Improved interest income and disciplined cost management lifted earnings at Africa Prudential Plc in the 2025 financial year, as the company recorded a sharp rise in profitability and solid balance sheet expansion.
According to its audited financial statement filed with the Nigerian Exchange (NGX) on February 28, 2026, the registrar reported a pre-tax profit of N4.26 billion for the year ended December 31, 2025. This represents a 51.51 per cent increase compared to the N2.81 billion posted in 2024, reflecting a strong earnings rebound amid a high-yield environment.
Profit after tax also rose significantly, climbing 50.10 per cent to N2.72 billion from N1.81 billion in the prior year. The performance underscores the company’s ability to translate revenue growth into bottom-line gains despite prevailing macroeconomic pressures.
Dividend Proposal
The board has proposed a total dividend of 50 kobo per share for the 2025 financial year, lower than the 60 kobo declared in 2024. The proposed payout comprises an interim dividend of 10 kobo and a final dividend of 40 kobo, subject to shareholders’ approval at the company’s upcoming Annual General Meeting.
Revenue and Cost Performance
Gross earnings rose by 38.33 per cent year-on-year to N7.19 billion, up from N5.20 billion in 2024. The growth was largely driven by higher interest income, as improved yields on term deposits boosted returns on invested funds.
Interest income increased markedly to N5.99 billion from N4.12 billion in the previous year, with term deposits accounting for N5.8 billion of the total. The strong performance highlights the company’s strategic positioning in a high-interest-rate environment.
Operating expenses grew by 19.32 per cent to N3.22 billion, compared to N2.70 billion in 2024. However, the pace of cost growth remained significantly below revenue expansion, leading to stronger operating margins and enhanced profitability.
Strengthened Balance Sheet
Total assets expanded by 19 per cent to N41.91 billion from N34.85 billion in the prior year, supported largely by growth in assets under management and client deposits.
Shareholders’ equity rose 17 per cent to N12.54 billion, despite dividend payments during the year, reflecting healthy retained earnings. Total liabilities also increased to N29.2 billion from N24.00 billion in 2024, in line with overall balance sheet growth.
Market Performance
On the equities market, Africa Prudential’s share price closed at N17.95 on February 27, 2026, representing a marginal 0.8 per cent dip from its previous close of N18.10.
Despite the slight pullback, the stock has appreciated 21.3 per cent year-to-date, rising from N14.80 at the start of the year and ranking 70th on the NGX in terms of performance.
Trading activity has remained active. Between November 28, 2025 and February 27, 2026, investors exchanged 137 million shares in 11,254 deals valued at N2.15 billion. The stock recorded an average daily volume of 2.17 million shares during the period, with a peak of 10.3 million shares traded on February 24 and a low of 213,155 shares on January 2.
Overall, the company’s 2025 results reflect improved earnings resilience, efficient cost management, and a strengthened financial position, even as it adopts a slightly more conservative dividend stance.