FCMB Group shareholders approve N23.1bn dividend after strong earnings

Shareholders of FCMB Group Plc have given their approval for a substantial dividend payout of N23.08 billion for the 2025 financial year. The decision was made during the company's 13th Annual General Meeting (AGM) held in Lagos, where attendees, both in person and online, endorsed all board resolutions.

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We remain steadfast in our objective of balancing immediate shareholder returns with the need to retain sufficient capital to support long-term expansion, strengthen our competitive positioning and optimise value creation for all stakeholders.

The AGM followed a year of robust earnings growth across FCMB's diverse business segments, even amidst challenging economic conditions. The group posted a profit before tax of N202.1 billion for the year ending December 31, 2025, marking an impressive 81% increase from the previous year's N111.9 billion. Profit after tax saw an even more significant jump of 142%, reaching N177.3 billion, while gross revenue climbed 42.5% to N1.13 trillion. The return on equity also improved to 23.2%.

FCMB Group reported double-digit profit growth across all its divisions. The Banking Group's profit before tax surged by 110%, while Consumer Finance, Investment Banking, and Investment Management divisions experienced growth of 107%, 90%, and 29%, respectively. This positive momentum has carried into 2026, with all segments demonstrating strong first-quarter performance.

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2025 was a transformative year for FCMB Group – one in which we witnessed the true impact of ‘The Power of the Group’. A core driver of our performance in 2025 was the effective synergy across our business groups: Banking Group, Consumer Finance, Investment Banking, and Investment Management, each playing a distinct yet complementary role in delivering business growth.

Chairman Mr. Ladi Jadesimi emphasized the resilience of the group's diversified business model, stating, "We remain steadfast in our objective of balancing immediate shareholder returns with the need to retain sufficient capital to support long-term expansion, strengthen our competitive positioning and optimise value creation for all stakeholders." Group Chief Executive Mr. Ladi Balogun described 2025 as a "transformative year," attributing the performance to effective synergy across its business groups. He added that the company's focus remains on deepening digital transformation, fostering a culture of excellence, and amplifying its ecosystem's collective power.

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Our focus remains firmly on deepening our digital transformation, strengthening our culture of excellence, and amplifying the collective power of our ecosystem.

Shareholder representatives commended the board and management for the company's strong performance and the generous dividend. Mrs. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, noted that the dividend reflects management's commitment to shareholder value despite economic headwinds. Mr. Boniface Okezie, National Chairman of the Progressive Shareholders Association of Nigeria, praised FCMB's support for small and women-owned businesses, highlighting that the bank provided N537.5 billion in financing to SMEs in 2025, including N51 billion specifically to women-owned enterprises.

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The dividend reflects management’s commitment to shareholder value despite economic challenges.