Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

Africa Prudential Plc’s profit before tax increased by 75 per cent year over year for the first half ended June 30, 2025.

The results released on the Nigerian Exchange showed that profit before tax grew from N1.13 billion in H1 2024 to N1.98 billion in the period under review. Profit after tax rose by 73 per cent to N1.35 billion from N779 million in the corresponding period last year. Net total income also increased significantly by 64 per cent to N3.3 billion, against N2 billion recorded in 2024.

The company said total assets climbed to N41.35 billion as of June 2025, representing a 38 per cent rise from N29.95 billion in the same period last year, while shareholders’ fund grew by 15 per cent to N11 billion, despite a N1.2 billion dividend payout earlier in the year.

Operational efficiency was highlighted as a major factor in the performance, with the Cost-to-Income Ratio improving to 41 per cent, down from 44 per cent in 2024. Return on Average Assets was sustained at 3.3 per cent, reflecting the company’s solid financial foundation.

Speaking on the results, Catherine Nwosu, the managing director and chief executive officer of Africa Prudential, said the performance underscored the strength of the company’s diversified income base and its resilience in a challenging macroeconomic environment marked by inflation, foreign exchange volatility, and high interest rates.

She said, “Our first-half performance of 2025 reflects the strength of our diversified income base and the commitment of our people to delivering value despite a challenging operating environment. We are especially pleased to have rewarded our shareholders with a bonus issue this year, the first in the company’s history. This further underscores our dedication to delivering long-term returns while sustaining growth.”

Nwosu added that the company would remain focused on innovation, operational excellence and expanding its market presence while leveraging technology to transform investor services and drive sustainable growth.