Access Holdings Plc, on Wednesday published its audited financial for the year ended December 31, 2024 through the Nigerian Exchange Limited platform showing that despite the 88% growth in gross earnings income, net profit merely limped by 3.7%.
Earnings per share, however slipped from N17.23 to N16.71 each, following which the directors have recommended a final dividend of N2.05, up from N1.80, in addition to an interim dividend of N0.45, compared to N0.30 each.
Total assets for the period rose to N41.498tr, 55.49% better than the N26.688tr recorded in the corresponding period of 2023, driven by the N11.487tr in customer loans and advances, up from N8.037tr; which was slightly better than the investment securities valued at N11.343tr, which more than doubled from the previous N5.342tr. Total liabilities soared from N24.503tr to N37.737tr, representing a 54.01% growth within the period, with customer deposits accounting for N22.524tr, compared to N15.322tr in the 2023 full-year. Shareholders’ fund, therefore improved to N3.76tr, up from N2.185tr, or 72.04%.