FCMB shareholders approve N23.1bn dividend

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Shareholders of FCMB Group Plc have approved a total dividend payout of N23.08 billion for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held in Lagos last week.

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Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Ladi Jadesimi and the ratification of Mrs. Adepeju Adebajo as Directors. They also elected Audit Committee members and authorised Directors to set the auditors’ remuneration.

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The AGM followed a year of strong earnings growth across the group’s businesses, despite challenging economic conditions.

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FCMB Group reported profit before tax of N202.1 billion for the year ended Dec. 31, 2025, up 81% from N111.9 billion a year earlier. Profit after tax rose 142% to N177.3 billion, while gross revenue increased 42.5% to N1.13 trillion. Return on equity rose to 23.2%.

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The Group reported double-digit profit growth across all divisions. The Banking Group’s profit before tax rose 110%, while Consumer Finance, Investment Banking, and Investment Management grew by 107%, 90%, and 29%, respectively. This momentum continued into 2026, with all segments achieving strong first-quarter growth.

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Chairman, Mr. Ladi Jadesimi, stated that these results demonstrate the resilience of the group’s diversified business model.

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“We remain steadfast in our objective of balancing immediate shareholder returns with the need to retain sufficient capital to support long-term expansion, strengthen our competitive positioning and optimise value creation for all stakeholders,” Jadesimi stated.

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Group Chief Executive, Mr. Ladi Balogun, described 2025 as a transformative year, highlighting the strength of collaboration across its businesses.

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“2025 was a transformative year for FCMB Group – one in which we witnessed the true impact of ‘The Power of the Group’. A core driver of our performance in 2025 was the effective synergy across our business groups: Banking Group, Consumer Finance, Investment Banking, and Investment Management, each playing a distinct yet complementary role in delivering business growth,” Balogun said.

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He added, “Our focus remains firmly on deepening our digital transformation, strengthening our culture of excellence, and amplifying the collective power of our ecosystem.”

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Shareholder representatives commended the Board and management for the company’s performance and dividend payout.

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Mrs. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, stated that the dividend reflects management’s commitment to shareholder value despite economic challenges.

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Mr. Boniface Okezie, National Chairman of the Progressive Shareholders Association of Nigeria, praised the group’s support for small businesses and women-owned enterprises. He noted that FCMB provided ¦ 537.5 billion in financing to SMEs in 2025, including ¦ 51 billion to women-owned businesses.

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