Wema Bank Plc has published its unaudited financial results for the year ended December 31, 2025, posting a pre-tax profit of N222.07 billion — a 116.3% jump from N102.52 billion in 2024.

Profit after tax rose sharply to N193.19 billion, representing a 123.54 per cent increase from N86.28 billion a year earlier.

The strong performance was driven by a 51% rise in gross earnings to N653.28 billion, largely fueled by higher interest income, which remained the main revenue contributor.

Wema Bank’s revenue expansion was mainly driven by a sharp rise in interest income, which climbed by 63.08 per cent to N577.10 billion, representing 88.3 per cent of gross earnings.

The increase was largely supported by strong growth in income from loans and advances to customers, which rose by 48 per cent to N345 billion, making up 59 per cent of total interest income.

Income from investment securities also contributed significantly, accounting for 35 per cent of interest income.

As a result, net interest income more than doubled, increasing by 103.35 per cent to N360.10 billion, reflecting higher loan volumes and effective management of interest expenses.

Interest income continued to rise sharply, making up roughly 88 per cent of gross earnings, highlighting the bank’s strong core lending and investment operations.

However, net impairment losses edged up by 6.1 per cent to N22.96 billion, pointing to slightly higher provisions for bad loans.

These losses accounted for 6.4 per cent of net interest income.

Non-interest income — from fees, commissions, and trading activities — also contributed meaningfully to overall revenue.

Wema Bank’s 2025 performance reflects robust growth in revenue and profitability, driven largely by strong interest income.

The year was particularly remarkable, with profit after tax exceeding the bank’s cumulative earnings over the past five years.

In addition, Wema Bank has steadily increased its dividend payouts, demonstrating improving profitability and a growing commitment to shareholder returns.

This consistent upward trend signals the bank’s solid financial strength and its capacity to deliver long-term value to investors.