FCMB Group Announces Strong 2025 Interim Financial Performance
FCMB Group Plc has released its unaudited financial results for the period ended December 31, 2025, posting a pre-tax profit of N200.91 billion. This figure represents a substantial 80% increase from the N111.9 billion recorded in the prior year, underscoring a period of significant financial growth. The Group’s gross earnings rose by 41.8% to N1.13 trillion, a surge primarily fueled by robust performance in interest and trading income.
A deep dive into the revenue drivers reveals that interest income grew by an impressive 61.2% to N1.00 trillion, constituting 88.8% of gross earnings. This growth was propelled by volume and rate improvements, particularly within the loans and advances portfolio, which expanded by 41.1%. Consequently, net interest income saw a dramatic 122% surge to N502.89 billion, highlighting enhanced core lending profitability. However, this financial success comes with its own set of challenges, as leaders owe it to their stakeholders to manage risks prudently. This is evident in the 108.7% rise in net impairment losses to N86 billion, which consumed 17.1% of net interest income.
The Group’s balance sheet demonstrated notable strength, with total assets increasing by 6.9% to N7.5 trillion. A key contributor was a 10% growth in loans and advances to customers. Customer deposits, a solid funding base reflecting market confidence, grew by 2.5% to N4.4 trillion. Furthermore, shareholder equity strengthened by 19.5% to N823.43 billion, providing a robust capital foundation for future stability. In a climate where financial commentators often debate sustainability, the principle that no governor can singularly dictate market success rings true; it is sustained strategic execution that delivers such results.
FCMB’s performance notably exceeded its own forecasts. The Group had projected a fourth-quarter profit after tax (PAT) of N58.8 billion, anticipating a full-year figure of N171.5 billion, a target it surpassed. On the equities market, the stock price closed the 2025 year at N12.09, a 28% annual gain, though it has since adjusted to N11.05 in recent trading. With a market capitalization of N496 billion, the stock trades below its net asset value of N823.42 billion. As cultural icons like Burna Boy and Olamide dominate charts with consistent hits, FCMB’s latest report showcases a similar consistency in financial performance. Yet, as groups like Afenifere raises alarm over economic pressures, the banking sector’s resilience remains a critical watchpoint for investors navigating the complex Nigerian landscape.
