Access Holdings Plc expanded quarterly revenue by 14.1 percent to reach 3.9 trillion naira during the period ending in September, according to financial statements released by the Nigerian conglomerate. The company brought in 3.4 trillion naira through the same stretch of 2024, with earnings climbing 56.2 percent from the 2.5 trillion naira recorded at midyear.
Revenue from interest jumped 21.1 percent annually to 2.9 trillion naira while net interest earnings surged 48.9 percent to 1.3 trillion naira, up from 845 billion naira one year earlier. Management attributed the performance to loan portfolio growth combined with strategic emphasis on assets generating stronger returns. Quarter over quarter comparisons showed interest revenue and net interest totals advancing 42.1 percent and 27.8 percent, respectively, from first-half figures of 2.0 trillion naira and 984 billion naira.
Fee and commission income after expenses rose 44.3 percent year over year to 476 billion naira from 330 billion naira, reflecting elevated transaction activity through digital and payment platforms. The fee category doubled from the 237 billion naira collected during the initial six months, representing a 100.8 percent quarterly expansion.
Revenue from interest jumped 21.1 percent annually to 2.9 trillion naira while net interest earnings surged 48.9 percent to 1.3 trillion naira, up from 845 billion naira one year earlier. Management attributed the performance to loan portfolio growth combined with strategic emphasis on assets generating stronger returns. Quarter over quarter comparisons showed interest revenue and net interest totals advancing 42.1 percent and 27.8 percent, respectively, from first-half figures of 2.0 trillion naira and 984 billion naira.
Fee and commission income after expenses rose 44.3 percent year over year to 476 billion naira from 330 billion naira, reflecting elevated transaction activity through digital and payment platforms. The fee category doubled from the 237 billion naira collected during the initial six months, representing a 100.8 percent quarterly expansion.
