Prime Business AfricaNPF Microfinance Bank generated N4.72 billion in revenue in the second quarter (Q2) of 2025, exceeding the N2.80 billion turnover grossed in the same period in 2024, indicating an increase of 68.37 percent.
The company also saw a 66.11 percent year-on-year increase in interest income, which rose N2,53 billion to N4,20 billion, according to NPF Microfinance Bank’s Q2 2025 unaudited financial statement.
Join our WhatsApp ChannelDouble-digit growth was also recorded in interest expense, after it grew by 21.58 percent to N312.83 million in the second quarter of this year, surpassing the N257.29 million reported in Q2 2024.
Consequently, net interest income climbed to N3.89 billion during the period under review, eclipsing the N2.27 billion posted in Q2 2024, representing a 71.15 percent increase.
In the same vein, NPF Microfinance Bank’s fee and commission income grew by 90.12 percent to N518.09 million in the second quarter of 2025, overshadowing the N272.50 million turned in during the same period last year.
However, other income dropped to N627,000 between April and June of this year, falling below the N1,56 million posted in the corresponding period in 2024, indicating a decline of 59.98 percent.
The decline in other income did not stop the company from pulling a threefold growth or 370.37 percent increase in profit before tax (PBT), which rose from N307.39 million in Q2 2024 to N1.44 billion in Q2 2025.
NPF Microfinance Bank reported that N486.76 million income tax was deducted from its pretax profit in Q2 2025, compared to the N76.84 million deducted in the same period last year, reflecting an increase of 533.40 percent.
After the tax deduction, the company was left with N959.14 million post-tax profit in the second quarter of 2025, surpassing the N230.54 million profit after tax (PAT) reported in Q2 2025, indicating a 316.02 percent increase.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
