Africa Prudential’s pre-tax profit hits N4.07 billion in 9M as interest income jumps 46%
Africa Prudential Plc has reported a 34.79% year-on-year increase in profit before tax to N4.07 billion for the nine months ended September 30, 2026, compared with N3.02 billion in the corresponding period of 2025. The post Africa Prudential’s pre-tax profit hits N4.07 billion in 9M as interest income jumps 46% appeared first on Nairametrics .
In the nine months ending September 30, 2026, Africa Prudential Plc experienced a 34.79% increase in pre-tax profit to N4.07 billion, compared to N3.02 billion in the same period last year. The strong performance was mainly driven by a 46.05% jump in interest income from its investment portfolio, reaching N5.85 billion. Profit after tax rose by 30.83% to N2.69 billion, with earnings per share increasing to 67 kobo from 51 kobo.
Despite higher personnel expenses, other operating costs, and credit impairment charges, the company managed to grow its revenue from customer contracts by 11.32% to N1.07 billion. Gross profit increased by 8.38% to N941.16 million, while total assets grew by N2.94 billion to N44.84 billion. The bank achieved compliance with the revised minimum capital requirement of N2.50 billion ahead of the regulatory deadline.
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