Access Holdings Plc (“the Group”) in the present day introduced its unaudited outcomes for the 9 months ended 30 September 2026, delivering resilient profit development and improved earnings high quality.
Profit Before Tax elevated by 8.3% to ₦667.4 billion, whereas Profit After Tax rose by 5.9% to ₦474.2 billion. Performance was supported by development in core revenue and a big discount in impairment fees.
Impairment fees declined by 73.5% to ₦92.9 billion, ensuing in a 32.1% enhance in web curiosity revenue after impairment to ₦1.20 trillion. Net price and fee revenue elevated by 12.4% to ₦534.9 billion, whereas core working revenue grew by 5.4% to ₦1.83 trillion.
The outcomes replicate continued progress underneath the Group’s Scale-to-Value agenda, with emphasis on stronger execution capability, strong threat governance and regulatory compliance, disciplined capital allocation, higher working effectivity and improved capital productiveness.
Together, these priorities are targeted on translating the Group’s scale and diversified franchise into sustainable shareholder returns.
GMD/CEO COMMENT
Commenting on the outcomes, Group Managing Director/Chief Executive Officer, Innocent C. Ike, mentioned:
- “Our nine-month outcomes replicate continued progress in translating the power and scale of Access Holdings into sustainable shareholder returns.
- “The important discount in impairment fees, along with development in web curiosity revenue after impairment and web price and fee revenue, demonstrates the resilience of our core earnings base.
- “As we advance our Scale-to-Value agenda, our priorities stay clear: stronger execution capability, strong threat governance and regulatory compliance, disciplined capital allocation, higher working effectivity and improved capital productiveness.
- “These disciplines are fundamental to strengthening the quality and resilience of earnings and delivering sustainable shareholder returns.”
Financial highlights
For the 9 months ended 30 September 2026:
| Financial Metric | 9M 2026 | Year-on-Year Change |
| Gross Earnings | ₦4.0 trillion | up 2.3% |
| Interest Income | ₦3.1 trillion | up 6.9% |
| Net Interest Income (NII) | ₦1.3 trillion | up 2.7% |
| Impairment Charge | ₦92.9 billion | down 73.5% |
| Net Interest Income after Impairment Charge | ₦1.2 trillion | up 32.1% |
| Fee and Commission Income | ₦650.9 billion | up 8.4% |
| Net Fee and Commission Income | ₦534.9 billion | up 12.4% |
| Core Operating Income | ₦1.8 trillion | up 5.4% |
| Profit Before Tax (PBT) | ₦667.4 billion | up 8.3% |
| Profit After Tax (PAT) | ₦474.2 billion | up 5.9% |
Earnings efficiency
Interest revenue elevated by 6.9% to ₦3.1 trillion. Interest expense elevated by 10.1% to ₦1.8 trillion, ensuing in web curiosity revenue of ₦1.3 trillion, up 2.7%.
Earnings high quality improved considerably through the interval. Impairment fees declined by 73.5% to ₦92.9 billion, with web curiosity revenue after impairment rising by 32.1% to ₦1.2 trillion.
Fee and fee revenue elevated by 8.4% to ₦650.9 billion, whereas price and fee expense declined by 6.9% to ₦115.9 billion. As a outcome, web price and fee revenue elevated by 12.4% to ₦534.9 billion.
Operating bills elevated by 11.8% to ₦1.3 trillion. Improving working effectivity and strengthening working leverage stay vital priorities underneath the Scale-to-Value agenda.
Balance sheet
The Group maintained a resilient steadiness sheet, supported by continued buyer deposit development.
Total belongings elevated by 1.7% to ₦52.6 trillion at 30 September 2026, from ₦51.7 trillion at 31 December 2025.
Customer deposits elevated by 6.6% to ₦36.8 trillion, whereas loans and advances to prospects elevated by 7.4% to ₦14.3 trillion.
Shareholders’ funds remained broadly secure at ₦4.5 trillion.
Diversified Banking Franchise
The Banking Group remained the principal contributor to Group earnings, accounting for 96.0% of Group unaudited Profit Before Tax through the interval.
Operations exterior Nigeria accounted for 82.2% of Banking Group Profit Before Tax. International Banking subsidiaries contributed 43.7%, Rest of Africa 38.5%, and Nigeria 17.8%.
The Group continues to leverage its geographic footprint to deepen buyer relationships and enhance exercise throughout commerce finance, transaction banking, funds and treasury companies.
The more and more diversified earnings base gives a broader platform from which to enhance earnings high quality and capital productiveness.
Under Scale-to-Value, the main target is on changing this scale into sustainable shareholder returns by means of stronger execution, strong threat governance and regulatory compliance, efficient capital allocation and higher working effectivity.
Scale-To-Value
Scale-to-Value represents the Group’s development from constructing scale to enhancing the standard and productiveness of that scale.
The agenda is anchored on 5 priorities:
| Execution Capacity | Strengthening accountability and the Group’s capability to translate strategic priorities into measurable outcomes. |
| Risk Governance and Regulatory Compliance | Maintaining strong threat and management disciplines and sustained compliance with relevant regulatory necessities throughout the Group. |
| Capital Discipline | Allocating capital with higher emphasis on productiveness and risk-adjusted returns. |
| Operating Efficiency | Strengthening value self-discipline and driving higher effectivity from the Group’s infrastructure and capabilities. |
| Earnings Quality | Deepening recurring revenue streams and strengthening the resilience of earnings. |
Together, these priorities are supposed to enhance capital productiveness and assist sustainable shareholder returns.
Progress on BOFIA Section 19(8)(c) Compliance
The Group has made important progress in the direction of reaching compliance with BOFIA Section 19(8)(c), which limits the Bank’s funding in subsidiaries to 10% of shareholders’ funds.
The Group has recognized capital remembers from six banking subsidiaries which, when accomplished, are anticipated to carry the Bank’s investment-in-subsidiaries ratio inside the regulatory threshold. The recall course of has already been accomplished in one subsidiary, whereas shareholder approvals have been obtained in 4 of the remaining 5 subsidiaries. Regulatory approvals are progressing throughout the 5 remaining subsidiaries.
The Group expects to full the programme inside the CBN’s prescribed compliance timeline. Its completion is predicted to take away the regulatory constraint on dividend distributions.
Outlook
The Group stays targeted on accelerating execution of its Scale-to-Value agenda.
Management priorities embrace stronger execution capability, strong threat governance and regulatory compliance, disciplined capital allocation, funding optimisation, higher working effectivity and improved capital productiveness.
The Group will proceed to strengthen accountability for execution whereas sustaining disciplined threat and compliance requirements throughout its companies.
Management may even stay targeted on moderating expense development, strengthening recurring revenue and enhancing the conversion of income into earnings.
The goal is obvious: to be certain that the Group’s scale is successfully ruled, effectively deployed and constantly translated into sustainable shareholder returns, underpinned by strong threat governance and regulatory compliance.
