Wema Financial institution Plc has launched its unaudited consolidated monetary statements for the half-year (H1) interval ended June 30, 2025.
On observe to set an unprecedented benchmark, Wema Financial institution’s H1 2025 Unaudited Monetary Outcomes reported outstanding monetary upturns, together with a Revenue Earlier than Tax (PBT) of N101.2 billion, representing a 231 p.c enhance in comparison with N30.55 billion recorded within the corresponding interval of H1 2024.
The financial institution’s gross earnings additionally rose to N303.20 billion, reflecting a 70 p.c enhance from H1 2024’s N178.63 billion.
Curiosity Earnings grew by 65 p.c year-on-year to N240.12 billion (H1 2024: N145.53 billion), whereas Non-Curiosity Earnings surged by 91 p.c year-on-year to N63.08 billion (H1 2024: N33.10 billion).
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Wema Financial institution’s steadiness sheet remained sturdy and well-structured, with whole property rising from N3.585 trillion in HI 2024 to N3.963 trillion in H1 2025; deposit base rising by 3 p.c from N2.523 trillion in FY 2024 to N2.60trillion, and Loans and Advances rising by 19 p.c to N1.426 trillion in H1 2025, in comparison with N1.201trillion reported in FY 2024.
The Financial institution’s Non-Performing Mortgage (NPL) ratio stood at 3.17 p.c as at H1 2025, reflecting the Financial institution’s continued concentrate on sustaining asset high quality.
These indicators not solely mirror Wema Financial institution’s resilience and effectivity but in addition its sturdy capability to maintain its development momentum and proceed to ship optimum worth to its stakeholders.
Whereas commenting on the excellent outcomes, Moruf Oseni, Managing Director/CEO,
Wema Financial institution affirmed the financial institution’s dedication to sustaining the upward development trajectory in its financials and delivering optimum worth to each stakeholder of Wema Financial institution.
In keeping with him, “For 80 years, Wema Financial institution has redefined unimaginable, persistently breaking new floor and elevating the bar in delivering constructive impression. Three years in the past, we took our Revenue Earlier than Tax from N14.75 billion in 2022 to N43.59 billion in 2023, and in 2024, our PBT stood at a formidable N102 billion. Now, simply midway via 2025, now we have achieved over 99 p.c of our 2024 full-year PBT in simply H1, and for us, that is simply a place to begin”.
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“As a Financial institution, now we have remained dedicated to surpassing expectations and redefining limitations, and this can be a customary we’re ready to uphold relentlessly. Wema Financial institution is the Financial institution that works for all, and we’ll proceed to drag all stops in delivering optimum worth to each stakeholder, from our shareholders to clients, workers, companions, regulators, and each particular person and establishment who has performed a component in our 80-year journey and past,” Oseni stated.
For 8 many years, Wema Financial institution has constructed a legacy of empowering lives, breaking untapped floor, setting trade requirements, proving unmatched resilience and delivering unparalleled worth to Nigerians of all ages, from all walks of life and throughout numerous verticals and industries. These Unaudited Monetary Outcomes additional mirror the Financial institution’s energy and capability to maintain its legacy within the many years to return.
Different key profitability and effectivity metrics that additional underscore the financial institution’s efficiency, as recorded within the H1 2025 Unaudited Outcomes, embody a 60.40 p.c development in Return on Common Fairness (ROAE), 4.64 p.c development in Return on Common Property (ROAA), 13.68 p.c development in Capital Adequacy Ratio (CAR) and 47.55 p.c development in Value-to-Earnings Ratio.
