Greenwich Holdings Limited recorded a 71.3 per cent increase in profit after tax for the 2025 financial year, rising to N13.89 billion from N8.11 billion in 2024. Gross earnings climbed 131.9 per cent to N64.23 billion, while profit before tax reached N19.29 billion. Total assets grew by 69 per cent to N309.12 billion and shareholders' funds rose by 67 per cent to N76.71 billion. Customer deposits increased by 80.5 per cent to N173.84 billion.
The results were presented at the company's Annual General Meeting in Lagos, where shareholders approved resolutions including an increase in share capital, subject to regulatory approval, and the re-election of all directors. Ozena Utulu, Head of Corporate Communications, confirmed the outcomes in a statement. Shareholders Dr Umar Faruk and Sir Sunday Nnamdi Nwosu commended the board and management for maintaining growth and dividend payments amid economic challenges.
Chairman Kayode Falowo credited the performance to strategic execution, cost discipline, and investment in technology and branch expansion. He noted Greenwich Merchant Bank maintained a zero non-performing loan ratio in 2025. The holding company structure, he said, improved governance and capital allocation across subsidiaries.
Falowo disclosed that Greenwich Merchant Bank has received Approval-in-Principle to convert into a regional commercial bank, with final licensing underway. Group Managing Director Samson Ariyibi confirmed the group now operates through four subsidiaries: Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, Greenwich Securities Limited, and Greenwich Capital Markets Limited.
Ariyibi stated the group must meet the Securities and Exchange Commission's 2027 capital requirements for Capital Market Operators, necessitating capital injections into some subsidiaries. Strategic capital raising initiatives will support recapitalisation and expansion. "The Group is dedicated to strengthening its capital base, expanding its presence in financial services and advancing its digital transformation agenda, while strategically positioning itself for sustained growth across its core business lines," Ariyibi said.
Kayode Falowo celebrates a zero non-performing loan ratio at Greenwich Merchant Bank while seeking commercial banking status, a shift that brings far higher lending exposure. The same risk discipline now praised will face a tougher test when serving retail customers, not just corporate clients. Samson Ariyibi's plan to raise capital by 2027 assumes market conditions will allow it, even as inflation and regulatory demands persist. If the capital raise lags, the expansion into commercial banking could strain the group's strengthened balance sheet.
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