At the 13th Annual Meeting of the FCMB Group Plc held in Lagos on 30 June 2026, the shareholders approved the total payout of N23.08billion for the financial year 2025.
The shareholders, both online and in-person, approved the Board’s resolutions. This included the reelection of Ladi Adebajo and the confirmation of Adepeju Adebajo.
The shareholders also elected members of the Audit Committee and authorized Directors to determine auditors’ compensation.
AGM was held after a strong year in earnings across all the businesses of the Group, despite difficult economic conditions. FCMB Group’s profit before taxes for the fiscal year ending Dec. 31, 2020 was N202.1 Billion, an 81% increase from N111.9 Billion a year ago. Profit after taxes rose by 142%, to N177.3 Billion.
Gross revenue increased by 42.5% at N1.13 Trillion. Return on Equity rose from 23.2% to 177.3 billion N177.3. Gross revenue increased 42.5%, or 1,13 trillion N177.3.
All divisions reported profit growth in double digits.
Profit before tax for the Banking Group grew 110% while Consumer Finance, Investment Banking and Investment Management increased by 107% each. All segments continued to grow strongly in the first quarter of 2026.
The Chairman, Mr.
Ladi Jadosimi said that the results show the strength of the group’s business model.
Jadesimi stated, “We are steadfastly committed to our goal of maintaining a balance between immediate shareholder returns and the requirement to maintain sufficient capital for long-term growth. We also want to strengthen our position in terms of competitiveness while maximising value creation across all stakeholder groups.”
Ladi Baligun, Group CEO of the group, described 2025 as an important year for transformation. He highlighted how strong collaboration is across all its business units.
“2025 has been a transformational year for FCMB Group. We have seen the impact of the ‘Power of the Group.’ Balogun stated that the synergy between our four business units – Banking Group, Consumer Finance and Investment Banking – was a key driver for our success in 2025. Our focus is on the digital transformation of our business, strengthening of our culture of expertise, and amplifying collective power in our ecosystem.
Balogun said that the completion of the Group’s recapitalisation program has enabled the organization to move into its next stage of growth.
The Board of Directors and the management were commended by shareholders for their performance as well as the dividends paid out.
Ms. Bisi Bakare is the National Coordinator of Pragmatic Shareholders Association of Nigeria. She stated that this dividend shows management’s dedication to shareholder value in spite of economic challenges.
Boniface Okie, the National Chairman of Progressive Shareholders Association of Nigeria (PSAN), praised their support of women and small business.
FCMB will provide N537.5 Billion in funding to SMEs by 2025. Of this, N51 Billion is for women-owned enterprises.
Eric Akinduro, a shareholder of the company, highlighted improvements in asset quality. He noted that non-performing loans ratios have decreased from 5,95% to 5%.
FCMB’s total assets increased by 8.2% to N7.63 Trillion. The Group reported a 24% increase in consumer and SME loans to N930billion, and assets under management increased 24.2%, to N1,70trillion.
The dividend approved was paid to the shareholders listed in the member’s register at the end of June 2026.
