FCMB shareholders approve N23.08bn dividend

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 last week.

Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Ladi Jadesimi and the ratification of Mrs. Adepeju Adebajo as Directors. They also elected Audit Committee members and authorized 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 81% from N111.9 billion a year earlier. Profit after tax rose 142% to N177.3 billion, while gross revenue increased 42.5% to N1.13 trillion. Return on equity rose to 23.2%.

The Group reported double-digit profit growth across all divisions. The Banking Group’s profit before tax rose 110%, while Consumer Finance, Investment Banking, and Investment Management grew by 107%, 90%, and 29%, respectively. This momentum continued into 2026, with all segments achieving strong first-quarter growth.

Chairman, Mr. Ladi Jadesimi, stated that these results demonstrate the resilience of the group’s diversified business model.

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“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 optimize value creation for all stakeholders,” Jadesimi stated.

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.

He added, “Our focus remains firmly on deepening our digital transformation, strengthening our culture of excellence, and amplifying the collective power of our ecosystem.”