Access Holdings Plc achieved a remarkable milestone by crossing the N1 trillion profit mark for the first time in its history during FY 2025. In Q1 2026, the bank reported a pre-tax profit of N272.21 billion, reflecting a significant 22.19% increase compared to Q1 2025.
Key financial metrics:
- Interest income declined by 9% to N895.034 billion in Q1 2026.
- Non-interest income grew by 19% to N444.683 billion in Q1 2026.
- Impairment charges surged by 239% to N73.81 billion in Q1 2026.
- Profit after tax reached N216.537 billion, up 18.49% year-on-year.
- Total operating expenses were N411.268 billion, marking a 26.16% increase year-on-year.
This context matters because it showcases how Access Holdings has navigated challenges within the Nigerian banking industry. The decline in interest income indicates potential pressures on traditional revenue streams, while the growth in non-interest income suggests successful diversification strategies.
Innocent C. Ike, the CEO of Access Holdings, stated, “Our 2025 performance reflects both the resilience of the Access franchise and the strength of the institution we have built over time.” This underscores not just financial success but also strategic positioning within a competitive landscape.
Moreover, net interest income after impairment charges grew by 34% year-on-year to N265 billion; however, this was still lower than the net non-interest income of N444.683 billion. This shift highlights an evolving financial performance where non-interest avenues are gaining traction.
The next expected development is how Access Holdings will continue this momentum into subsequent quarters, particularly as it has now entered a more deliberate optimization phase focused on returns on capital and long-term value creation.
As of May 1, 2026, Access Holdings’ share price was noted at N27, reflecting market confidence following its record-breaking financial performance in FY 2025 and Q1 2026.