FCMB Group PLC (NSA:FCMB)

Q2 2025 Fcmb Group PLC Earnings Call Transcript

Aug 1, 2025 / 02:00 PM GMT

Release Date Price: ₦10.8 (+8.00%)

Transcript

Key Points

Positve

FCMB Group PLC (NSA:FCMB) reported a 23% growth in profit before tax, indicating strong financial performance.
The company achieved a 27% growth in low-cost deposits, enhancing its financial stability.
Net interest margins rose to 9.1%, with a peak above 10% in Q2, driven by improved asset yields.
Asset management saw a 15% growth in assets under management (AUM) to 1.6 trillion naira.
Digital revenues increased by 60% year-on-year, contributing significantly to gross earnings.

Negative

The non-performing loan (NPL) ratio increased to 13.08%, reflecting challenges in asset quality.
Impairments grew by 36.2 billion naira in Q2, impacting overall financial health.
Non-interest income declined by 35% year-on-year, affecting revenue diversification.
Operating expenses increased by 6.1%, driven by higher personnel and regulatory costs.
The real estate sector contributed significantly to NPLs, with ongoing discussions to resolve issues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FCMB.LG - Fcmb Group PLC
Q2 2025 Fcmb Group PLC Earnings Call
Aug 01, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you. Good afternoon, ladies and gentlemen, and welcome to the H1 analysts and investors presentation. I have with me in the room and online a number of my colleagues.

Mr. Joshua, the Group COO.

Didi, the group CFO, they will be helping me with the presentation and then supporting to answer questions will also be EEC, the bank CEO, Chukumanan, the CEO of Credit Direct Limited, James Lori, CEO of SCMB Asset Management, also on the board of SCMD Pensions.

Our Chief Risk Officer is currently on leave, but, a deputy is on the call as well, Mr. Zudinagar, and we also have Mr. Tunji of Investor Relations on the call.

The agenda for today will be covering 6 items. I will take you through the group highlights

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