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Africa Prudential’s pre-tax profit hits N4.07 billion in 9M as interest income jumps 46%
🇳🇬 Nigeria · Economy · 3 h ago
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24.10 06:16 UTC
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Balance sheet On the balance sheet, total assets increased by N978.60 billion to N9.60 trillion from N8.62 trillion in December 2025.
A major contributor was the sharp increase in trading revenue to N210.13 billion from N23.86 billion in 9M 2025, representing growth of approximately 780.58%. - Trading revenue accounted for 25.70% of the Group’s total income in 9M 2026, compared with 3.64% in the corresponding period of 2025.
In contrast, total loans and advances declined by 20.90% to N3.04 trillion from N3.84 trillion.
The headline is compelling — profit before tax rose 60.8% year on year to N911.2 billion, while profit after tax advanced 65.1% to N744.5 billion; importantly, the quality of this growth is also improving.
Post-tax return on average equity improved to 27.7% from 24.7% in the previous year, while return on average assets rose to 3.3% from 2.6% in 9M 2025 showing that balance sheet growth is generating stronger returns.
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