Zenith Bank Plc has reported strong financial results for the first half of 2025, recording a pre-tax profit of N625.63 billion and an after-tax profit of N532.18 billion for the period ended June 30, 2025.
Newsonspot reports that according to the bank’s financial statement released on Thursday, gross earnings grew 19.96% year-on-year to N2.521 trillion, reflecting resilience in a challenging inflationary environment.
The board of directors approved an interim dividend of N1.25 per share, up from N1.00 declared in H1 2024 — a 25% increase. The dividend will be paid on October 10, 2025, to shareholders whose names appear on the register by October 3, 2025.
Interest Income Boosts Earnings
The results showed that growth was driven largely by interest income, which surged 60% year-on-year to N1.839 trillion, representing 73% of gross earnings compared to 55% in H1 2024.
Interest from loans and advances rose 55% to N936 billion, accounting for 37.2% of gross earnings.
Interest from government securities jumped 72% to N781.5 billion, supported by an 84% increase in treasury bill holdings within six months.
Expenses and Loan Impairments
Interest expenses increased slightly by 11% to N485.53 billion, while net interest income surged 89% to N1.35 trillion. Loan impairment charges, however, more than doubled to N791.2 billion, reducing net interest income after impairments to N593.91 billion – still a 98% increase year-on-year.
Non-Interest Income
Account maintenance fees: N43.22 billion (+32% YoY)
FX transaction fees: N25.22 billion (+267% YoY)
Gains on trading books: N482.22 billion (down from N871.64 billion in H1 2024)
Balance Sheet Strength
Total assets: N30.99 trillion (+3.46%)
Customer deposits: N23.48 trillion (+6.94%)
Net loans: N9.60 trillion (slightly down from N9.97 trillion in December 2024)
Cash and cash equivalents: N6.66 trillion (+13.07%)
Zenith Bank also confirmed it has met the Central Bank of Nigeria (CBN) recapitalisation requirement, with share capital and premium at N614.65 billion – above the N500 billion minimum. Shareholders’ funds stood at N4.57 trillion.
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Market Performance
As of Thursday, September 18, 2025, Zenith Bank’s share price closed at N66 per unit, representing a 45.1% year-to-date gain.
The bank stated that its solid fundamentals, diversified income streams, and strong capital base position it for sustainable growth in the second half of the year.
