Shareholders of FCMB Group Plc have approved a N23.08bn dividend payout for the 2025 financial year, backed by strong profit growth across the group’s businesses.
The approval came at the company’s 13th Annual General Meeting in Lagos, where shareholders also endorsed all board resolutions, including the re-election of Ladi Jadesimi and the ratification of Adepeju Adebajo as directors. Members of the Audit Committee were elected, and directors were authorised to fix the external auditors’ remuneration.
FCMB Group reported a profit before tax of N202.1bn for the year ended December 31, 2025, an 81 per cent rise from N111.9bn the previous year. Profit after tax jumped 142 per cent to N177.3bn, while gross revenue grew 42.5 per cent to N1.13tn. Return on equity improved to 23.2 per cent.
All major business divisions recorded growth. Profit before tax in the Banking Group rose 110 per cent, while Consumer Finance, Investment Banking and Investment Management grew by 107 per cent, 90 per cent and 29 per cent respectively. The company said the momentum has carried into the first quarter of 2026.
Chairman Ladi Jadesimi said the results reflected the resilience of the group’s diversified business model, noting the board’s focus on balancing shareholder returns with capital retention for long-term growth.
Group Chief Executive Ladi Balogun credited the performance to synergy across the group’s business segments — Banking, Consumer Finance, Investment Banking and Investment Management — and said the completed recapitalisation programme has positioned FCMB for its next growth phase.
Shareholder representatives praised the board for the results. The Pragmatic Shareholders Association’s Bisi Bakare said the dividend showed management’s commitment to shareholder value despite economic headwinds, while the Progressive Shareholders Association’s Boniface Okezie noted FCMB’s N537.5bn in SME financing in 2025, including N51bn to women-owned businesses.
Shareholder Eric Akinduro pointed to improved asset quality, with the non-performing loan ratio falling to 5 per cent from 5.95 per cent.
Total assets rose 8.2 per cent to N7.63tn, consumer and SME lending grew 24 per cent to N930bn, and assets under management climbed 24.2 per cent to N1.70tn.
The dividend was paid on July 30, 2026, to shareholders on the register as at June 15, 2026.
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