Abbey Mortgage Bank Plc has reported a profit before tax of ₦3.13 billion for the financial year ended December 31, 2025, representing a significant increase from the ₦1.23 billion recorded in 2024.

The bank disclosed this in its audited financial results submitted to the Nigerian Exchange Group, highlighting strong growth across key performance indicators.

According to the report, profit after tax also rose markedly to ₦2.16 billion, compared to ₦1.07 billion in the previous year. Gross interest income grew by 58.7 per cent year-on-year to ₦18.97 billion, largely driven by increased earnings from cash and short-term funds.

Earnings per share improved to 21 kobo, up from 11 kobo in 2024, while customer deposits surged to ₦79.63 billion from ₦53.90 billion recorded the previous year.

Buoyed by the improved performance, the bank’s Board of Directors recommended a dividend of 12 kobo per share for the 2025 financial year, doubling the 6 kobo paid in the prior year.

The bank also recorded significant expansion in its balance sheet, with total assets rising to ₦165.8 billion, up from ₦84.3 billion in 2024. Investment securities, which account for the largest share of assets, increased by 98.5 per cent year-on-year to ₦106.57 billion.

Similarly, bank balances and short-term placements with other financial institutions grew sharply by 214 per cent to ₦43.7 billion.

However, the bank’s loan portfolio declined slightly to ₦9.72 billion from ₦12.07 billion, attributed to customer repayments during the period.

Total liabilities rose to ₦155 billion, compared to ₦75 billion in the previous year, with customer deposits accounting for a significant portion at ₦79.6 billion. Additional funds for on-lending also increased to ₦9.5 billion.

Deposits for shares witnessed a sharp rise to ₦49.2 billion from ₦4 billion in 2024, while shareholders’ funds grew to ₦10.79 billion from ₦9.23 billion, driven largely by retained earnings which increased to ₦2.4 billion.

Commenting on the results, the Managing Director, Mobolaji Adewumi, said the bank remains committed to its core mandate of providing mortgage and banking services to Nigerians.

He added that the upcoming Annual General Meeting will provide an opportunity for shareholders to engage with the Board on the bank’s performance and future outlook.

Founded in 1991 and listed on the Nigerian Exchange, Abbey Mortgage Bank Plc is a leading primary mortgage institution in Nigeria, offering mortgage and financial services to individuals and businesses.