By Peace Udugba -The daily torch media
Wema Bank has released its Full Year 2025 Audited Financial Results, posting a strong financial performance marked by significant growth across key indicators and reinforcing its position as one of Nigeria’s leading financial institutions.
The bank recorded a Profit Before Tax (PBT) of ₦221.9 billion, representing a remarkable 116.4 percent increase from ₦102.5 billion in 2024. Profit After Tax (PAT) also surged by 125.4 percent to ₦194.5 billion, compared to ₦86.2 billion recorded in the previous year.
Total assets crossed the ₦5 trillion milestone, rising by 41.5 percent to ₦5.07 trillion from ₦3.59 trillion in 2024, reflecting a stronger and more resilient balance sheet. Gross earnings grew by 52.8 percent to ₦660.6 billion, driven largely by a 62.7 percent increase in interest income due to improved yields on earning assets and expansion of the bank’s loan portfolio.
Customer deposits rose significantly by 30.3 percent to ₦3.29 trillion from ₦2.52 trillion in 2024, underscoring sustained customer confidence in the bank. This growth supported liquidity and provided stable funding for asset expansion.
Net interest income more than doubled, increasing by 103.9 percent to ₦361.0 billion, while non-interest income recorded a modest growth of 8.3 percent to ₦85.3 billion. Net loans and advances also expanded by 44.7 percent to ₦1.74 trillion, highlighting the bank’s continued support for key sectors of the economy alongside a disciplined risk management strategy.
The bank also announced a dividend payout of ₦1.25 per share for the financial year.
Commenting on the results, Managing Director and Chief Executive Officer of Wema Bank, Moruf Oseni, described the performance as one of the strongest in the bank’s history.
He noted that the bank’s Profit Before Tax has grown significantly over the past three years, rising from ₦14.75 billion to ₦43.59 billion in 2023, ₦102 billion in 2024, and now ₦221 billion in 2025. He added that total assets, which stood at ₦1 trillion in 2021, had now reached over ₦5 trillion.
Oseni attributed the growth to disciplined execution, a resilient business model, and the commitment of the bank’s workforce. He also revealed that as of September 2025, the bank had surpassed the ₦200 billion recapitalisation benchmark set by the Central Bank of Nigeria for commercial banks with national authorisation.
Highlighting the bank’s innovation drive, he referenced the continued success of ALAT, Africa’s first fully digital bank, and the launch of its upgraded platform, “ALAT: The Evolution,” designed to enhance user experience through improved intelligence, personalisation, and flexibility.
As Wema Bank celebrates its 80th anniversary, the bank reaffirmed its commitment to sustaining growth, delivering value to stakeholders, and leading the future of digital banking in Africa.
