Nigeria · Delayed Price · Currency is NGN Zenith Bank Earnings Call Transcripts
Fiscal Year 2026
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The AGM featured a leadership transition, strong financial results, and a doubled dividend payout. Shareholders approved all resolutions, praised expansion and IT investments, and raised questions on cost efficiency and risk management, which management addressed in detail.
Fiscal Year 2025
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Gross earnings reached NGN 4.19 trillion and profit after tax NGN 1.04 trillion for 2025, with a 100% dividend increase and strong asset quality after a major loan write-off. International expansion and digital transformation remain key priorities.
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The AGM highlighted strong financial growth, robust dividend payouts, and successful recapitalization. Shareholders and management discussed regulatory costs, legal risks, and sustainability initiatives, with all resolutions—including director appointments and amendments—passed unanimously.
Fiscal Year 2024
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Gross earnings surged 86% year-over-year, with profit before tax up 67% and strong growth in both interest and non-interest income. The bank raised NGN 351 billion in capital, expanded internationally, and set a minimum 20% dividend payout ratio, while maintaining robust asset quality and liquidity.
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The event highlighted robust financial growth, digital transformation, and strategic expansion across Africa and Europe. With strong capital, liquidity, and ESG leadership, the bank plans a NGN 230 billion capital raise and aims to sustain high returns and dividends for shareholders.