FCMB shareholders approve N23.08bn dividend after 142% profit surge
Shareholders of FCMB Group Plc have approved a total dividend payout of N23.08 billion for the 2025 financial year following the group’s strong earnings performance, which saw profit after tax more than double despite a challenging operating environment.
The approval was granted at the company’s 13th Annual General Meeting (AGM) held in Lagos, where shareholders, participating physically and virtually, also endorsed all resolutions presented by the Board, including the re-election of Ladi Jadesimi and the ratification of Adepeju Adebajo as directors.
They also elected members of the Audit Committee and authorised the directors to determine the remuneration of the external auditors.
The dividend approval followed a robust financial performance for the year ended December 31, 2025, with the financial services group posting an 81 per cent increase in profit before tax to N202.1 billion, compared with N111.9 billion in 2024.
Profit after tax surged by 142 per cent to N177.3 billion, while gross revenue rose 42.5 per cent to N1.13 trillion. The group’s return on equity also improved to 23.2 per cent.
FCMB recorded double-digit earnings growth across its major business segments. Profit before tax at the Banking Group rose 110 per cent, while Consumer Finance, Investment Banking and Investment Management businesses recorded growth of 107 per cent, 90 per cent and 29 per cent, respectively.
The group said the positive momentum has continued into 2026, with all business divisions delivering strong growth in the first quarter.
Chairman of FCMB Group, Ladi Jadesimi, said the performance reflects the resilience of the group’s diversified business model and its commitment to creating sustainable value for shareholders.
He said the company remains focused on balancing attractive shareholder returns with the need to retain sufficient capital to fund long-term expansion, strengthen its competitive position and drive future growth.
Group Chief Executive, Ladi Balogun, described 2025 as a transformative year for the organisation, attributing the performance to stronger collaboration across its banking, consumer finance, investment banking and investment management businesses.
According to him, the completion of the group’s recapitalisation programme has positioned FCMB for its next phase of sustainable growth.
“Our focus remains firmly on deepening our digital transformation, strengthening our culture of excellence and amplifying the collective power of our ecosystem,” Balogun said.
Shareholder groups commended the Board and management for the company’s financial performance and consistent dividend policy.
National Coordinator of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, described the dividend payout as evidence of management’s commitment to rewarding investors despite prevailing economic challenges.
Similarly, National Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, praised the group’s support for small businesses and women-owned enterprises, noting that FCMB disbursed N537.5 billion in financing to small and medium-sized enterprises (SMEs) in 2025, including N51 billion to women-owned businesses.
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