FCMB Group Plc has introduced its unaudited monetary outcomes for the six months ended June 30, 2025. The corporate posted a 23 per cent year-on-year rise in revenue earlier than tax, which rose to N79.3 billion, pushed primarily by improved web curiosity earnings and asset yields.
Based on the monetary assertion of the monetary conglomerate launched to the investing public, gross income for the interval rose to N529.2 billion, reflecting a 41.3 per cent year-on-year improve from N374.5 billion recorded within the first half of 2024. This improve was supported primarily by a 70.3 per cent development in curiosity earnings.
Nonetheless, non-interest earnings declined by 35.1 per cent because of a N36.6 billion drop in forex revaluation beneficial properties in comparison with final 12 months. Web curiosity earnings virtually doubled, rising from N106.2 billion within the earlier 12 months to N207.4 billion by June 2025. The yield on incomes belongings improved to twenty.2 per cent, resulting in a web curiosity margin of 9.1 per cent, up from 6.3 per cent within the 2024 monetary 12 months.
The Group’s digital enterprise, together with funds, lending, and wealth providers, grew strongly, accounting for 13.9 per cent of complete earnings. Digital revenues elevated by 60 per cent year-on-year, rising from N46 billion in June 2024 to N73.6 billion in June 2025.
FCMB Group’s working bills rose by 46.1 per cent to N153.2 billion because of larger personnel prices, regulatory bills, know-how prices, and common inflationary pressures. Regardless of this, the cost-to-income ratio improved to 57 per cent on the finish of June 2025, in comparison with 59.9 per cent recorded on the finish of 2024.
Web impairment losses on monetary belongings grew considerably to N36.2 billion quarterly following FCMB Group’s banking subsidiary exit from the Central Financial institution of Nigeria’s mortgage forbearance programme. This led to an increase in the price of threat to 2.8 per cent, up from 1.8 per cent within the 2024 monetary 12 months.
The Group’s steadiness sheet additionally improved, as complete belongings elevated by 6.9 per cent to N7.54 trillion, up from N7.05 trillion as of December 2024. Loans and advances grew modestly by 1.1 per cent to N2.38 trillion, impacted by forex revaluation, mortgage write-offs, and concentrated paydowns, whereas buyer deposits rose by 5.6 per cent to N4.55 trillion.
Property underneath administration elevated by 15.5 per cent, reaching N1.58 trillion, in comparison with N1.37 trillion in December 2024. FCMB’s funding banking enterprise, which incorporates advisory providers and capital market transactions, recorded a big improve in capital raised for its shoppers, rising by over 600 per cent year-on-year to N2.97 trillion.
The Group additionally reported improved steadiness sheet effectivity. A extra beneficial deposit combine and higher deployment of just lately raised capital helped scale back funding prices for the second consecutive quarter. Because of this, the web curiosity margin rose from 7.9 per cent within the first quarter to 10.1 per cent within the second quarter of 2025, contributing to the 9.1 per cent margin for the half-year. Administration expressed confidence in sustaining this pattern and exceeding its full-year NIM steering.
Following its N144.6 billion public capital increase in 2024, FCMB confirmed that the Central Financial institution of Nigeria has accomplished verification of the second part of the programme, a N22.5 billion necessary convertible be aware anticipated to extend the variety of issued shares to roughly 42.8 billion.
