LivingTrust Mortgage Bank Plc on Wednesday released its unaudited financial statements for the year ended December 31, 2025, recording a profit after tax of ₦1.01 billion, news.ng reports.
The lender’s profit represents a notable improvement over the ₦854.5 million recorded in the corresponding period of 2024, underscoring improved operating efficiency and income growth despite a challenging macroeconomic environment.
According to the statement, gross earnings rose significantly to ₦6.52 billion in 2025 from ₦3.73 billion in 2024, driven largely by higher interest income and growth in other operating income streams. Interest and similar income climbed to ₦4.49 billion, compared with ₦2.90 billion a year earlier, reflecting expanded lending activities and improved yields.
Although interest and similar expenses also increased to ₦3.72 billion, net interest income closed the year at ₦766.9 million. Fee and commission income grew to ₦186.6 million from ₦102.7 million in 2024, while other operating income surged to ₦1.34 billion, up from ₦723.0 million.
Overall, total operating income rose to ₦2.80 billion in 2025, compared with ₦2.35 billion in the prior year, as stated in a notice filed with the Nigerian Exchange Limited (NGX).
Total operating expenses increased to ₦1.71 billion, reflecting higher personnel costs and other operating expenses. Nonetheless, LivingTrust Mortgage Bank delivered a profit before tax of ₦1.09 billion, up from ₦911.1 million in 2024. After accounting for tax expenses, profit after tax stood at ₦1.01 billion.
Basic earnings per share improved to 20.23 kobo from 17.09 kobo in the previous year, highlighting enhanced value for shareholders.
The bank’s balance sheet showed significant growth, with total assets rising to ₦32.74 billion as at December 31, 2025, compared with ₦24.05 billion in 2024.
Key balance sheet highlights include:
Loans and advances to customers: ₦17.09 billion (2024: ₦14.02 billion)
Due from banks: ₦12.02 billion (2024: ₦5.72 billion)
Cash and balances with CBN: ₦217.2 million (2024: ₦190.3 million)
Total liabilities increased to ₦27.69 billion, up from ₦18.99 billion, driven mainly by growth in customer deposits, which rose to ₦22.15 billion from ₦15.19 billion.
Shareholders’ funds remained stable at ₦5.05 billion, supported by retained earnings of ₦1.40 billion and a statutory reserve of ₦662.1 million.
With stronger earnings, expanding assets, and improved earnings per share, LivingTrust Mortgage Bank Plc enters 2026 with a solid financial footing. Market watchers note that sustained growth in loans, deposits, and non-interest income will be key to maintaining momentum in an increasingly competitive financial services sector.
Key Figures at a Glance for 2025:
Profit after tax: ₦1.01bn
Gross earnings: ₦6.52bn
Total assets: ₦32.74bn
Loans and advances: ₦17.09bn
Customer deposits: ₦22.15bn
Earnings per share: 20.23 kobo
