Prime Business AfricaInfinity Trust Mortgage Bank has disclosed that its revenue for the second quarter (Q2) of 2025 increased by 62.27 percent to N1.51 billion, from the N931.63 million reported in the same period in 2024.
The mortgage bank announced the increase in its interim unaudited financial statements for the half year ended June 30, 2025.
Join our WhatsApp ChannelIn the financial report, Infinity Trust said interest and similar income grew by 55.50 percent to N1,25 billion in Q2 of this year, exceeding the N807.58 million posted in Q2 2024.
Also, the company recorded a 63.57 percent increase in expenses, which soared to N427.96 million during the period under review, compared to the N261.63 million reported in the second quarter of last year.
The company also reported that it generated N70.01 million as net fees and commission income in Q2 2025, up by 149.01 percent when compared to the N28.11 million announced in the corresponding period the year before.
In addition, Infinity Trust saw its total operating expenses rise to N375,67 million during the review period, surpassing the N291,18 million recorded in Q2 2024, representing an increase of 29.01 percent.
Nevertheless, the mortgage bank ended the second quarter of this year with a robust bottom line, as profit before tax (PBT) grew by 82.79 percent year-on-year, from N385.26 million to N704.22 million.
The company’s net income was boosted by a 91.73 percent decrease in tax expense, as it dropped to N259,456 in the second quarter of 2025, from N3.13 million in income tax filed in the same period in 2024.
This resulted in an 84.22 percent growth in profit after tax (PAT), as the net income increased to N703.96 million during the period under review, surpassing the N382.12 million reported in the previous year’s second quarter.
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