Wema Bank Posts ₦221.9bn Profit Before Tax in FY2025, Declares ₦1.25 Dividend as Assets Cross ₦5tn

Wema Bank has posted ₦221.9bn Profit Before Tax in FY2025 and declared ₦1.25 dividend as assets cross ₦5tn.

 

NewsOnline Nigeria reports that Wema Bank has announced its Full Year 2025 Audited Financial Results, reporting a strong financial performance with Profit Before Tax (PBT) rising to ₦221.9 billion, more than double the ₦102.5 billion recorded in 2024.

 

The results released by the bank show that Profit After Tax (PAT) also grew significantly, increasing by 125.4 percent from ₦86.2 billion in 2024 to ₦194.5 billion in 2025, underscoring a year of record growth for the financial institution.

 

ALSO: Wema Bank Launches New Jingle to Promote ALAT: The Evolution Digital Banking Experience

 

The bank’s total assets crossed the ₦5 trillion mark, reaching ₦5.07 trillion, representing a 41.5 percent increase from ₦3.59 trillion recorded in the previous year.

 

Gross earnings rose by 52.8 percent to ₦660.6 billion, compared to ₦432.3 billion in 2024. The growth was largely driven by a 62.7 percent increase in interest income, reflecting improved yields on earning assets and expansion of the bank’s loan portfolio.

 

Customer deposits also grew by 30.3 percent, climbing to ₦3.29 trillion from ₦2.52 trillion recorded in the previous financial year. According to the bank, the increase demonstrates sustained customer confidence and provided stable funding for its expanding asset base.

 

Net interest income more than doubled, rising 103.9 percent to ₦361 billion, while non-interest income recorded a modest growth of 8.3 percent to ₦85.3 billion.

 

Similarly, net loans and advances increased by 44.7 percent to ₦1.74 trillion, up from ₦1.20 trillion in 2024, reflecting the bank’s continued support for critical sectors of the economy while maintaining prudent risk management practices.

 

Based on the performance, the bank disclosed plans to pay shareholders a dividend of ₦1.25 per share.

 

Commenting on the results, Managing Director and Chief Executive Officer of Wema Bank, Moruf Oseni, said the performance represents one of the strongest growth trajectories in the bank’s history.

 

He noted that the bank’s Profit Before Tax had grown steadily from ₦14.75 billion three years ago to ₦43.59 billion in 2023, rising further to ₦102 billion in 2024, before reaching ₦221 billion in 2025.

 

Oseni added that the bank’s total assets, which stood at about ₦1 trillion in 2021, have expanded rapidly to surpass ₦5 trillion in 2025, reflecting strong financial strength, disciplined execution and a resilient business model.

 

He also disclosed that the bank had surpassed the ₦200 billion recapitalisation threshold required for commercial banks with national authorisation by the Central Bank of Nigeria.

 

According to him, the bank’s 80th anniversary in 2025 also marked the launch of an upgraded version of its digital banking platform, “ALAT: The Evolution,” an enhanced version of ALAT by Wema aimed at delivering improved intelligence, personalisation and flexibility to customers.

 

Wema Bank, one of Nigeria’s oldest indigenous financial institutions, said the results reinforce its position as a leading innovative bank and highlight its readiness to adapt to the evolving digital banking landscape across Africa.