Lagos: Wema Bank Plc has announced a significant financial performance for the 2025 fiscal year, reporting a profit before tax of N221.85 billion. This marks a 116 per cent increase from the N102.51 billion recorded in 2024. The bank shared these impressive figures in a statement on Wednesday.
According to News Agency of Nigeria, Wema Bank’s growth is attributed to a sustained profitability momentum, primarily driven by an increase in core income streams. The profit after tax rose to N194.46 billion, a 125.36 per cent growth from the previous year’s N86.29 billion. The bank’s total assets also expanded significantly, rising by 41.48 per cent to N5.07 trillion, compared to N3.59 trillion in 2024.
The bank reported gross earnings of N660.59 billion in 2025, marking a 52.79 per cent increase from N432.34 billion in 2024. Interest income surged by 62.72 per cent to N575.27 billion, up from N353.54 billion the previous year, while net interest income more than doubled, increasing by 103.91 per cent to N361.01 bi
llion. Non-interest income also saw a rise of 8.27 per cent, reaching N85.32 billion from N78.80 billion in the prior year.
Operating income increased by 79.62 per cent to N420.64 billion, compared to N234.19 billion in 2024, while operating expenses rose by 50.96 per cent to N198.79 billion. Customer deposits grew by 30.34 per cent to N3.29 trillion, and net loans increased by 44.68 per cent to N1.74 trillion. Shareholders’ funds saw a significant increase of 141.95 per cent, reaching N620.47 billion from N256.45 billion in 2024.
Key performance ratios also improved, with return on average equity rising to 44.35 per cent from 43.60 per cent, and return on average assets increasing to 4.49 per cent from 2.96 per cent. The bank’s cost-to-income ratio improved to 47.26 per cent from 56.23 per cent in the previous year. Wema Bank confirmed that it met the regulatory requirements for a commercial bank with national authorisation and declared a dividend of N1.25 per share for the 2025 financial year.
The Managi
ng Director of Wema Bank, Mr. Moruf Oseni, expressed the bank’s commitment to maintaining its growth momentum and delivering value to stakeholders. He highlighted the bank’s historic growth trajectory, noting that the profit before tax has increased from N14.75 billion three years ago to N221 billion in 2025. Oseni attributed this success to disciplined execution, a resilient business model, and the dedication of the bank’s employees.
Oseni also emphasized digital innovation as a key driver of the bank’s momentum, particularly the launch of ALAT 2.0. He stated that the new digital platform enhances the banking experience with improved intelligence, deeper personalisation, and greater flexibility, reinforcing Wema Bank’s position as a leading digital-first bank.
Furthermore, Oseni announced that the bank had successfully completed its capital raise, meeting the Central Bank of Nigeria’s recapitalisation requirements ahead of the regulatory deadline. This achievement is expected to position Wema Bank for cont
inued growth and long-term stability.