Shareholders of FCMB Group Plc have approved a total dividend payout of N23.08 billion for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held in Lagos.
Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Oladipupo Jadesimi and the ratification of Mrs. Adepeju Adebajo as Directors. They also elected Audit Committee members and authorised Directors to set the auditors’ remuneration.
The AGM followed a year of strong earnings growth across the group’s businesses, despite challenging economic conditions. FCMB Group reported profit before tax of N202.1 billion for the year ended Dec. 31, 2025, up 81per cent from NN111.9 billion a year earlier. Profit after tax rose 142 per cent to N177.3 billion, while gross revenue increased 42.5 per cent to N1.13 trillion. Return on equity rose to 23.2 per cent.
The group reported double-digit profit growth across all divisions. The Banking Group’s profit before tax rose 110per cent, while Consumer Finance, Investment Banking, and Investment Management grew by 107 per cent, 90 per cent, and 29 per cent, respectively. This momentum continued into 2026, with all segments achieving strong first-quarter growth.
Shareholder representatives commended the Board and management for the company’s performance and dividend payout.
National Coordinator of the Pragmatic Shareholders Association of Nigeria, Mrs. Bisi Bakare stated that the dividend reflects management’s commitment to shareholder value despite economic challenges.
National Chairman of the Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie praised the group’s support for small businesses and women-owned enterprises. He noted that FCMB provided N537.5 billion in financing to SMEs in 2025, including N51 billion to women-owned businesses.
In addition, another shareholder, Mr. Eric Akinduro highlighted improved asset quality, noting the group’s non-performing loan ratio declined to five per cent from 5.95per cent.
The Chairman, FCMB Group, Mr. Oladipupo Jadesimi stated that these results demonstrate the resilience of the group’s diversified business model.
“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,” Jadesimi said.
Group Chief Executive Mr. Ladi Balogun described 2025 as a transformative year, highlighting the strength of collaboration across its businesses.
‘’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,” Balogun said. “Our focus remains firmly on deepening our digital transformation, strengthening our culture of excellence, and amplifying the collective power of our ecosystem.”
Balogun noted that completing the Group’s recapitalisation programme has positioned the organisation for its next phase of long-term growth.
FCMB reported an 8.2 per cent increase in total assets to N7.63 trillion. Consumer and SME lending rose 24 per cent to N930 billion, while assets under management grew 24.2 per cent to N1.70 trillion, reinforcing the Group’s diversified earnings base and long-term growth strategy.
The approved dividend was paid on July 30, 2026, to shareholders whose names appeared in the register of members as of the close of business on June 15, 2026.
