FCMB Group Plc has released its unaudited financial results for the half-year (H1) ended June 30, 2026, reporting a 99 percent year-on-year (YoY) increase in profit before tax to N157.3 billion from N79.1 billion in the corresponding period of 2025, extending the strong earnings momentum recorded in the 2025 financial year.
Highlights of the six-month results released on the Nigerian Exchange Limited (NGX) showed year-on-year profit before tax growth across all four divisions of the Group: Consumer Finance (92 percent), Banking Group (80 percent), Investment Banking (76 percent), and Investment Management (50 percent).
Gross earnings grew by 27.8 percent to N676.2 billion for the first half of 2026, from N529.2 billion in the first half of 2025, driven by a 31 percent growth in interest income and a 22 percent growth in earning assets, from N4.90 trillion to N5.98 trillion. Annualised Earnings Per Share (EPS) increased to N4.23 in the first half of 2026 from N3.96 for the full year 2025, despite a larger post-recapitalisation share base, demonstrating the Group’s enhanced earnings-generating capacity.
Commenting on the results, Ladi Balogun, group chief executive, FCMB Group said:
“Our first-half performance demonstrates the strength of our recapitalised and diversified business model. We delivered record profitability despite accelerating the normalisation of asset quality towards regulatory thresholds, reflecting our commitment to building a stronger balance sheet for long-term growth.
