{"id":2893,"date":"2026-07-09T19:57:04","date_gmt":"2026-07-09T16:57:04","guid":{"rendered":"https:\/\/zalebs.com\/news\/fcmb-group-clears-%e2%82%a623-08bn-dividend-payout-at-2026-agm\/"},"modified":"2026-07-09T19:57:04","modified_gmt":"2026-07-09T16:57:04","slug":"fcmb-group-clears-%e2%82%a623-08bn-dividend-payout-at-2026-agm","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/fcmb-group-clears-%e2%82%a623-08bn-dividend-payout-at-2026-agm\/","title":{"rendered":"FCMB Group Clears \u20a623.08bn Dividend Payout at 2026 AGM"},"content":{"rendered":"<p>FCMB Group Plc secured shareholder approval for a \u20a623.08 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.<\/p>\n<h2>Dividend approval and governance decisions<\/h2>\n<p>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\u2019 remuneration.<\/p>\n<ul>\n<li>Approved a total dividend of \u20a623.08 billion for the year ended Dec. 31, 2025.<\/li>\n<li>Re-elected Mr. Ladi Jadesimi as a Director.<\/li>\n<li>Ratified Mrs. Adepeju Adebajo as a Director.<\/li>\n<li>Elected members of the Audit Committee.<\/li>\n<li>Authorised Directors to set the auditors\u2019 remuneration.<\/li>\n<\/ul>\n<h2>Strong 2025 performance and momentum into 2026<\/h2>\n<p>Shareholders heard that the AGM came after a period of solid earnings growth across FCMB Group\u2019s business lines, even as Nigeria\u2019s operating environment remained difficult. For 2025, the group posted a steep rise in profitability and revenue, with returns improving across key metrics.<\/p>\n<ul>\n<li>Profit before tax increased to \u20a6202.1 billion for the year ended Dec. 31, 2025, up 81% from \u20a6111.9 billion.<\/li>\n<li>Profit after tax climbed 142% to \u20a6177.3 billion.<\/li>\n<li>Gross revenue rose 42.5% to \u20a61.13 trillion.<\/li>\n<li>Return on equity strengthened to 23.2%.<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>Banking Group profit before tax rose 110%.<\/li>\n<li>Consumer Finance profit grew 107%.<\/li>\n<li>Investment Banking profit increased 90%.<\/li>\n<li>Investment Management profit rose 29%.<\/li>\n<\/ul>\n<p>The company said the performance trend continued into 2026, with each segment delivering strong growth in the first quarter.<\/p>\n<h2>Management\u2019s message: resilience, capital planning and digital focus<\/h2>\n<p>Chairman Mr. Ladi Jadesimi said the results reflect the group\u2019s 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.<\/p>\n<p>\u201cWe 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,\u201d Jadesimi said.<\/p>\n<p>Group Chief Executive Mr. Ladi Balogun called 2025 a \u201ctransformative\u201d 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.<\/p>\n<p>\u201c2025 was a transformative year for FCMB Group \u2013 one in which we witnessed the true impact of \u2018The Power of the Group\u2019. 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,\u201d Balogun said.<\/p>\n<p>Balogun added that the group\u2019s priorities include deepening digital transformation, strengthening its culture of excellence, and expanding the influence of its ecosystem. He also noted that completing the group\u2019s recapitalisation programme has set it up for the next phase of long-term growth.<\/p>\n<h2>Shareholder reactions, financial highlights and dividend record date<\/h2>\n<p>After the management presentation, shareholder representatives praised both the company\u2019s 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.<\/p>\n<ul>\n<li>Mrs. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, said the dividend demonstrates management\u2019s commitment to shareholder value despite economic headwinds.<\/li>\n<li>Mr. Boniface Okezie, National Chairman of the Progressive Shareholders Association of Nigeria, praised FCMB\u2019s backing for small businesses and women-owned enterprises.<\/li>\n<li>Okezie noted that FCMB provided \u20a6537.5 billion in financing to SMEs in 2025, including \u20a651 billion to women-owned businesses.<\/li>\n<li>Shareholder Mr. Eric Akinduro highlighted improved asset quality, saying the group\u2019s non-performing loan ratio declined to 5% from 5.95%.<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>Total assets rose 8.2% to \u20a67.63 trillion.<\/li>\n<li>Consumer and SME lending increased 24% to \u20a6930 billion.<\/li>\n<li>Assets under management grew 24.2% to \u20a61.70 trillion.<\/li>\n<\/ul>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FCMB Group Plc secured shareholder approval for a \u20a623.08 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"FCMB Group Approves \u20a623.08bn Dividend at 2026 AGM","_yoast_wpseo_metadesc":"FCMB Group shareholders approve a \u20a623.08bn dividend for 2025 at the 2026 AGM in Lagos, endorsing governance resolutions as earning","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2893","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FCMB Group Approves \u20a623.08bn Dividend at 2026 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