FCMB Group Plc has projected gross earnings of N265.2bn for the fourth quarter ending December 31, 2025, reflecting a strong outlook for its operations and revenue growth.
According to the group’s earnings forecast filed on the Nigerian Exchange Limited on Monday, interest income is expected to contribute N231.8bn, while interest expense is projected at N116.08bn. This will result in a net interest income of N115.76bn for the period under review.
Other income streams are also projected to bolster earnings, with foreign exchange earnings forecast at N3.71bn, securities trading income at N4.37bn, contingent income at N1.17bn, transaction commissions at N20.42bn, and other income at N3.67bn. These are expected to lift net operating income to N149.12bn.
The group, however, anticipates loan losses and writebacks of N14.12bn alongside operating expenses of N69.12bn, leaving profit before taxation at N65.87bn. After providing for taxation of N7.05bn, profit after taxation is projected at N58.82bn for the quarter.
In its cash flow forecast, FCMB expects net cash generated from operating activities to stand at N109.08bn, driven by an operating cash flow before working capital changes of N113.79bn. Working capital changes are estimated at a negative N4.50bn, while taxes are projected at N214.27m.
The group also forecasts net cash flow from financing activities to be a negative N1.82bn, while investing activities are expected to yield N71.32bn.
This will result in a net increase of N178.57bn in cash and cash equivalents for the quarter.
With this performance, FCMB projects its cash and cash equivalents to close the quarter at N852.91bn, compared to the N674.34bn recorded at the beginning of the period.
The lender noted that the cash flow forecasts remain estimates, as the preceding quarter is yet to be concluded, but emphasised that the projections reflect its resilience and ability to sustain profitability despite prevailing economic headwinds.
