FCMB Group Approves N23.08bn Dividend

Shareholders of FCMB Group Plc approved a total dividend payout of N23.08 billion for the 2025 financial year at the company's 13th Annual General Meeting in Lagos. This approval followed a year of strong financial performance, with FCMB Group reporting an 81% increase in profit before tax to N202.1 billion and a 142% rise in profit after tax to N177.3 billion. Gross revenue also increased by 42.5% to N1.13 trillion, and return on equity improved to 23.2%. The Group's Chairman, Oladipo Jadesimi, and Group Chief Executive, Ladi Balogun, highlighted the resilience of the diversified business model and the impact of collaboration across its segments, including Banking Group, Consumer Finance, Investment Banking, and Investment Management, all of which saw double-digit profit growth. Shareholders, including representatives from the Pragmatic Shareholders Association of Nigeria and the Pragmatic Shareholders Association of Nigeria, commended the management for the performance and commitment to shareholder value. FCMB Group also reported an 8.2% increase in total assets to N7.63 trillion, a 24% rise in consumer and SME lending to N930 billion, and a 24.2% growth in assets under management to N1.70 trillion. The non-performing loan ratio declined to 5% from 5.95%. The dividend was paid on July 30, 2026.