Royal Exchange Plc has reported a profit after tax of N496.8m for the financial year ended March 31, 2025, representing a 13 per cent decline from the N571.3m recorded in the same period in 2024.
The group’s earned income also dipped by 16 per cent to N594m in 2025, compared to N706m posted in the previous year, according to its unaudited financial statements.
Despite the drop in earnings and profit, the company’s shareholders’ fund rose by 19 per cent to N7.17bn from N6.01bn, indicating improved capital strength.
Interest income surged by 84 per cent to N143.7m in 2025, up from N77.9m in the previous year, while interest expense fell by 15 per cent to N41.2m.
This led to a 261 per cent jump in net interest income to N105.9m.
Royal Exchange also reported N437.3m in share of profit from investments in associates, although this was lower than the N674.2m recorded in 2024.
The group recorded a 28 per cent reduction in management expenses, which dropped to N97.3m in 2025 from N134.7m a year earlier.
Its stock exchange quotation rose by 26 per cent to N0.63 per share, while basic earnings per share declined by 40 per cent to N10.
Total assets stood at N9.69bn as of March 31, 2025, a marginal increase of 0.6 per cent from N9.64bn the previous year. The company also reduced its borrowings by 43 per cent to N1.04bn and trimmed its current income tax liabilities by 97 per cent to N6.5m.
The PUNCH reported that life assurance, health insurance and credit financing group Royal Exchange Plc failed to record the full subscription of its rights issue as it closed at 75.83 per cent.
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