Zenith Bank posts N1.26trn profit before tax, doubles dividends payout
By Collins Nweze Zenith Bank Plc has released its audited group financial results for the full year ended December 31, 2025. The group recorded gross earnings of N4.19 trillion, representing
By Collins Nweze
Zenith Bank Plc has released its audited group financial results for the full year ended December 31, 2025.
The group recorded gross earnings of N4.19 trillion, representing a six per cent year-on-year growth from NGN3.97 trillion in 2024.
This was driven by a 35 per cent increase in interest income to NGN3.7 trillion, anchored by high asset yields, an increase in interest-earning assets and effective pricing.
Net interest income grew by 53 per cent to NGN2.6 trillion, highlighting the bank’s ability to maintain a healthy spread between asset yields and funding costs.
Despite a five per cent drop in Profit Before Tax to NGN1.26 trillion, due to a cleanup of facilities which were under regulatory forbearance, Profit After Tax grew slightly by one per cent to close at NGN1.04 trillion, with an Earnings Per Share (EPS) of NGN25.32.
Customer deposits grew by 11 per cent from NGN22 trillion to NGN24 trillion, as a result of a sustained increase in both corporate and retail deposits, affirming the bank’s funding base.
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Gross loans moderately rose to NGN11 trillion, with the underlying growth offset by the write off of forbearance related exposures, a move that has markedly improved the quality of the Bank’s risk asset portfolio.
Non-Performing Loan (NPL) ratio improved to 3.8 per cent in December 2025 from 4.7 per cent in December 2024.
Group Managing Director/CEO, Dr. Adaora Umeoji, said the performance demonstrates the bank’s resolute commitment to delivering efficient balance sheet growth, operational excellence, and the ability to generate superior, sustainable returns across market cycles.
Commenting on the results, she stated: “Our 2025 results are a reflection of the discipline and focus with which we executed our strategy.
“We successfully strengthened our asset quality, optimised our balance sheet, and invested in the capabilities that will propel our next phase of growth”.
The coverage ratio remained robust at 173 per cent, underscoring the bank’s commitment to prudent provisioning and a culture of strict regulatory compliance.
Return on Average Equity (ROAE) and Return on Average Assets (ROAA) stood at 23.2 per cent and 3.4 per cent.
Net Interest Margin (NIM) of 13.7 per cent for the full year reinforces the sustainability of the Group’s core earnings.
The group’s cost-to-income ratio increased to 45.2 per cent, stemming from an increase in impairment charge and sustained inflationary pressure.
Capital Adequacy Ratio (CAR) and Liquidity Ratio stood at 25 per cent and 71 per cent respectively, well above the regulatory minimum and reflective of the Group’s robust capital and liquidity position.
In recognition of the group’s strong full-year performance and our promise to consistently deliver superior shareholder returns, the Board has proposed a final dividend of NGN8.75 per ordinary share.
In addition to the interim dividend of NGN1.25, this brings the total dividend for the 2025 financial year to NGN10.00 per ordinary share.
This represents a 100 per cent increase over the total dividend of NGN5.00 paid for the 2024 financial year.
Dr. Umeoji added: “2025 was a year of purposeful execution. We grew our core business and improved the quality of our risk assets.
“We are investing for the future and delivering value to our customers and shareholders with the consistency that defines the Zenith Bank brand.
“We entered 2026 as a stronger, more resilient institution that remains dedicated to supporting our customers as they build scale and capture emerging business opportunities.
“With our strong corporate governance, an expanding global footprint, and above all, our unicorn workforce, we remain confident in our ability to continue to deliver long term value for all our stakeholders.”
