Royal Exchange Plc has reported a pre-tax profit of ₦1.49 billion for the third quarter (Q3) ended September 30, 2025 representing a 90% increase from ₦781.16 million recorded in the same period of 2024.
According to the company’s unaudited financial statement filed with the Nigerian Exchange (NGX) on October 14, 2025, the impressive performance was driven by strong growth in earned income, which jumped 86% to ₦1.86 billion, up from ₦996.87 million in Q3 2024.
Interest income also rose sharply from ₦82.29 million in 2024 to ₦287.03 million in 2025.
The group reported no tax liability for the period, leaving net profit at ₦1.49 billion, the same as its pre-tax profit also reflecting a 90% year-on-year growth. Despite this, earnings per share (EPS) declined by 64% to ₦0.36.
Performance Details
Royal Exchange Plc recorded a 9.5% increase in total assets to ₦11.13 billion, compared to ₦10.16 billion in 2024.
Key highlights include:
- Investments in associates grew to ₦8.2 billion from ₦5.96 billion, representing about 75% of total assets.
- Loans and advances to customers more than doubled, rising from ₦420 million to ₦1.08 billion.
- Cash and cash equivalents climbed to ₦1.17 billion, up from ₦937 million in the prior period.
- Shareholders’ funds increased by 23% to ₦7.62 billion, boosted by share capital, share premium, and a recovery in retained earnings, which swung from a ₦1.69 billion deficit in 2024 to a ₦429.5 million surplus in 2025.