Wema Bank hit N222bn 2025 pre-tax profit, up by 116%
In its unaudited financial statements for the year that concluded on December 31, 2025, Wema Bank Plc reported a pre-tax profit of N222.07 billion, up 116.3% from N102.52 billion in 2024.
Profit after tax increased significantly to N193.19 billion, up 123.54 percent from N86.28 billion in the previous year.
A 51% increase in gross earnings to N653.28 billion, mostly due to increasing interest income—which continued to be the primary source of revenue—was the driving force behind the impressive performance.
Interest income, which increased by 63.08% to N577.10 billion, or 88.3% of gross earnings, was the primary driver of Wema Bank's revenue growth.
Profit after tax increased significantly to N193.19 billion, up 123.54 percent from N86.28 billion in the previous year.
A 51% increase in gross earnings to N653.28 billion, mostly due to increasing interest income—which continued to be the primary source of revenue—was the driving force behind the impressive performance.
Interest income, which increased by 63.08% to N577.10 billion, or 88.3% of gross earnings, was the primary driver of Wema Bank's revenue growth.
Strong growth in revenue from customer loans and advances, which increased by 48% to N345 billion, or 59% of total interest income, was a major factor in the increase.
35% of interest revenue came from investment securities, which also made a substantial contribution.
As a result of increased loan volumes and efficient interest expense management, net interest income more than doubled, rising by 103.35 percent to N360.10 billion.
The bank's strong core lending and investment operations were highlighted by the substantial increase in interest revenue, which now accounts for almost 88% of gross earnings.
However, net impairment losses rose by 6.1% to N22.96 billion, suggesting somewhat higher bad loan provisions.
6.4% of net interest income was made up of these losses.
The total revenue was also significantly influenced by non-interest income from fees, commissions, and trading operations.
The performance of Wema Bank in 2025 shows great revenue and profit growth, mostly due to high interest income.
With profit after tax surpassing the bank's total earnings over the previous five years, the year was especially noteworthy.
Furthermore, Wema Bank has consistently raised dividend payments, indicating rising profitability and an increasing dedication to shareholder returns.
This steady increasing trend demonstrates the bank's strong financial position and ability to provide investors with long-term value.
35% of interest revenue came from investment securities, which also made a substantial contribution.
As a result of increased loan volumes and efficient interest expense management, net interest income more than doubled, rising by 103.35 percent to N360.10 billion.
The bank's strong core lending and investment operations were highlighted by the substantial increase in interest revenue, which now accounts for almost 88% of gross earnings.
However, net impairment losses rose by 6.1% to N22.96 billion, suggesting somewhat higher bad loan provisions.
6.4% of net interest income was made up of these losses.
The total revenue was also significantly influenced by non-interest income from fees, commissions, and trading operations.
The performance of Wema Bank in 2025 shows great revenue and profit growth, mostly due to high interest income.
With profit after tax surpassing the bank's total earnings over the previous five years, the year was especially noteworthy.
Furthermore, Wema Bank has consistently raised dividend payments, indicating rising profitability and an increasing dedication to shareholder returns.
This steady increasing trend demonstrates the bank's strong financial position and ability to provide investors with long-term value.
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