{
  "id": 17780942,
  "title": "Access Holdings posts N667.4 billion nine-month pre-tax profit as Q3 earnings rebound 78.4%",
  "url": "https://urgent.news/2026/11/02/access-holdings-posts-n667-4-billion-nine-month-pre-tax-profit-as-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T10:09:54.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/02/access-holdings-posts-n667-4-billion-nine-month-pre-tax-profit-as-q3-earnings-rebound-78-4/"
  },
  "original_language": "en",
  "account": "Access Holdings Plc announced a nine-month pre-tax profit of N667.36 billion as of September 2026, marking an 8.29% increase compared to N616.25 billion in the same period last year. The third-quarter earnings soared by 78.43% to N253.23 billion, up from N141.92 billion in Q2 2026, yet fell 14.35% year-on-year to N295.68 billion. The company disclosed its interim results on November 2, 2026, following Central Bank of Nigeria approvals. Access Holdings' half-year and nine-month reports were delayed pending regulatory clearance.\n\nInterest income grew to N3.10 trillion, up 6.91% year-on-year, while fees and commissions totaled N650.87 billion, representing an 8.40% increase from N600.40 billion. Net interest income rose to N1.29 trillion, a modest 2.74% rise from N1.26 trillion. Pre-tax profit reached N667.36 billion, up 8.29% from the previous year. Profit after tax stood at N474.17 billion, an 5.95% increase from N447.55 billion, and basic earnings per share amounted to N8.02, a 0.25% gain from N8.00.\n\nIn Q3, pre-tax profit grew to N253.23 billion, a notable 78.43% jump from N141.92 billion in the previous quarter, yet it declined 14.35% year-on-year from N295.68 billion. Total assets stood at N52.60 trillion, a slight 0.78% increase from N52.20 trillion. Debt securities and interest-bearing borrowings fell to N2.05 trillion, a significant 37.44% decrease from N3.28 trillion. While excluding deposits, lease liabilities, and Additional Tier 1 capital, cash and cash equivalents reduced to N6.53 trillion, down 27.54% from N9.01 trillion.\n\nAccess Holdings' performance in Q3 marked a turnaround from the weaker Q2 results. However, the profit for the nine-month period remained below the corresponding quarter of 2025. The company's mixed other income movements were attributed to a N138.81 billion fair-value hedge loss and a N19.91 billion loss on financial instruments at fair value. Despite the quarter-on-quarter recovery, Q3 earnings fell short of the prior-year levels.",
  "summary": "Access Holdings Plc reported pre-tax profit of N667.36 billion for the nine months ended September 2026, up 8.29% from N616.25 billion a year earlier. The post Access Holdings posts N667.4 billion nine-month pre-tax profit as Q3 earnings rebound 78.4% appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}