FCMB Group Plc has reported a Profit Before Tax (PBT) of ₦202.1 billion for the financial year ended December 31, 2025, representing an 81 percent increase from the previous year, as the financial services group benefited from stronger interest income, improved operating efficiency, and continued expansion across its business segments.
The group also sustained its growth trajectory in the first quarter of 2026, posting a PBT of ₦87 billion, a 148% year-on-year increase, while Profit After Tax rose 137% to ₦76.5 billion.
Gross revenue for FY 2025 increased by 42.5% to ₦1.13 trillion, supported by a 61.7% growth in interest income and expansion of earning assets to ₦4.9 trillion. The positive momentum extended into 2026, with first-quarter gross revenue rising 26.7% year-on-year to ₦320.2 billion.
Improved Efficiency and Strong Returns
FCMB Group’s Net Interest Income surged by 124.5% to ₦505.9 billion in 2025, driven by an improvement in Net Interest Margin from 6.3% to 9.5 percent. The margin strengthened further to 10.7 percent during the first quarter of 2026.
The group’s operational efficiency also improved significantly as its Cost-to-Income Ratio declined to 53.8 percent in 2025 from 59.9 percent a year earlier. The ratio improved further to 46.7% in the first quarter of 2026.
Return on Equity rose to 23.2% in FY 2025, while Return on Assets increased to 2.4 percent. Annualised Return on Equity reached 31 percent in the first quarter of 2026, reflecting stronger profitability across the business.
Balance Sheet Strengthens Above ₦7.9 Trillion
Total assets grew by 8.2 percent to ₦7.63 trillion at the end of 2025 and increased further to ₦7.96 trillion by March 2026.
Total equity expanded by 21.4 percent to ₦835.4 billion in 2025 and climbed to ₦1.14 trillion in the first quarter of 2026, supported by retained earnings growth and capital raised through the group’s 2025 public offer.
FCMB Group’s Capital Adequacy Ratio stood at 26.95 percent as of March 2026, providing a strong capital buffer for future growth.
The group also recorded significant growth in low-cost deposits, with current and savings account balances increasing by 17 percent in 2025 and a further 15 percent in the first quarter of 2026. This improved the low-cost deposit mix to 71.1 percent.
Banking Business Leads Performance
The Banking Group remained the largest contributor to earnings, accounting for 81 percent of total PBT. Banking division profit before tax rose 110 percent to ₦163.3 billion in FY 2025 and increased 97 percent to ₦56.1 billion during the first quarter of 2026.
Consumer finance subsidiary Credit Direct also delivered strong results, recording a 107 percent increase in PBT to ₦25.5 billion in 2025 and a 99 percent rise in the first quarter of 2026.
Investment Management businesses, including FCMB Pensions and FCMB Asset Management, posted a 29 percent increase in profit before tax to ₦8.4 billion, while Investment Banking operations recorded a 90 percent increase to ₦3.4 billion amid stronger capital market activity.
The Board proposed a dividend of 35 kobo per share for the 2025 financial year. The proposed payout reflects the increased number of shares following the group’s recapitalisation exercise and other capital management considerations.
