Access Holdings awaits CBN approval on 2024FY results, dividend payout

Access Holdings Plc on the Nigerian Exchange Limited (NGX) stated its awaits Central Bank of Nigeria (CBN) approval for its audited consolidated & separate financial statements for the year ended December 31, 2024 and dividend payout to shareholders.

Company Secretary, Access Holdings, Sunday Ekwochi in a statement said “This is to notify the investing public and Nigerian Exchange Limited  that the Board of Directors of Access Holdings Plc met on Thursday, January 30, 2025, and considered and approved the Group’s Audited Consolidated & Separate Financial Statements for the year ended December 31, 2024, and the payment of a final dividend, subject to the approval of the CBN.

“The announcement of the results shall be made upon the Company’s receipt of the Central Bank of Nigeria’s approval. In line with The Exchange’s Rules, the Company will remain in a Closed Period until 24 hours after the results are released to the public.

“Accordingly, no insider may, directly or indirectly, deal in the Company’s securities in any manner during the Closed Period.”

One of Africa’s leading financial institutions, announce gross revenue for the nine-month period N1.6 trillion in 2023 to N3.4 trillion in 2024, an increase of 114.5 per cent year-on-year.

Interest income, a major driver of this growth, represented 70 per cent of gross revenue at N2.4 trillion, while non-interest income contributed N1 trillion, marking an 87.2 per cent increase due to higher transaction volumes on digital channels and other alternative platforms.

Profit before tax (PBT) saw an 89.6 percent rise to N558.2 billion, while profit after tax (PAT) rose 82.8 per cent to N457.7 billion.

This robust performance translated to an annualised return on equity of 22.2 per cent, with earnings per share up to N12.40.

The financial results highlight the group’s continued growth momentum, emphasising resilience and sustainable performance as the Group works to deliver solid returns for its shareholders.

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