Jaiz Bank Earnings Surge to N31.04bn on Strong Financing and Investment Growth
Jaiz Bank Plc has reported a significant rise in its earnings, posting a profit of N31.04bn for the 2025 financial year, up from N23.48bn in 2024. The increase was largely fueled by higher income from financing contracts and investment activities, according to the bank’s audited results for the year ended December 31, 2025.
Profit before tax also climbed to N31.39bn from N24.44bn the previous year, reflecting steady growth across the bank’s core operations. Gross income from financing and investment transactions rose to N97.93bn, compared with N76.41bn in 2024, with financing contracts contributing N45.92bn and investment activities, particularly sukuk investments, generating N52.01bn.
After accounting for impairment charges of N452.08m, net income after provisions stood at N97.47bn, up from N76.57bn in 2024. The bank paid N26.86bn to equity investment account holders, leaving a share of N70.61bn. Fees and commission income also improved, contributing to a total income of N74.76bn, higher than N61.76bn recorded the previous year.
On the expenditure side, total operating costs rose to N43.37bn from N37.31bn, driven by increased staff costs of N18.19bn and other operating expenses of N22.88bn, reflecting the bank’s ongoing expansion in branches and business operations. Notably, income tax expenses dropped to N351.62m from N960.62m, supporting growth in profit after tax. Earnings per share improved to 69.62 kobo from 66.38 kobo, signalling stronger returns for shareholders.
Jaiz Bank’s balance sheet also strengthened, with total assets growing 19.1% to N1.29tn, boosted by sukuk investments rising to N489.49bn. Customer deposits increased sharply to N724.05bn, while unrestricted investment accounts stood at N394.28bn. Total owners’ equity closed at N68.34bn, slightly lower than the previous year due to dividend payouts and retained earnings adjustments. The results underscore the bank’s focus on expanding its financing portfolio and investments despite a challenging economic environment.
source: punch