FCMB Group Plc has received overwhelming support from its shareholders after they approved all resolutions presented at the company’s Annual General Meeting (AGM), following a year of impressive financial performance despite Nigeria’s challenging economic environment.
Shareholders who participated both physically and virtually endorsed the re-election of Ladi Jadesimi as a director and also ratified the appointment of Mrs. Adepeju Adebajo to the Board of Directors. They further approved the election of members of the company’s Audit Committee and authorised the Board to determine the remuneration of the external auditors.
The approvals came after FCMB Group announced strong financial results for the 2025 financial year, recording significant growth across its major business divisions.
According to the company, profit before tax rose by 81 percent to N202.1 billion, compared to N111.9 billion recorded in 2024. Profit after tax also increased sharply by 142 percent, reaching N177.3 billion.
Gross revenue climbed by 42.5 percent to N1.13 trillion, while the Group’s return on equity improved to 23.2 percent, reflecting stronger profitability and improved value for shareholders.
The company also reported impressive growth across all its business segments. Its Banking Group recorded a 110 percent increase in profit before tax, while Consumer Finance grew by 107 percent. Investment Banking posted a 90 percent increase, and Investment Management recorded a 29 percent rise in profit.
FCMB said the positive performance has continued into 2026, with all business units maintaining strong growth during the first quarter of the year.
Speaking at the AGM, Chairman Ladi Jadesimi said the financial results highlight the strength of FCMB Group’s diversified business model and its ability to remain resilient even during difficult economic conditions.
He explained that the company remains committed to rewarding shareholders while also retaining enough capital to support future expansion, strengthen its market position, and create sustainable value for investors and other stakeholders.
Group Chief Executive Ladi Balogun described 2025 as a landmark year for the organisation, noting that stronger collaboration among the Group’s various businesses contributed significantly to its outstanding performance.
According to him, FCMB’s Banking Group, Consumer Finance, Investment Banking, and Investment Management businesses worked together effectively, helping the company achieve higher earnings and better customer service.
Balogun added that the Group will continue investing in digital transformation, improving operational excellence, and strengthening collaboration across its businesses to support future growth.
He also revealed that FCMB has successfully completed its recapitalisation programme, a development he believes has positioned the company for long-term expansion and improved competitiveness within Nigeria’s financial services industry.
Shareholder groups praised the Board and management for delivering impressive financial results and maintaining attractive returns to investors through dividend payments.
National Coordinator of the Pragmatic Shareholders Association of Nigeria, Mrs. Bisi Bakare, said the dividend payout demonstrates management’s commitment to creating value for shareholders despite the country’s economic difficulties.
Similarly, National Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, commended FCMB for its continued support for small businesses and women entrepreneurs.
He disclosed that the Group provided N537.5 billion in financing to small and medium-sized enterprises (SMEs) during 2025. Out of this amount, N51 billion was specifically allocated to women-owned businesses, further supporting financial inclusion and entrepreneurship.
FCMB also strengthened its balance sheet during the year. Total assets increased by 8.2 percent to N7.63 trillion, while lending to consumers and SMEs grew by 24 percent to N930 billion.
In addition, assets under management rose by 24.2 percent to N1.70 trillion, reflecting growing investor confidence and reinforcing the Group’s long-term strategy of building a diversified and sustainable financial services business.
