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Infinity Trust Mortgage Bank
On this page
Company details
- Legal name
- Infinity Trust Mortgage Bank Plc
- Listing
- INFINITY on the Nigerian Exchange, active · ISIN NGINFINITY01 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · audited financial statements, signed / final · source
-
Net interest income
NGN 3.85 billion
3,845,095,567 NGN units · p54
+56.9% vs 2024
Interest income less interest expense, as printed.
-
Total operating income
NGN 4.93 billion
4,926,774,966 NGN units · p54
+51.1% vs 2024
The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.
-
Profit / (loss) for the year
NGN 2.70 billion
2,700,369,110 NGN units · p54
+82.3% vs 2024
-
Total assets
NGN 44.8 billion
44,757,920,865 NGN units · p53
+78.0% vs 2024
-
Customer deposits
NGN 10.8 billion
10,831,329,634 NGN units · p53
+81.6% vs 2024
-
Total equity
NGN 12.4 billion
12,376,082,789 NGN units · p53
+34.4% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN units unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — audited financial statements, signed / final; reported for the year · source
- FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Gross earnings1 | 6,791,967,621 | 4,393,655,073 |
| Interest and similar income calculated using effective interest rate | 5,710,288,222 | 3,583,306,193 |
| Interest and similar expense calculated using effective interest rate | (1,865,192,655) | (1,132,369,561) |
| Net interest income | 3,845,095,567 | 2,450,936,632 |
| Net fee and commission income | 269,385,266 | 100,230,185 |
| Other operating income | 812,294,133 | 710,118,695 |
| Total operating income | 4,926,774,966 | 3,261,285,512 |
| Impairment charge for the year | (234,255,380) | (199,383,197) |
| Net operating income2 | 4,692,519,586 | 3,061,902,315 |
| Personnel expenses | (579,652,419) | (433,733,012) |
| Depreciation of property and equipment | (101,180,552) | (87,404,975) |
| Amortisation of intangible assets | (13,373,819) | (9,894,587) |
| Other operating expenses | (970,591,678) | (808,275,487) |
| Total operating expenses | (1,664,798,468) | (1,339,308,061) |
| Profit before tax | 3,027,721,118 | 1,722,594,254 |
| Income tax expense | (327,352,008) | (241,364,871) |
| Profit for the year after tax | 2,700,369,110 | 1,481,229,383 |
| Revaluation surplus net of deferred tax3 | 1,378,371,140 | –4 |
| Changes in the fair value of equity investments designated at FTVOCI5 | 4,515,667 | 532,633,331 |
| Total other comprehensive loss | 1,382,886,807 | 532,633,331 |
| Total comprehensive profit | 4,083,255,917 | 2,013,862,714 |
- Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (4)
- “Gross earnings” is an issuer-specific line, not mapped to a shared definition: Memorandum line printed above the income statement (total of interest, fee and other income); in no printed subtotal.
- “Net operating income” is an issuer-specific line, not mapped to a shared definition: Total operating income less the impairment charge (printed subtotal).
- “Revaluation surplus net of deferred tax” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified to profit or loss.
- “Changes in the fair value of equity investments designated at FTVOCI” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified to profit or loss (note 29.5).
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Cash and balances with the Central Bank of Nigeria | 262,824,579 | 113,036,360 |
| Due from banks | 7,747,103,137 | 3,478,016,130 |
| Loans and advances to customers | 30,039,092,836 | 16,194,181,832 |
| - Debt instruments at amortised cost | 421,588,966 | 719,837,745 |
| - FVOCI | 912,648,996 | 908,133,329 |
| Other assets | 1,088,232,527 | 1,031,169,241 |
| Property and equipment | 4,229,343,772 | 2,669,294,803 |
| Intangible assets | 57,086,052 | 36,304,555 |
| Deferred tax assets | –1 | –1 |
| Total assets | 44,757,920,865 | 25,149,973,996 |
| Deposit from customers | 10,831,329,634 | 5,964,395,242 |
| Borrowings | 18,884,465,301 | 8,317,497,229 |
| Current income tax liability | 502,103,677 | 271,440,022 |
| Deferred tax liability | 183,749,164 | 10,406,456 |
| Other liabilities | 1,980,190,300 | 1,375,614,573 |
| Total liabilities | 32,381,838,076 | 15,939,353,522 |
| Issued ordinary share capital | 2,085,222,860 | 2,085,222,860 |
| Share premium | 1,227,369,465 | 1,227,369,465 |
| Preference Shares | 600,000,000 | 600,000,000 |
| Retained earnings | 4,234,363,848 | 2,797,635,444 |
| Statutory reserve2 | 1,998,307,706 | 1,458,233,884 |
| Regulatory risk reserve | 40,201,461 | 234,428,179 |
| Revaluation Reserve | 1,582,968,453 | 204,597,313 |
| Fair value reserve | 607,648,996 | 603,133,329 |
| Total equity | 12,376,082,789 | 9,210,620,473 |
| Total liabilities and equity | 44,757,920,865 | 25,149,973,995 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (1)
- “Statutory reserve” is an issuer-specific line, not mapped to a shared definition: Note 29.2: statutory reserve required of mortgage banks.
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Profit after tax1 | 2,700,369,110 | 1,481,229,383 |
| Impairment charge for the year2 | 234,255,380 | 199,383,197 |
| Loss on disposal of fixed assets3 | –4 | 97,292 |
| Depreciation of property and equipment5 | 101,180,552 | 87,404,975 |
| Amortisation of intangible assets6 | 13,373,819 | 9,894,587 |
| Income tax expense7 | 327,352,008 | 241,364,871 |
| Cashflows before changes in working capital8 | 3,376,530,869 | 2,019,374,305 |
| Loans and advances to customers9 | (14,064,985,718) | (1,034,499,383) |
| Other assets10 | (71,243,955) | (729,495,965) |
| Deposit from customers11 | 4,866,934,392 | 1,550,083,834 |
| Other liabilities12 | 604,575,727 | 222,422,878 |
| Changes in working capital (unlabelled subtotal)13 | (8,664,719,554) | 8,511,364 |
| Tax paid | (76,497,994) | (73,902,105) |
| Withholding tax credit utilised14 | –15 | –15 |
| Net cash from/(used in) operating activities | (5,364,686,679) | 1,953,983,564 |
| Purchase of property and equipment | (133,833,544) | (119,907,203) |
| Purchase of intangible assets | (30,027,800) | (27,233,336) |
| Placements with banks and other financial institutions16 | 298,248,779 | (547,197,533) |
| Disposal of non-current assets held for sale17 | –18 | –18 |
| Proceeds from disposal of property and equipment | –18 | 157,000 |
| Net cash used in investing activities | 134,387,435 | (694,181,071) |
| Additions to borrowed funds | 14,364,782,778 | 2,743,000,000 |
| Repayment of borrowed funds | (3,797,814,707) | (1,519,379,135) |
| Dividend Paid to registrar | (917,793,601) | (667,566,858) |
| Net cash from financing activities | 9,649,174,469 | 556,054,007 |
| Increase/(decrease) in cash and cash equivalents | 4,418,875,226 | 1,815,856,500 |
| Effect of impairment19 | –20 | (876,700) |
| Cash and cash equivalents at 1 January | 3,591,052,490 | 1,776,072,691 |
| Cash and cash equivalents as at 31 December | 8,009,927,716 | 3,591,052,490 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_n52xe3a83hq5.cf_before_working_capital.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”; reading unresolved, so no amount is shown. Printed dash for 2025; no printed subtotal confirms a nil reading.
Notes and alternative reported figures (16)
- “Profit after tax” is an issuer-specific line, not mapped to a shared definition: Starting line of the indirect cash-flow statement.
- “Impairment charge for the year” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Loss on disposal of fixed assets” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Depreciation of property and equipment” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Amortisation of intangible assets” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Income tax expense” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Cashflows before changes in working capital” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Loans and advances to customers” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Other assets” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Deposit from customers” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Other liabilities” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Changes in working capital (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the four working-capital lines.
- “Withholding tax credit utilised” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 15.3).
- “Placements with banks and other financial institutions” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Disposal of non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Effect of impairment” is an issuer-specific line, not mapped to a shared definition: Printed between the increase in cash and opening cash (2024 only).
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividend Paid to registrar |
(917,793,601) | NGN units | Audited financial statements, p56 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend Paid to registrar |
(667,566,858) | NGN units | Audited financial statements, p56 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Infinity Trust Mortgage Bank Plc Annual Report and Financial Statements for the year ended 31 December 2025
Year ended 31 December 2025 · Audited financial statements · signed / final
Audit: PKF Professional Services (Chartered Accountants), unmodified opinion · signed
Auditor's sign-off: Najeeb A. Abdussalaam, for PKF Professional Services
Final status: Independent auditor's report (unmodified opinion, PDF p49) signed by hand by Najeeb A. Abdussalaam (FRC/2013/PRO/ICAN/002/00000000753) for PKF Professional Services, Abuja, with the ICAN seal, dated by hand '20 February 2026' (PDF p52, page image). The statement of financial position carries the handwritten signatures of a director, the chairman and the CFO, but the board approval date is left blank ('approved by the Board of Directors on ____________ 2026', PDF p53, page image).
- Document date
- 20 Feb 2026
- Auditor's report
- 20 Feb 2026
- Board approval
- date left blank in this document
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · NGN units (printed “₦”)
- 2024 total liabilities and equity is printed 25,149,973,995 against total assets 25,149,973,996 (p53); kept as printed. The 2025 cash-flow sections sum to 4,418,875,225 against the printed increase 4,418,875,226, and 2024 opening cash 1,776,072,691 + increase 1,815,856,500 + effect of impairment (876,700) = 3,591,052,491 against the printed closing 3,591,052,490 (p56); kept as printed.
- An unlabelled line repeats the total assets (44,757,920,865; 2024: 25,149,973,996) just above 'Total assets' (p53), and a stray '- 0 0' row prints below the signatures. 'Items that may be subsequently reclassified to profit or loss' prints dashes (p54). 'Effect of impairment' (2024 (876,700)) is printed between the increase in cash and opening cash (p56), so the standard closing-cash check fails for 2024 by that amount. Cash and cash equivalents (8,009,927,716) include placements with banks (p56) and differ from the balance-sheet cash line.
- The auditor's report pages (pp47-52) are scans whose OCR text layer is garbled (e.g. 'Pie' for 'Plc', the date); the opinion, signature and dates were read on the page images. pp47-48 hold PKF's limited-assurance report on internal control over financial reporting.
Technical details
- File
- 107 pages, with a text layer
- SHA-256
1a38852242569f633a8b43f1d1e0e9719965a4f1f2b23b1794f797093dd89d0d- Entity as printed
- INFINITY TRUST MORTGAGE BANK PLC (Registration Number - RC 226959)
- Exchange copy
- retrieved 2026-10-08T17:59:29Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.