Prime Business Africa
Infinity Trust Mortgage Bank reported N4.03 billion in revenue in the first half (H1) of 2026, exceeding the N2.79 billion posted in H1 2025 by 44.40 percent.
The company also grew interest income by 59.58 percent year-on-year, according to Prime Business Africa’s (PBA) analysis of Infinity Trust’s unaudited and interim financial statements for the half-year ended June 30, 2026.
According to the mortgage bank’s financials, interest income surged to N3.73 billion in the first half of 2026, compared to the N2.33 billion earned in the corresponding period the previous year.
Join our WhatsApp ChannelInterest expense, however, outgrew that of income, with Infinity Trust incurring N1.30 billion between January and June 2026, compared to the N769.59 million recorded in H1 2025, representing 70.07 percent growth.
Regardless, Infinity Trust saw a 54.43 percent growth in net interest income, which increased to N2.42 billion in H1 2026, above the N1.56 billion reached between the first quarter (Q1) and the second quarter (Q2) of the year before.
Also, the mortgage bank earned N121.08 million from net fee and commission income in the first half of this year, compared to the N111.52 million achieved in the same period in 2025, indicating an 8.58 percent increase.
However, total operating income was down by 46.31 percent, dropping from N347.19 million recorded in the previous year’s H1 to N186.39 million in the corresponding period in 2026.
Credit loss cost the company N43.41 million between January and June 2026, rising by 988.99 percent when compared to the N3.98 million incurred in the first half of last year.
In addition, net operating income increased by 32.78 percent to N2.68 billion in H1 2026, surpassing the N2.02 billion posted in the first six months of the year before.
Total operating expenses also increased twofold, rising to N985.84 million in the first half of this year, up by 37.31 percent, above the N717.95 million sustained in H1 2025.
Infinity Trust reported that profit before tax (PBT) soared to N1.70 billion during the period under review, outperforming the N1.30 billion reached in H1 2025, reflecting a 30.29 percent growth.
Tax expense, according to the mortgage bank, gulped N104.41 million between Q1 and Q2 2026, up by 71.80 percent, outstripping the N60.77 billion income tax filed in the same period the previous year.
The double-digit surge in tax expense limited the increase in Infinity Trust’s bottom line to 28.27 percent year-on-year, as profit after tax (PAT) grew to N1.59 billion, from N1.24 billion.
Meanwhile, Prime Business Africa had reported that investors snubbed Infinity Trust and LivingTrust Mortgage Bank for Abbey Mortgage Bank in the Nigerian stock market in 2025.
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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.
