Jaiz Bank Plc posted a profit of N31.04bn for the 2025 financial year, up from N23.48bn in 2024, driven by higher income from financing and investment activities, the bank said in its audited results for the year ended 31 December 2025.
In the period under review, profit before tax increased to N31.39bn, from N24.44bn in the previous year, reflecting improved income generation across the bank’s core operations.
Gross income from financing and investment transactions climbed to N97.93bn, up from N76.41bn in 2024. Income from financing contracts rose to N45.92bn, while income from investment activities, largely driven by sukuk investments, increased to N52.01bn.
After impairment charges of N452.08m, net income after provisions stood at N97.47bn, compared with N76.57bn in the prior year. Returns paid to equity investment account holders amounted to N26.86bn, leaving the bank’s share of income at N70.61bn.
Fees and commission income also improved during the year, contributing to a total income of N74.76bn, up from N61.76bn in 2024.
On the cost side, total operating expenses rose to N43.37bn, from N37.31bn, driven mainly by higher staff costs of N18.19bn and increased other operating expenses of N22.88bn, reflecting expansion in branch network and business activities.
Income tax expense declined significantly to N351.62m, compared with N960.62m in the previous year, supporting the growth in profit after tax.
Earnings per share improved to 69.62 kobo, from 66.38 kobo in 2024, indicating stronger returns to shareholders.
On the balance sheet, Jaiz Bank’s total assets grew 19.1 per cent to N1.29tn, from N1.08tn in 2024, driven largely by growth in investment in sukuk, which rose to N489.49bn, from N349.56bn.
Customer current deposits increased sharply to N724.05bn, compared with N493.60bn in the previous year, while customers’ unrestricted investment accounts stood at N394.28bn.
Total owners’ equity closed at N68.34bn, slightly lower than N71.47bn in 2024, reflecting dividend distribution and changes in retained earnings.
The results highlight Jaiz Bank’s continued focus on expanding its financing portfolio and investment activities amid a challenging operating environment.
