FCMB Group Plc secured shareholder approval for a ₦23.08 billion dividend for the 2025 financial year on June 30, 2026, at its 13th Annual General Meeting (AGM) in Lagos, with investors participating both in person and remotely. The payout and a full slate of governance resolutions were endorsed as the bank group reported a sharp jump in earnings and continued momentum into 2026.
Dividend approval and governance decisions
At the AGM, shareholders backed the full package of Board resolutions, including corporate actions related to leadership and oversight. The meeting also approved the election and composition of key committees and authorised the Board to determine the auditors’ remuneration.
- Approved a total dividend of ₦23.08 billion for the year ended Dec. 31, 2025.
- Re-elected Mr. Ladi Jadesimi as a Director.
- Ratified Mrs. Adepeju Adebajo as a Director.
- Elected members of the Audit Committee.
- Authorised Directors to set the auditors’ remuneration.
Strong 2025 performance and momentum into 2026
Shareholders heard that the AGM came after a period of solid earnings growth across FCMB Group’s business lines, even as Nigeria’s operating environment remained difficult. For 2025, the group posted a steep rise in profitability and revenue, with returns improving across key metrics.
- Profit before tax increased to ₦202.1 billion for the year ended Dec. 31, 2025, up 81% from ₦111.9 billion.
- Profit after tax climbed 142% to ₦177.3 billion.
- Gross revenue rose 42.5% to ₦1.13 trillion.
- Return on equity strengthened to 23.2%.
FCMB also reported double-digit growth in profits across its major divisions. Banking led with a strong expansion, while other business units delivered gains at varying rates.
- Banking Group profit before tax rose 110%.
- Consumer Finance profit grew 107%.
- Investment Banking profit increased 90%.
- Investment Management profit rose 29%.
The company said the performance trend continued into 2026, with each segment delivering strong growth in the first quarter.
Management’s message: resilience, capital planning and digital focus
Chairman Mr. Ladi Jadesimi said the results reflect the group’s ability to withstand pressure thanks to a diversified operating model. He also emphasised the balance between rewarding shareholders and retaining capital for future expansion and competitive strength.
“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 called 2025 a “transformative” year, pointing to cross-business collaboration as a key driver of results. He highlighted synergy among the Banking Group, Consumer Finance, Investment Banking and Investment Management.
“2025 was a transformative year for FCMB Group – one in which we witnessed the true impact of ‘The Power of the Group’. A core driver of our performance in 2025 was the effective synergy across our business groups: Banking Group, Consumer Finance, Investment Banking, and Investment Management, each playing a distinct yet complementary role in delivering business growth,” Balogun said.
Balogun added that the group’s priorities include deepening digital transformation, strengthening its culture of excellence, and expanding the influence of its ecosystem. He also noted that completing the group’s recapitalisation programme has set it up for the next phase of long-term growth.
Shareholder reactions, financial highlights and dividend record date
After the management presentation, shareholder representatives praised both the company’s results and the dividend decision. Several investors also pointed to specific areas of progress, including financing support for small businesses and improvements in asset quality.
- Mrs. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, said the dividend demonstrates management’s commitment to shareholder value despite economic headwinds.
- Mr. Boniface Okezie, National Chairman of the Progressive Shareholders Association of Nigeria, praised FCMB’s backing for small businesses and women-owned enterprises.
- Okezie noted that FCMB provided ₦537.5 billion in financing to SMEs in 2025, including ₦51 billion to women-owned businesses.
- Shareholder Mr. Eric Akinduro highlighted improved asset quality, saying the group’s non-performing loan ratio declined to 5% from 5.95%.
FCMB Group also shared additional balance-sheet and investment metrics during the meeting. The company reported growth in total assets and expanding lending and wealth-management activity, reinforcing what it described as a diversified earnings base and a long-term growth approach.
- Total assets rose 8.2% to ₦7.63 trillion.
- Consumer and SME lending increased 24% to ₦930 billion.
- Assets under management grew 24.2% to ₦1.70 trillion.
The approved dividend is scheduled for payment on July 30, 2026, to shareholders whose names appear in the register of members as of the close of business on June 15, 2026.
