Wema Bank Plc posted a pretax profit of ₦100.5 billion for the six months ended June 30, 2025, soaring 229.12% from ₦30.5 billion in H1 2024.
Interest income climbed to ₦240.6 billion, marking a 64.76% year‑on‑year increase from ₦146 billion. Within this total, loans and advances to banks and customers accounted for ₦141 billion, securities generated ₦97.6 billion, and interest on cash and cash equivalents was modest at ₦2 billion.
Interest expense rose 34.45% to ₦111.4 billion, yet net interest income still surged 104.50% to ₦129.2 billion. After a N532.5 million impairment charge, net interest income for H1 2025 stood at ₦128.6 billion, 119.85% higher than the prior year.
Net fee and commission income climbed sharply to ₦45.3 billion, up 91.54% from ₦23.6 billion in H1 2024. This helped total operating income reach ₦191.7 billion, a substantial 109.27% increase from ₦91.6 billion in the prior year period.
While operating expenses also rose, the robust rise in operating income delivered a strong pretax profit. Post‑tax profit reached ₦87.5 billion, compared with ₦26.5 billion in the first half of 2024.
Total assets expanded to ₦3.9 trillion, reflecting a 10.53% increase over December 2024. Retained earnings grew to ₦169.3 billion, up from ₦103.2 billion at year‑end. As of July 30, 2025, Wema Bank shares traded at ₦20, delivering a YTD return of 126%, a strong showing for investors.
