FCMB Group Plc shareholders have approved a total dividend payment of N23.08 billion for the 2025 financial year after the financial services company recorded impressive growth in profits and revenue.
The decision was made during the company’s 13th Annual General Meeting (AGM) held in Lagos, where shareholders also approved all resolutions presented by the board. These included the re-election of Chairman Ladi Jadesimi, the ratification of Adepeju Adebajo as a director, the election of Audit Committee members, and the approval for directors to determine the remuneration of the company’s external auditors.
The dividend approval follows a remarkable financial year for FCMB Group despite Nigeria’s challenging economic environment. The company reported a profit before tax of N202.1 billion for the year ended December 31, 2025, representing an 81 percent increase compared to the N111.9 billion recorded in 2024.
Profit after tax also experienced significant growth, rising by 142 percent to N177.3 billion. Gross revenue increased by 42.5 percent, reaching N1.13 trillion, while the group’s return on equity improved to 23.2 percent, reflecting stronger returns for investors.
FCMB’s performance was driven by growth across its major business divisions. The Banking Group recorded a 110 percent increase in profit before tax. Consumer Finance grew by 107 percent, Investment Banking posted a 90 percent increase, while Investment Management expanded by 29 percent. The company also stated that this positive momentum continued into the first quarter of 2026.
Speaking at the AGM, Chairman Ladi Jadesimi said the strong financial results demonstrate the resilience of FCMB’s diversified business model. He explained that the company remains committed to rewarding shareholders while retaining enough capital to support future expansion, strengthen its market position, and create long-term value for all stakeholders.
Group Chief Executive, Ladi Balogun, described 2025 as a transformational year for the organisation. According to him, the strong collaboration among the group’s Banking, Consumer Finance, Investment Banking, and Investment Management businesses played a major role in delivering outstanding financial performance.
Balogun added that FCMB would continue investing in digital transformation, improving operational excellence, and strengthening collaboration across its businesses. He also noted that the successful completion of the group’s recapitalisation programme has positioned the company for sustainable long-term growth.
Shareholder groups praised the board and management for delivering strong results despite the country’s economic difficulties. The National Coordinator of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, said the dividend payment reflects management’s commitment to rewarding investors.
Similarly, the National Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, commended FCMB for supporting small and medium-sized enterprises. He revealed that the bank provided N537.5 billion in financing to SMEs during 2025, including N51 billion specifically for women-owned businesses.
Another shareholder, Eric Akinduro, applauded the company’s improved asset quality, noting that its non-performing loan ratio declined from 5.95 percent to 5 percent, indicating stronger loan management.
FCMB also reported that its total assets increased by 8.2 percent to N7.63 trillion, while lending to consumers and SMEs grew by 24 percent to N930 billion. Assets under management also rose by 24.2 percent to N1.70 trillion, highlighting continued expansion across the group’s operations.
The approved dividend was paid on July 30, 2026, to shareholders whose names appeared on the company’s register of members as of June 15, 2026, rewarding investors for the group’s outstanding financial performance and reinforcing confidence in its long-term growth strategy.
