Wema Bank Reports Outstanding 231% Profit Growth in H1 2025

Wema Bank, Nigeria’s pioneering indigenous financial institution, has announced remarkable half-year 2025 results, demonstrating exceptional progress across all major financial metrics. The bank’s profit before tax surged to ₦101.2 billion, an impressive 231% increase compared to ₦30.55 billion in the same period last year.

Financial Highlights:Interest income grew sharply by 65% year-over-year to ₦240.1 billion, propelled by strategic asset repricing and expanded lending operations. Non-interest income soared by 91%, reaching ₦63.08 billion, while total gross earnings climbed 70% to ₦303.2 billion. The bank sustained a strong balance sheet, with total assets increasing to ₦3.963 trillion and loans and advances rising 19% to ₦1.426 trillion. Importantly, asset quality remained solid, reflected in a low non-performing loan ratio of 3.17%.

Market Impact and Stock Performance:The market responded positively as Wema Bank’s shares closed at ₦22.00 on July 31, 2025, marking a 120% gain year-to-date. The stock hit new 52-week highs, delivering a remarkable 220% return over the last year. Valued at approximately ₦471 billion with a P/E ratio of 3.20, Wema Bank offers attractive investment potential. Strong earnings growth and improved operational efficiency, including a 60.4% rise in Return on Average Equity, highlight Wema Bank’s position as a leading performer in Nigeria’s banking sector for 2025.