FCMB Group Plc (NGX: FCMB) has announced its audited financial results for the year ended Dec. 31, 2025, and its unaudited results for the first quarter ended March 31, 2026.
For the 2025 financial year, the Group’s profit before tax rose 81% year-on-year to ₦202.1 billion from ₦111.9 billion in 2024, while profit after tax increased 142% to ₦177.3 billion, leading to Return on equity improving to 23.2%.
The strong earnings momentum continued into the first quarter of 2026, with profit before tax and profit after tax increasing by 148% and 137%, respectively, to ₦87.0 billion and ₦76.5 billion.
All business divisions recorded double-digit growth and contributed positively to profitability during the period. In 2025, the banking subsidiary grew profit before tax by 110% to ₦163.3 billion, while the consumer finance, investment management and investment banking businesses recorded profit growth of 107%, 29% and 90%, respectively.
In the first quarter of 2026, profit growth across the divisions was 97% for banking, 99% for consumer finance, 54% for investment management, and 322% for investment banking.
The banking subsidiary, First City Monument Bank Ltd., benefited from the deployment of proceeds from its 2024 capital raise and higher yields on earning assets, resulting in growth in net interest income and return on equity.
Gross revenue grew 42.5% to ₦1.13 trillion in 2025, largely driven by a 61.7% growth in interest income and a 17.3% growth in earning assets, which grew from ₦4.18 trillion to ₦4.90 trillion.
The same drivers supported a
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