FCMB shareholders approve ₦23.08bn dividend

Shareholders of FCMB Group Plc on Tuesday approved a total dividend payout of ₦23.08 billion for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held in Lagos.

Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Ladi Jadesimi and the ratification of Mrs. Adepeju Adebajo as Directors. They also elected Audit Committee members and authorised Directors to set the auditors’ remuneration.

The AGM followed a year of strong earnings growth across the group’s businesses, despite challenging economic conditions. FCMB Group reported profit before tax of ₦202.1 billion for the year ended Dec. 31, 2025, up 81% from ₦111.9 billion a year earlier. Profit after tax rose 142% to ₦177.3 billion, while gross revenue increased 42.5% to ₦1.13 trillion. Return on equity rose to 23.2%.

The Group reported double-digit profit growth across all divisions. The Banking Group’s profit before tax rose 110%, while Consumer Finance, Investment Banking, and Investment Management grew by 107%, 90%, and 29%, respectively. This momentum continued into 2026, with all segments achieving strong first-quarter growth.

Chairman Mr. Ladi Jadesimi stated that these results demonstrate the resilience of the group’s diversified business model.

“We remain steadfast in our objective of balancing immediate shareholder returns with the need to retain sufficient capital to support long-term expansion, strengthen our competitive positioning and optimise value creation for all stakeholders,” Jadesimi said.

Group Chief Executive Mr. Ladi Balogun described 2025 as a transformative year, highlighting the strength of collaboration across its businesses.

Balogun noted that completing the Group’s recapitalisation programme has positioned the organisation for its next phase of long-term growth.

Shareholder representatives commended the Board and management for the company’s performance and dividend payout.

Mrs. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, stated that the dividend reflects management’s commitment to shareholder value despite economic challenges.