Access Holdings Plc has released its unaudited financial results for the first quarter ending March 31, 2026, showing solid growth despite a mixed performance across key income lines.
According to the report, the group recorded a pre-tax profit of N272.210 billion, representing a 22.19 per cent increase compared to the same period in 2025. The strong performance was largely supported by a rise in earnings from non-core banking activities. A closer look at the results reveals contrasting trends. While the company’s overall profit improved, its interest income dropped by about 9 per cent year-on-year to N895.034 billion. This decline was mainly linked to reduced earnings from loans issued to customers and lower returns from certain investment securities.
On the other hand, non-interest income, which includes fees, commissions, and trading gains, rose by roughly 19 per cent to N444.683 billion. This segment played a major role in boosting the group’s overall profitability during the quarter. However, rising costs and risk factors slightly weakened some aspects of performance. Impairment charges surged significantly, reflecting higher provisions for potential loan losses.
At the same time, total operating expenses increased by over 26 per cent, showing that the cost of running the business is still on the rise. Despite the growth in pre-tax profit, profit after tax fell by about 22.77 per cent to N146.623 billion. Earnings per share also declined, indicating that shareholders earned less per unit of investment compared to the previous year. Overall, the results highlight a shift in the company’s earnings structure.
The bank is relying more on diversified income streams rather than traditional lending activities. While this strategy supported profit growth, increased expenses and credit risks continue to pose challenges. The performance reflects both resilience and pressure within Nigeria’s banking sector, where institutions are adapting to changing economic conditions while trying to maintain profitability.
