Africa Prudential Plc posts 51% profit growth in 2025, supported by higher interest income, cost efficiency, and balance sheet expansion

Africa Prudential Plc has reported a sharp rise in earnings for the 2025 financial year, driven by improved interest income and disciplined cost management, while expanding its balance sheet.

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According to the company’s audited financial statement filed with the Nigerian Exchange (NGX) on 28 February 2026, pre-tax profit climbed 51.51% to N4.26 billion, up from N2.81 billion in 2024.

Profit after tax rose 50.10% to N2.72 billion from N1.81 billion, reflecting a strong rebound amid a high-yield environment.

The board has proposed a total dividend of 50 kobo per share for the year, comprising an interim dividend of 10 kobo and a final dividend of 40 kobo, subject to shareholder approval at the upcoming Annual General Meeting.

This is slightly lower than the 60 kobo dividend declared in 2024.

Gross earnings increased 38.33% year-on-year to N7.19 billion, driven largely by higher interest income from term deposits, which accounted for N5.8 billion of the N5.99 billion total interest income.

Operating expenses rose by 19.32% to N3.22 billion, well below revenue growth, supporting stronger operating margins and profitability.

The company’s balance sheet strengthened significantly.

Total assets grew 19% to N41.91 billion from N34.85 billion, while shareholders’ equity rose 17% to N12.54 billion despite dividend payments.

Total liabilities also increased to N29.2 billion from N24.00 billion, in line with overall growth.

On the equities market, Africa Prudential’s share price closed at N17.95 on 27 February 2026, a marginal 0.8% dip from N18.10, but up 21.3% year-to-date from N14.80.

Between 28 November 2025 and 27 February 2026, investors traded 137 million shares in 11,254 deals valued at N2.15 billion, with average daily volumes of 2.17 million shares.

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Overall, the company’s 2025 performance underscores its earnings resilience, cost efficiency, and strengthened financial position, even as it adopts a slightly more conservative dividend policy.