Lagos, Nigeria – April 17, 2025 — Access Holdings Plc has reported marginal growth in its profit after tax for the 2024 financial year, despite achieving significant top-line expansion. The group recorded a 3.7% year-on-year (y/y) increase in profit after tax (PAT), reaching ₦642.2 billion—trailing behind its peers in bottom-line growth.
Profit before tax (PBT) rose by 19% to ₦867 billion, up from ₦729 billion in 2023. The modest PAT growth stands in contrast to the company’s impressive 88% surge in gross earnings, which rose from ₦2.6 trillion in 2023 to ₦4.9 trillion in 2024.
Interest income increased by 110% to ₦3.5 trillion, while non-interest income climbed by 47.8% to ₦1.4 trillion. Other key financial metrics, including total assets, customer deposits, and shareholders’ funds, also reflected strong performance.
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Total assets: ₦41.5 trillion (+55.5%)
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Customer deposits: ₦22.5 trillion (+47%)
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Shareholders’ funds: ₦3.76 trillion (+72%)
Access Holdings also highlighted progress in its Environmental, Social, and Governance (ESG) agenda. The group facilitated $437.4 million in Development Finance Institution (DFI) inflows to support MSMEs across Africa, disbursed 1.6 million digital loans to low-income earners, and issued its first ₦1.4 billion diaspora mortgage loan.
In terms of sustainability, the group achieved a 13.4% reduction in operational emissions, planted over 57,000 trees, and enabled solar energy adoption for 226 homes and businesses. Its headquarters received the IFC EDGE Green Building Certification for sustainable construction and design.
