Access Holdings Reports N867 Billion Pre-Tax Profit for FY 2024, Proposes N2.05 Final Dividend

LAGOS, Nigeria — Access Holdings Plc, the parent company of Access Bank, has released its audited financial results for the full year ended December 31, 2024, reporting a significant increase in earnings and profitability.

According to the statement filed on the Nigerian Exchange (NGX), the group posted a pre-tax profit of ₦867.02 billion, up 18.9% from ₦729.00 billion recorded in 2023.

Key Financial Highlights (FY 2024)

Metric	FY 2024	FY 2023	Change
Gross Earnings	₦4.878 trillion	₦2.594 trillion	▲ 88%
Profit Before Tax (PBT)	₦867.02 billion	₦729.00 billion	▲ 18.9%
Profit After Tax (PAT)	₦642.22 billion	₦619.32 billion	▲ 3.7%
Final Dividend Proposed	₦2.05 per share	—	—
Total Dividend (FY 2024)	₦2.50 per share	₦1.30 (FY 2023)	▲ 92.3%

The group’s total gross earnings almost doubled, reflecting strong growth in interest income, trading income, and fee-based services, signaling the resilience and diversification of Access Holdings’ business operations.

Dividend Update: Shareholder Returns Strengthened

Access Holdings has declared a final dividend of ₦2.05 per ordinary share, bringing the total dividend for the 2024 financial year to ₦2.50 per share. This is based on the company’s 53.32 billion issued ordinary shares of 50 kobo each.

The proposed dividend represents a massive 92.3% increase from the ₦1.30 dividend declared in 2023, reflecting the company’s strong capital position and commitment to rewarding shareholders.

Strategic Growth Amid Economic Headwinds

Access Holdings’ robust performance in 2024 comes despite macroeconomic challenges, including inflationary pressures, FX volatility, and elevated interest rates in Nigeria.

The group’s expansion strategy across Africa and key global markets continues to pay off, contributing significantly to earnings and positioning Access Holdings as one of the largest and most diversified financial services institutions in Africa.

What to Expect

While full segment breakdowns and asset growth figures are yet to be released, analysts anticipate:

Further details on digital banking growth and retail expansion
Updates on pan-African operations and international subsidiaries
Management commentary on capital adequacy, risk exposure, and strategic initiatives for 2025

Conclusion

Access Holdings’ FY 2024 results underscore a year of strong financial growth, solid shareholder returns, and strategic resilience. With a near ₦5 trillion gross earnings milestone and a total dividend of ₦2.50 per share, the group continues to solidify its status as a dominant player in Africa’s banking landscape.

Investors will now look forward to the company’s Annual General Meeting (AGM) and detailed earnings breakdowns to further assess future outlook and capital deployment strategies.