
Oxygen X:
This digital lending platform was launched in the third quarter of 2024. In the half-year report for 2025, the company shows resistance. It contributed N5.4 billion in revenue and N2.2 billion in profit before tax.
Access Insurance brokers:
The non-banking company saw a spike in gross written premiums by a 125 per cent increase YoY. The result shows that revenue grows by 146 per cent. Also, its profit before tax increased to 161%.
ARM Pension:
Its pension company gave a solid momentum. The non-banking subsidiary revenue growth was 21 billion Naira, while its profit before tax figure rose to N13.1 billion. The company realised an operational efficiency that resulted in a profit before tax margin of 62.1 per cent for the year.
Banking revenue:
Access Holding's core business is its banking group. Thereby, contributing to total revenue by 65% in H1 2025. This shows Access Bank's leading prowess in the banking industry.
In conclusion, Access Holding remained committed to being among the top banks in the banking industry. The sustainable growth resulted from horizontal sales within the financial sector of the economy. Its share price was sold at 24.95 Naira on Friday, which represents a 0.2 per cent increase from the previous day's trading data.
Source: Here