FCMB Projects N67.9bn Profit After Tax for Q2 2026

FCMB Group Plc has projected a profit after tax of N67.9 billion for the second quarter ending 30 June 2026, driven largely by strong interest income and transaction-related earnings.

In its earnings forecast for the period filed at the Nigerian Exchange Limited (NGX), the financial services group estimated gross earnings of N309.57 billion, supported by interest income of N266.84 billion and other non-interest revenue streams.

Interest expense is projected at N121.05 billion, leaving the group with a net interest income of N145.8 billion.

The forecast shows that the group expects net operating income to reach N188.53 billion during the quarter.

Transaction commissions are projected to contribute N29.27 billion, while securities trading income is estimated at N7.7 billion.

Foreign exchange earnings are expected to add N2.25 billion, alongside contingent income of N1.92 billion and other income of N1.58 billion.

However, the group anticipates a loan loss charge of N10.36 billion within the period, while operating expenses are projected at N94.75 billion. After accounting for these costs, profit before tax is forecast at N83.42 billion.

Following a projected tax charge of N15.49 billion, the group expects to close the second quarter with a profit after tax of N67.93 billion.

The financial forecast also indicates strong liquidity growth within the quarter. Net cash flow from investing activities is projected at N298.57 billion, helping to offset a net operating cash outflow of N120.14 billion and financing cash outflow of N48.71 billion.

Overall, the group expects a net increase in cash and cash equivalents of N129.72 billion during the quarter, raising total cash holdings from N675.35 billion at the beginning of the quarter to an estimated N805.07 billion by the end of June 2026.

According to the disclosure, the cash flow figures remain estimates because the preceding quarter had not been fully concluded at the time the projections were prepared.