Access Holdings PLC has released its unaudited group financial results for the Q1 ended March 31, 2026
- +Access Holding reports N272 billion profit in Q1 2026, up 22%
According to the released results, the Group’s pre-tax profit grew by 22.19% to N272.210 billion, driven by strong growth in non-interest income.
According to the released results, the Group’s pre-tax profit grew by 22.19% to N272.210 billion, driven by strong growth in non-interest income.
The group’s interest income declined by 9% to N895.034, while non-interest income grew by19% to N444.683 billion
Access Holdings Plc reported a decline in interest income in Q1 2026 compared to Q1 2025.
On the expense side, interest expenses, which declined, were driven by the decline in interest expenses paid on customers’ deposit to N388 billion from N447 billion. This is despite the N392 billion increase in customers’ deposits, now at N34.954 trillion.
Notwithstanding, net interest income after impairment charge grew by 34% YoY to N265 billion, but was lower than the net non-interest income of N444.683 billion
The non-interest income, combined with the net interest income after impairment of N265.052 billion, brought the bank’s total income to N709.735 billion.
With total operating expenses, including depreciation and amortization, amounting to N437.525 billion (about 62% of total income), profit before tax stood at N272.210 billion.
On the balance sheet side, total assets grew by about 4%, driven largely by customers’ deposits, which accounted for over 65% of total assets.
On the liabilities side, the bank met the CBN’s new minimum capital requirement as share capital and share premium account stood at N616.021 billion; up 3.55% compared to the N594.903 billion as of December 2025.
Retained earnings increased by 19.36% or N324 billion to N1.997 trillion pushing shareholders’ funds N4.397 trillion from N4.326 trillion as of December 2025
On market performance, Access shares were priced at N27 per share as of the close of trading in April 2026. The stock started the year at N21, reflecting a 28.6% gain year-to-date (YtD).
This marks a better performance compared to last year’s 12% YtD loss.
