Africa Prudential reports strong asset and profit growth
Africa Prudential Plc has reported significant growth in its total assets and profitability. The company’s unaudited financial statements for the half-year ended 30 June 2026 highlight a robust expansion in its balance sheet, driven by increased customer deposits and debt investments. The Board of Directors and management emphasized their deliberate growth strategy and strong liquidity position. Africa Prudential also achieved early compliance with new regulatory capital requirements.
TLDR
- Total assets rose to N46.52bn, up from N41.91bn at the end of December 2025.
- Customer deposits increased to N30.10bn in H1 2026 from N26.44bn at the close of 2025.
- Profit Before Tax reached N2.41bn, compared to N1.98bn in the corresponding period of 2025.
- The company met the revised minimum capital requirement of N2.5bn ahead of the regulatory deadline of 30 June 2027.
- Basic and diluted earnings per share increased to 40 kobo from 34 kobo year-on-year.
