Abbey Mortgage Bank Plc has reported a profit before tax of N3.13billion for the financial year ended December 31, 2025, driven by strong growth in its core earnings and its continued commitment to increasing shareholders’ value.
The bank disclosed this in its audited financial results released to the Nigerian Exchange Group, highlighting its financials for the year ended 2025.
According to the results, Profit Before Taxation increased significantly to ₦3.13 billion compared to ₦1.23 billion in 2024, while Profit After Taxation rose to ₦2.16 billion, compared to ₦1.07 billion in the previous year.
The Bank Gross Interest Income grew by 58.7% year-on-year to ₦18.97 billion, driven largely by income from cash and short-term funds as Earnings Per Share (EPS) increased to 21 kobo, up from 11 kobo in 2024. Customers deposit increased to ₦79.63 billion from ₦53.90 billion in 2024.
This development made the Board of Directors to recommend a dividend of 12 kobo per share for the 2025 financial year, doubling the 6 kobo per share distributed during the year. The Bank’s total assets increased significantly to N165.8 billion, up from N84.3 billion in the previous year, reflecting strong balance sheet growth.
Highlighting the Investment securities of the bank, the largest share of assets rose by 98.5% year-on-year to N106.57 billion. This followed the bank balances and short-term placements with other banks, which grew by 214% to N43.7 billion.
In contrast, there was a slight decline from N12.07 billion to N9.72 billion in the loan book due to customer repayments during the year, and this resulted in total liabilities of N155 billion, compared to N75 billion in the prior year. Customer deposits constituted a significant portion at N79.6 billion, while the additional funds for on-lending rose markedly to N9.5 billion in FY 2025.
The deposits for shares surged to N49.2 billion, up from N4 billion in 2024 while shareholders’ funds grew to N10.79 billion from N9.23 billion, driven mainly by retained earnings, which increased to N2.4 billion from N1.1 billion in the previous year.
Commenting on the results, the Managing Director Abbey Mortgage Bank Plc, Mobolaji Adewumi said that, “the bank remained focused on its principal activity of providing premier mortgage and banking services to the Nigerian public, noting that the Annual General Meeting (AGM) will serve as the primary avenue for interaction between shareholders and the Board regarding these results.
