Wema Bank Plc has posted a profit before tax of N221.8 billion in its audited 2025 financial results, slightly below the earlier unaudited figure of N222 billion.

The audited performance marks a 116.44 per cent increase from the N102.5 billion recorded in 2024, driven largely by a significant rise in interest income, which accounts for the majority of the bank’s revenue.

Interest income climbed to N576 billion from N354.6 billion, with loans and advances contributing 60.4 per cent, investment securities accounting for 35.5 per cent, and cash and cash equivalents comprising the balance.

Alongside growth in non-interest income, particularly from fees and commissions, the bank’s bottom line strengthened, as earnings per share rose to N7.12 from N4.83.

Key highlights (2025 vs 2024):

Interest income: N576.07 billion, up 62.4 per cent year-on-year

Interest expense: N215.09 billion, up 21.1 per cent year-on-year

Net interest income: N360.98 billion, up 103.9 per cent year-on-year

Operating income: N420.61 billion, up 79.6 per cent year-on-year

Profit before tax: N221.89 billion, up 116.4 per cent year-on-year

Profit after tax: N194.47 billion, up 125.4 per cent year-on-year.

An analysis of Wema Bank Plc’s revenue reveals interest income of N576.07 billion, driven by N348.2 billion from loans and advances, N204.4 billion from investment securities, and N23.3 billion from cash and cash equivalents.