Fidelity Bank has released its H1 2025 financial results for the period ended June 30, 2025, in a filing to the Nigerian Exchange Group (NGX).
Showing strong growth in revenue but weaker profitability as operating costs surged, the company’s gross earnings rose from N512.86 billion in H1 2024 to N748.71 billion in H1 2025.
This was a significant increase in business activity, while interest income also rose from N326.40 billion to N420.42 billion, supported by loan book growth and improved net interest margins.
However, profit before tax (PBT) fell by 10.13% year-on-year, dropping from N200.87 billion in H1 2024 to N180.53 billion in H1 2025.
The bank attributed the decline to higher operating expenses driven by exchange-rate volatility, elevated inflation, and increased impairment charges.
Profit after tax (PAT) also declined, falling from N159.72 billion reported in H1 2024 to N132.31 billion in H1 2025, impacted by both rising costs and a higher tax burden.
The bank’s management noted that the high-cost environment continues to affect operating efficiency and must be addressed to strengthen returns to shareholders.
Earnings per share (EPS) dropped from N4.99 to N2.64, a 47.09% decrease, mirroring the fall in profitability.
Key Financial Highlights (H1 2025)
- Gross Earnings: N748.71bn (+45.99% YoY)
- Net Interest Income: N420.42bn (+28.80% YoY)
- Profit Before Tax: N180.53bn (-10.13% YoY)
- Profit After Tax: N132.31bn (-17.22% YoY)
- Earnings Per Share: N2.64 (-47.09% YoY)
- Personnel Expenses: N40.93bn (+52.99% YoY)
- Other Operating Expenses: N200bn (+55.60% YoY)
Fidelity Bank’s Fitch ratings remain at Long-Term: B, Short-Term: B, with a Stable outlook. This revealed a speculative-grade position but no expected near-term rating action.
The bank, listed on the NGX Main Board, currently trades at N19.05 per share. It opened the year at N17.50 and has gained 9.14% year-to-date, ranking 103rd on the exchange in performance.
