By Seun Ibiyemi
Abbey Mortgage Bank Plc has reported a profit before tax of ₦3.13 billion for the financial year ended December 31, 2025, reflecting strong growth in its core earnings and sustained commitment to enhancing shareholder value.
The bank disclosed this in its audited financial results submitted to the Nigerian Exchange Group, showing a significant improvement in key performance indicators compared to the previous year.
According to the report, profit before tax rose sharply from ₦1.23 billion recorded in 2024, while profit after tax increased to ₦2.16 billion from ₦1.07 billion in the prior year.
Gross interest income grew by 58.7 per cent year-on-year to ₦18.97 billion, driven largely by income from cash and short-term funds. Earnings per share also improved to 21 kobo, up from 11 kobo in 2024.
Customer deposits rose substantially to ₦79.63 billion, compared to ₦53.90 billion in the previous year, underscoring increased customer confidence in the bank.
On the back of this performance, the Board of Directors recommended a dividend of 12 kobo per share for the 2025 financial year, doubling the 6 kobo paid in 2024.
The bank’s balance sheet also recorded strong growth, with total assets rising to ₦165.8 billion from ₦84.3 billion in the previous year. Investment securities, which accounted for the largest share of assets, surged by 98.5 per cent to ₦106.57 billion.
Similarly, bank balances and short-term placements grew by 214 per cent to ₦43.7 billion. However, the loan book declined slightly to ₦9.72 billion from ₦12.07 billion, largely due to customer repayments during the year.
Total liabilities increased to ₦155 billion from ₦75 billion in 2024, with customer deposits accounting for a significant portion at ₦79.6 billion. Additional funds for on-lending also rose markedly to ₦9.5 billion.
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Deposits for shares recorded a sharp increase to ₦49.2 billion, up from ₦4 billion in the previous year, while shareholders’ funds grew to ₦10.79 billion from ₦9.23 billion, supported by retained earnings which climbed to ₦2.4 billion from ₦1.1 billion.
Commenting on the results, the Managing Director of the bank, Mobolaji Adewumi, said the institution remained focused on its core mandate of providing premier mortgage and banking services to Nigerians.
He added that the bank’s Annual General Meeting would provide an opportunity for shareholders to engage with the Board on the financial performance and future outlook of the institution.
