The NPF Microfinance Bank has disclosed that it recorded ₦19.366 billion in gross earnings and ₦2.906 billion in profit after tax in 2025.
The Chairman of the bank and a retired Commissioner of Police, Otunba Samuel Damilola Adegbuyi, made this development public.
Adegbuyi made this disclosure on June 11, 2026 during the bank’s 32nd Annual General Meeting and presentation of the Annual Report and Financial Statements for the financial year ended December 31, 2025.
“Our Financial Year 2025 performance demonstrates disciplined execution of strategic priorities, underpinned by effective cost optimisation, prudent risk management, and the deployment of technology-driven solutions,” he said.
He further disclosed that gross earnings grew by 49.57 percent year-on-year, rising from ₦12.95 billion in 2024 to ₦19.37 billion in 2025, while net interest income increased by 53.23 percent from ₦10.37 billion to ₦15.90 billion over the same period.
Total revenue expanded by 49.66 percent, reaching ₦17.72 billion in 2025, up from ₦11.84 billion in 2024, while total operating expenses rose by 42.08 percent, from ₦9.41 billion to ₦13.37 billion, reflecting the impact of elevated inflation and higher operating costs.
Profit before tax increased significantly by 78.28 percent from ₦2.44 billion in 2024 to ₦4.35 billion in 2025, while profit after tax grew by 85.35 percent, from ₦1.57 billion to ₦2.91 billion.
Total loans expanded by 52.21 percent, from ₦25.53 billion in 2024 to ₦38.85 billion in 2025, reinforcing strong core lending growth.
Asset quality remained robust, with the Portfolio at Risk (PAR) ratio at 2.4 percent, well below the Central Bank of Nigeria (CBN) regulatory threshold of 5.0 percent.
Deposit liabilities increased modestly by 1.95 percent to ₦42.88 billion, demonstrating balance sheet resilience despite sustained inflationary pressures, while total assets remained largely stable at ₦67.73 billion, reflecting a marginal 1.31 percent decline from ₦68.63 billion in 2024.
Adegbuyi also informed shareholders that total shareholders’ funds rose by 16.88 percent, closing at ₦13.85 billion at year-end 2025, compared with ₦11.85 billion at the end of 2024.
Earnings per share increased by 84.62 percent, from 26 kobo in 2024 to 48 kobo in 2025, reflecting stronger profitability and improved returns to shareholders.
“Overall, this strong performance reflects consistent delivery against our strategic objectives, supported by disciplined financial management, effective risk controls, and continued investment in technology to drive sustainable growth,” the chairman stated.
He noted that the Nigerian banking sector in 2025 operated within a tightly regulated and reform-driven environment, shaped by persistent macroeconomic pressures and significant policy recalibration.
Despite these headwinds and a challenging business climate, the Board and Management of NPF Microfinance Bank Plc delivered an outstanding financial performance through resilience, disciplined execution, and strategic focus, reinforcing the bank’s position as a strong and growing institution.
Adegbuyi added: “The bank’s balance sheet remained solid, with total assets closing at ₦67.73 billion, reflecting continued growth in core operations despite a dynamic operating environment.
“Loans and advances expanded significantly to ₦38.85 billion, reaffirming the bank’s commitment to deepening financial inclusion and providing credit support to micro, small, and medium enterprises.”
He said: gross earnings grew significantly to ₦19.37 billion from ₦12.95 billion in 2024, driven by expansion in the loan book and improved yield on earning assets.
Net interest income also rose appreciably to ₦15.89 billion from ₦10.37 billion in the preceding year, underscoring the bank’s efficient management of cost of funds and enhanced lending margins.
Net operating income increased to ₦17.72 billion, representing robust growth over the ₦11.84 billion recorded in the previous year, attributable to higher core business income and strengthened operational efficiency.
Profit before tax recorded remarkable growth of 78.6 percent, rising to ₦4.35 billion from ₦2.44 billion in 2024, driven largely by increased loan disbursements, improved asset pricing, and effective treasury portfolio management.
Profit after tax stood at ₦2.91 billion, an impressive increase of 84.6 percent over the ₦1.57 billion recorded the previous year, further demonstrating the bank’s strong profitability and cost optimisation strategies.
Earnings per share increased to 48 kobo from 26 kobo in 2024, indicating enhanced shareholder returns and improved overall performance, while shareholders’ funds remained strong at ₦13.85 billion, providing a solid capital base and positioning the bank for sustained growth and future strategic expansion.
In recognition of the bank’s record-breaking performance, and in line with its policy of balancing shareholder returns with future growth needs, the Board proposed a dividend of 20 kobo per share, a 33.3 percent increase over the 15 kobo paid in 2024, subject to formal shareholder approval at the meeting.
Adegbuyi also announced changes to the board’s composition since the last Annual General Meeting, noting the resignation of Said Fagge and retirement of AIG Oyeyemi Oyediran.
“The Board expresses its sincere appreciation to the outgoing directors for their invaluable contributions, dedication, and service to the bank during their tenure, and wishes them every success in their future endeavours,” he said.
To fill the resulting vacancies, Omolara Latifat Giwa and CP Lennox Taylor Olarenwaju were appointed to the Board on April 24, 2026, subject to the approval of the Central Bank of Nigeria and ratification by shareholders at the AGM.
“The Board remains committed to maintaining a strong governance structure, ensuring the right balance of skills, experience, and independence required to provide effective oversight and strategic direction,” he added.
On the bank’s strategic direction, Adegbuyi revealed that in line with its three-year strategic plan (2025-2027), the 2025/2026 financial period saw significant progress across three core priorities: technology transformation, market deepening, and talent optimisation.
He said: “The bank has remained focused on strengthening its market position, enhancing service delivery, and building a resilient, future-ready institution.
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