Access Holdings Plc achieved a remarkable milestone by crossing the N1 trillion profit mark for the first time in its history. The bank reported a pre-tax profit of N272.21 billion for Q1 2026, reflecting a 22.19% increase compared to Q1 2025.
Key financial metrics:
- Interest income declined by 9% to N895.034 billion in Q1 2026.
- Non-interest income grew by 19% to N444.683 billion in Q1 2026.
- Impairment charges increased by 239% to N73.81 billion in Q1 2026.
- Profit after tax for Q1 2026 was N216.537 billion, up 18.49% year-on-year.
- Total operating expenses reached N411.268 billion, a rise of 26.16% year-on-year.
The bank’s performance signals its strong position within the Nigerian banking industry. Access Holdings crossed the N1 trillion profit mark for the first time in FY 2025, with a pre-tax profit of N1.01 trillion, marking a 16% increase from the previous year.
Innocent C. Ike remarked, “Our 2025 performance reflects both the resilience of the Access franchise and the strength of the institution we have built over time.” He emphasized that Africa remains one of the most compelling long-term growth frontiers globally.
The bank’s total assets grew by about 4% in Q1 2026, while retained earnings increased by 19.36% to N1.997 trillion as of this period. The bank’s share price stood at N27 as of May 1, 2026.
Yet, despite these gains, net interest income after impairment charges grew by only 34% year-on-year to N265 billion, which is lower than the net non-interest income of N444.683 billion.