Access Holdings Plc

®Asset Extensions: Total Assets grew 3.8% yearto-date to N32.65 trillion, supported by continuous deployment of its expanded capital base.

®Liquidity Inflow: Customer deposits rose 8.3% year-to-date to N26.35 trillion.

®Foreign Buffer: International banking subsidiaries (Ghana, UK, Sierra Leone, Gambia, Kenya, and Côte d’Ivoire) generated N166.09 billion in PBT, accounting for a vital portion of the group’s diversified cushion. Non-Nigerian assets sat robustly at N8.50 trillion.

Strategic Drivers behind the Shift 1.The Tax Drag: The primary headwind on after-tax profitability was the Nigeria Tax Act 2025, which significantly inflated corporate tax provisions and clawed back headline net income. 2.Margin Stabilization: Interest income fell by 8.9% due to declining lending rates and investment security yields. Thankfully, a 12.9% plunge in interest expenses protected core interest margins from steeper declines.

3.Credit Risk De-risking: The highlight of the audited results was a massive 81.5% reduction in credit impairment charges, indicating a dramatic improvement in asset quality and legacy loan provisioning.

4.Trading Reversal: High-yielding foreign exchange trading dynamics that spiked profits in 2025 collapsed into a N92.2 billion net trading loss for H1 2026.

Access Holdings Plc (ACCESSCORP) delivered a strong financial performance for the first half of 2026 (H1/ Q2), driven by a 29.2% surge in Profit Before Tax (PBT) to N414.13 billion.

This bottom-line growth was primarily catalyzed by a massive 70% reduction in credit impairment charges and stellar expansion in fee-based income.

The group released its delayed interim financial statements following regulatory clearances from the Central Bank of Nigeria (CBN). The performance marks a pivotal shift in corporate strategy from aggressive geographical expansion toward disciplined value creation and capital optimization.

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Independent Newspapers Limited, registered on July 17, 2001 (RC No: 419927), commenced publication on October 1, 2001. With registered office at 15b, Daranijo Street, off Odusami street, off Wemco road, Ogba, Ikeja