Wema Bank FY2025 financial results show ₦221.9bn profit before tax, ₦5tn assets, and strong dividend growth driven by digital banking expansion
Wema Bank Plc, Nigeria’s oldest indigenous bank and operator of Africa’s first fully digital banking platform ALAT, has released its FY2025 audited financial results, reporting a sharp rise in profitability, expanded assets, and strong shareholder returns in a performance described as one of its most robust in recent years.
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The Wema Bank FY2025 financial results show Profit Before Tax rising to ₦221.9 billion, compared to ₦102.5 billion in the previous year, marking a 116.4 percent increase driven by strong income growth and improved asset performance.
Profit After Tax also climbed significantly to ₦194.5 billion, reflecting a 125.4 percent surge year on year, underscoring what the bank described as disciplined execution and a resilient business model.
Total assets crossed the ₦5 trillion mark, reaching ₦5.07 trillion, up from ₦3.59 trillion in FY2024. The milestone signals continued balance sheet expansion and stronger financial capacity.
Gross earnings rose by 52.8 percent to ₦660.6 billion, supported largely by a 62.7 percent increase in interest income. This growth reflected improved yields and expansion of the bank’s loan portfolio.
Customer deposits grew by 30.3 percent to ₦3.29 trillion, reinforcing customer confidence and providing stable liquidity support for lending and investment activities.
Net interest income more than doubled to ₦361 billion, while non interest income increased modestly to ₦85.3 billion. Net loans and advances also expanded by 44.7 percent to ₦1.74 trillion.
The Wema Bank FY2025 financial results also confirmed a proposed dividend per share of ₦1.25, signalling continued returns to shareholders amid strong earnings momentum.
Managing Director and Chief Executive Officer Moruf Oseni described the performance as a defining moment in the bank’s growth trajectory, noting that profitability has risen sharply over the past three years alongside asset expansion.
Oseni highlighted the bank’s progress from ₦14.75 billion profit before tax three years ago to ₦221.9 billion in 2025, describing it as evidence of sustained execution and strategic discipline.
He added that the bank had surpassed the Central Bank of Nigeria recapitalisation threshold for national commercial banks as of September 2025, reinforcing its financial strength and long term stability.
Wema Bank also pointed to continued investment in digital innovation through ALAT, its flagship digital banking platform, which the institution says remains central to its growth strategy and customer expansion.
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Analysts say the results reflect broader trends in Nigeria’s banking sector, where digital transformation and interest income growth continue to drive profitability despite macroeconomic pressures.
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
