Wema Financial institution Plc ended 2025 with its after-tax revenue rising by 124 p.c to N193.2 billion, from N86.3 billion within the earlier yr, pushed by progress in curiosity earnings, an increasing mortgage e book, and stronger working money flows.
In line with the financial institution’s unaudited monetary assertion for the yr ended December 31, 2025, the lender’s gross earnings rose to about N653.3 billion, in contrast with N433.4 billion in 2024, reflecting increased yields on loans and funding securities amid Nigeria’s elevated rate of interest setting.
Curiosity earnings jumped to N577.1 billion from N354.6 billion a yr earlier, supported by a big growth in loans and advances to clients, which rose 45 p.c to N1.75 trillion from N1.20 trillion in 2024. Revenue from funding securities additionally elevated, highlighting the financial institution’s lively stability sheet positioning.
Though curiosity expense rose to N217.0 billion from N177.6 billion, largely as a consequence of increased prices on buyer deposits and borrowings, web curiosity earnings nonetheless greater than doubled to N360.1 billion, up from N177.1 billion within the prior yr.
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After accounting for impairment prices of N23.0 billion on monetary property, web curiosity earnings stood at N337.1 billion, in contrast with N155.4 billion in 2024, underscoring improved asset yield and scale.
Non-interest earnings remained resilient, with web charge and fee earnings rising modestly to N57.9 billion from N55.6 billion. Development was largely pushed by digital banking charges, account upkeep prices, and administration charges, reflecting the financial institution’s continued push into digital banking and transaction-based providers.
Nonetheless, different earnings declined to N8.9 billion from N17.3 billion, primarily as a consequence of decrease overseas alternate revaluation beneficial properties, whereas web buying and selling earnings improved to N8.4 billion from N3.4 billion in 2024.
General working earnings surged to N413.3 billion, almost double the N234.2 billion recorded within the earlier yr.
Working bills additionally rose consistent with enterprise growth and inflationary pressures. Personnel prices elevated to N70.2 billion from N45.5 billion, whereas different working bills climbed to N108.6 billion from N77.5 billion, pushed by increased AMCON levy, expertise and digital channel prices, service prices, and basic administrative bills.
Regardless of the associated fee improve, revenue earlier than tax greater than doubled to N222.1 billion, from N102.5 billion in 2024, reflecting sturdy income progress outpacing bills.
After earnings tax expense of N28.9 billion, revenue for the yr settled at N193.2 billion.
Wema Financial institution’s complete property grew by 41 p.c to N5.06 trillion as at December 2025, from N3.59 trillion within the earlier yr, supported by progress in money balances, loans, and funding securities.
Money and money equivalents surged to N934.8 billion from N278.9 billion, reflecting sturdy liquidity and better working inflows.
Funding securities rose to about N1.34 trillion from N900.2 billion, whereas buyer deposits elevated 30 p.c to N3.28 trillion from N2.52 trillion in 2024, indicating improved buyer confidence and funding base.
Shareholders’ fairness greater than doubled to N621.7 billion from N256.4 billion, boosted by sturdy retained earnings and recent capital raised by way of rights points and particular placements throughout the yr.
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Web money from working actions soared to N982.9 billion, up from N311.7 billion in 2024, pushed by increased curiosity receipts, elevated deposits, and progress in different liabilities. This sturdy money era improved the financial institution’s liquidity place and supported asset growth.
The sharp rise in earnings translated into stronger efficiency metrics. Return on fairness (ROE) improved considerably to about 31 p.c, in contrast with roughly 34 p.c beforehand on a a lot smaller fairness base, whereas earnings per share rose to 708 kobo from 483 kobo in 2024.
