FCMB Shareholders Approve N23.08bn Dividend Amid N177.3bn Profit

Shareholders of FCMB Group Plc have approved a total dividend payout of N23.08 billion for the 2025 financial year, following a year in which the financial services group recorded a 142 per cent increase in profit after tax.

The approval was granted at the company’s 13th Annual General Meeting (AGM) held in Lagos on Tuesday, where shareholders, participating both physically and virtually, endorsed all resolutions presented by the Board.

The approved resolutions included the re-election of Ladi Jadesimi and the ratification of Adepeju Adebajo as directors. Shareholders also elected members of the Audit Committee and authorised the Board to determine the remuneration of the company’s external auditors.

FCMB Group delivered a strong financial performance for the year ended December 31, 2025, despite a challenging operating environment. Profit before tax rose by 81 per cent to N202.1 billion from N111.9 billion in 2024, while profit after tax surged by 142 per cent to N177.3 billion.

Gross revenue increased by 42.5 per cent to N1.13 trillion, while return on equity improved to 23.2 per cent.

The Group also reported double-digit earnings growth across all its business segments. Profit before tax grew by 110 per cent in the Banking Group, while Consumer Finance, Investment Banking and Investment Management recorded growth of 107 per cent, 90 per cent and 29 per cent respectively.

According to the company, the strong performance has continued into 2026, with all business divisions posting solid first-quarter growth.

Chairman of FCMB Group, Ladi Jadesimi, said the results underscored the resilience of the Group’s diversified business model.

“We remain steadfast in our objective of balancing immediate shareholder returns with the need to retain sufficient capital to support long-term expansion, strengthen our competitive positioning and optimise value creation for all stakeholders,” Jadesimi said.

Group chief executive, Ladi Balogun, described 2025 as a transformative year for the organisation, attributing the impressive performance to stronger collaboration across its various business segments.

“2025 was a transformative year for FCMB Group, one in which we witnessed the true impact of ‘The Power of the Group’. A core driver of our performance in 2025 was the effective synergy across our business groups: Banking Group, Consumer Finance, Investment Banking, and Investment Management, each playing a distinct yet complementary role in delivering business growth,” Balogun said.

“Our focus remains firmly on deepening our digital transformation, strengthening our culture of excellence, and amplifying the collective power of our ecosystem.”

He added that the successful completion of the Group’s recapitalisation programme has positioned FCMB for its next phase of sustainable long-term growth.

Shareholder groups commended the Board and management for delivering strong financial results and rewarding investors with the dividend payout.

National Coordinator of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, said the dividend reflected management’s commitment to creating value for shareholders despite prevailing economic headwinds.

Similarly, National Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, praised the Group’s continued support for small and medium-scale enterprises (SMEs) and women-owned businesses.

According to him, FCMB provided N537.5 billion in financing to SMEs during 2025, including 51 billion specifically to women-owned enterprises.

Another shareholder, Eric Akinduro, commended the improvement in the Group’s asset quality, noting that its non-performing loan ratio declined to five per cent from 5.95 per cent in the previous year.

The Group also reported an 8.2 per cent increase in total assets to N7.63 trillion. Consumer and SME lending rose by 24 per cent to ₦930 billion, while assets under management grew by 24.2 per cent to ₦1.70 trillion, further strengthening its diversified earnings base and long-term growth strategy.

The approved dividend was paid on July 30, 2026, to shareholders whose names appeared on the register of members at the close of business on June 15, 2026.