News
VENO NEWS: Access Holdings reports ?2.5 trillion gross earnings in H1 2025
Date: 25-10-25
Access Holdings Plc (“the Group” or “the Company”) today announced its half-year audited financial results for the period ended June 30, 2025.
The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan.
Gross earnings increased by 13.8% year-on-year to ?2.5 trillion in H1 2025 from ?2.2 trillion in H1 2024, driven by strong growth in interest income which increased by 38.9% year-on-year to ?2.0 trillion from ?1.5 billion in H1 2024.
Net interest income also increased by 91.8% year-on-year to ?984.6 billion in H1 2025 from ?513.4 billion in H1 2024.Complementing this performance was a growth in net fees and commission income, which increased by 16.1% year-on-year to ?237.7billion in H1 2025 from ?204.7 billion in H1 2024.
Profit before tax (PBT) and profit after tax (PAT) closed at ?320.6 billion and ?215.9 billion respectively underscoring the strength and resilience of our business model in the markets we operate in.
Key balance sheet indicators remain strong with total assets, customer deposits, loans and advances, and shareholders’ equity closing at ?42.4 trillion, ?22.9 trillion, ?13.2 trillion ?3.8 trillion respectively.
The Banking group demonstrated resilient performance in H1 2025. Interest income grew by 38.7% year-on-year to ?2.0 trillion in H1 2025 from ?1.5 trillion in H1 2024. Net interest income increased by 85%, from ?536.7 billion in H1 2024 to ?992.7 billion in H1 2025.
Fee and commission income increased by 27% to ?294.9 in H1 2025 from ?232.5 billion in H1 2024 driven by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at ?303.0 billion and ?199.3 billion respectively.
Banking group subsidiaries contributed 65% to the Banking group’s profit before tax (PBT) in H1 2025. This result highlights our journey towards sustainable performance and execution across our key African and international markets.
The Group’s non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9% to ?21.0 billion and profit before tax up 65.1% to ?13.1 billion. The business delivered a solid ROAE of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, underscoring strong operational efficiency and profitability.
Hydrogen Payments recorded a 40.5% growth in top-line revenue compared to H1 2024. Profit before tax (PBT) grew by 273% year-on-year. The total transaction value processed increased by 211%, reaching ?41.1 trillion in H1 2025, up from ?13.8 trillion in H1 2024.
Access Insurance Brokers has sustained strong momentum, recording a 125% year-on-year increase in gross written premium, 146% growth in revenue, and a 161% improvement in profit before tax (PBT). Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering ?5.4 billion in revenue and ?2.2 billion in profit before tax in H1 2025.
Access Holdings’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the Group to drive continued growth and profitability.
The group’s focus remains on driving prudent growth and continued execution of its strategic priorities, scaling its digital and transaction-led income streams, increasing revenue diversification, embedding efficiency, innovation, and disciplined portfolio management across all areas of the business.
It will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability.Access Holdings remains confident that it will continue to deliver sustainable value and returns to its shareholders.
Its long-term objective is to build a stronger, more agile Group that consistently delivers superior returns, fosters innovation-driven growth, and optimises portfolio performance to create inclusive value across its markets while reaffirming investor confidence in the strength and future of Access Holdings.
The Group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future.
Date: 25-10-25
Access Holdings Plc (“the Group” or “the Company”) today announced its half-year audited financial results for the period ended June 30, 2025.
The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan.
Gross earnings increased by 13.8% year-on-year to ?2.5 trillion in H1 2025 from ?2.2 trillion in H1 2024, driven by strong growth in interest income which increased by 38.9% year-on-year to ?2.0 trillion from ?1.5 billion in H1 2024.
Net interest income also increased by 91.8% year-on-year to ?984.6 billion in H1 2025 from ?513.4 billion in H1 2024.Complementing this performance was a growth in net fees and commission income, which increased by 16.1% year-on-year to ?237.7billion in H1 2025 from ?204.7 billion in H1 2024.
Profit before tax (PBT) and profit after tax (PAT) closed at ?320.6 billion and ?215.9 billion respectively underscoring the strength and resilience of our business model in the markets we operate in.
Key balance sheet indicators remain strong with total assets, customer deposits, loans and advances, and shareholders’ equity closing at ?42.4 trillion, ?22.9 trillion, ?13.2 trillion ?3.8 trillion respectively.
The Banking group demonstrated resilient performance in H1 2025. Interest income grew by 38.7% year-on-year to ?2.0 trillion in H1 2025 from ?1.5 trillion in H1 2024. Net interest income increased by 85%, from ?536.7 billion in H1 2024 to ?992.7 billion in H1 2025.
Fee and commission income increased by 27% to ?294.9 in H1 2025 from ?232.5 billion in H1 2024 driven by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at ?303.0 billion and ?199.3 billion respectively.
Banking group subsidiaries contributed 65% to the Banking group’s profit before tax (PBT) in H1 2025. This result highlights our journey towards sustainable performance and execution across our key African and international markets.
The Group’s non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9% to ?21.0 billion and profit before tax up 65.1% to ?13.1 billion. The business delivered a solid ROAE of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, underscoring strong operational efficiency and profitability.
Hydrogen Payments recorded a 40.5% growth in top-line revenue compared to H1 2024. Profit before tax (PBT) grew by 273% year-on-year. The total transaction value processed increased by 211%, reaching ?41.1 trillion in H1 2025, up from ?13.8 trillion in H1 2024.
Access Insurance Brokers has sustained strong momentum, recording a 125% year-on-year increase in gross written premium, 146% growth in revenue, and a 161% improvement in profit before tax (PBT). Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering ?5.4 billion in revenue and ?2.2 billion in profit before tax in H1 2025.
Access Holdings’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the Group to drive continued growth and profitability.
The group’s focus remains on driving prudent growth and continued execution of its strategic priorities, scaling its digital and transaction-led income streams, increasing revenue diversification, embedding efficiency, innovation, and disciplined portfolio management across all areas of the business.
It will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability.Access Holdings remains confident that it will continue to deliver sustainable value and returns to its shareholders.
Its long-term objective is to build a stronger, more agile Group that consistently delivers superior returns, fosters innovation-driven growth, and optimises portfolio performance to create inclusive value across its markets while reaffirming investor confidence in the strength and future of Access Holdings.
The Group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future.
LINKS
- VENO TV: Entertainment Nollywood Actress Tope Osoba Dies at 40- VENO TV Editorial TikToker, Tradition and Human Dignity: Culture Must Never Become an Excuse for Abuse
- VENO TV: Politics Osun Election: Tosin Odeyemi Emerges New Osun IPAC Chairman
- VENO TV: FEATURE Sowore to President Tinubu: "Go to Adult School, Let Serious People Contest 2027"
- VENO TV: From the Pulpit "Let Us Stop Carrying the Heavy Bags of Anger and Hatred" — Princess Pastor Venisa Ojo (Omo Oba Jesu)
- VENO TV:Remembering Sawe Photo, Jossy Popular Photo and Orisco Photo: The Trio That Dominated Igbara-Oke's World of Photography in the 1980s
- VENO tv BUSINESS Developing the Tourism Sector: FTAN Seeks to Boost Tourism as a Driver of Economic Growth
- VENO tv: Sunday Tonic With Princess Pastor Venisa Ojo a.k.a Omo Oba Jesu.. ××× Wives submit to your husband... Princess Pastor Venisa Ojo a.k.a Omo Oba Jesu..
- VENO tv: Foreign News Germany Introduces Reforms to Spur Economic Recovery
- VENO tv: SOCIAL DIARY DAY OF GLORY FOR FCT MINISTER NYESOM WIKE AS DAUGHTER, JAZMYNE, GRADUATES FROM UK UNIVERSITY VENO Salutes the Wike Family
- VENO tv: Politics Benue APC Crisis Deepens as Assembly Tickets Allegedly Split Between Akume, Alia Camps
- VENO tv: Now,it may be time for the world to discover the man behind Ajan.
- VENO tv: POLITICS EIGHT YEARS AS GOVERNOR, ZERO HOUSES OWNED – I LIVED IN A FRIEND'S HOUSE — Ogbeni Rauf Aregbesola (Baba Kabiru) Trends Over Viral Video
- VENO tv: POLITICS Gov. Fubara Breaks Silence, Declares Support for Rainbow Coalition, Backs President Tinubu
- VENO tv: Auto Accident: Arowolo Family Expresses Gratitude
- VENO TV: MEDIA FEATURE Journalists Cry Out as Consultants, Middlemen Turn Nigerian Media Owners into Beggars CJPAN Moves to Restore Dignity, President Appeals for Calm
- VENO tv: Bishop Dr. Sanya Ojo Endorses St. Johnx Collections – For Real Men
- VENO TV: OUR CONFIDENCE IS IN GOD ALONE...Bishop Dr.Sanya Ojo SOMH Cares
- VENO TV: Don't Be Intimidated by Your Enemies — Pastor Princess Venisa Ojo (Omo Oba Jesu) Encourages Christians
- VENO tv | POLITICS FCT Development: FCTA Holds Dinner to Celebrate Successful Completion of 3rd Anniversary Projects
Page 1 of 64 [Next] [Last Page]
