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Review pending. 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 has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Zenith Bank

ZENITHBANK · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Zenith Bank Plc
Listing
ZENITHBANK on the Nigerian Exchange, active · ISIN NGZENITHBNK9 (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 · annual report, signed / final · source

  • Net interest income

    NGN 2.64 trillion

    2,639,532 NGN millions · p110

    +52.7% vs 2024

    Interest income less interest expense, as printed.

  • Profit / (loss) for the year

    NGN 1.04 trillion

    1,040,546 NGN millions · p110

    +0.7% vs 2024

  • Total assets

    NGN 31.5 trillion

    31,458,051 NGN millions · p111

    +5.0% vs 2024

  • Customer deposits

    NGN 24.3 trillion

    24,329,961 NGN millions · p111

    +10.8% vs 2024

  • Total equity

    NGN 4.92 trillion

    4,924,206 NGN millions · p111

    +22.2% 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 millions 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 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Interest and similar income 3,672,961 2,721,377
Interest and similar expense (1,033,429) (992,474)
Net interest income 2,639,532 1,728,903
Impairment charge on financial instruments (742,188) (657,003)
Net interest income after impairment charge1 1,897,344 1,071,900
Net income on fees and commission 291,800 206,867
Trading (losses)/gains (63,114) 1,100,002
Other operating income/(loss) 176,262 (206,764)
Impairment credit/(charge) on non-financial instruments2 578 (1,802)
Depreciation of property and equipment (58,576) (44,228)
Amortisation of intangible assets (16,940) (8,318)
Personnel expenses (294,114) (204,170)
Operating expenses3 (669,870) (586,636)
Profit before tax 1,263,370 1,326,851
Income tax expense (222,824) (293,956)
Profit for the year after tax 1,040,546 1,032,895
Other comprehensive income for the year net of taxation 70,013 483,706
Total comprehensive income for the year 1,110,559 1,516,601
Non-controlling interest4 799 184
Notes and alternative reported figures (4)
  1. “Net interest income after impairment charge” is an issuer-specific line, not mapped to a shared definition: Net interest income less impairment charge on financial instruments.
  2. “Impairment credit/(charge) on non-financial instruments” is an issuer-specific line, not mapped to a shared definition: Note 8b.
  3. “Operating expenses”: mapping to a shared definition is uncertain. Printed 'Operating expenses' (note 12), other than personnel, depreciation and amortisation.
  4. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Attribution of profit.

Balance sheet

Balance sheet, NGN millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash and balances with central banks 6,925,426 5,888,216
Treasury bills1 4,662,814 2,678,929
Assets pledged as collateral2 115,525 266,866
Due from other banks 2,721,675 4,935,707
Derivative assets 8,146 280,626
Loans and advances3 10,448,952 9,965,364
Investment securities 5,409,945 5,098,044
Investments in subsidiaries4 –5 –5
Deferred tax asset 32,296 21,542
Current tax receivable 3,721 6,869
Other assets 572,712 326,725
Property and equipment 478,018 400,441
Intangible assets 78,821 88,196
Total assets 31,458,051 29,957,525
Customers' deposits 24,329,961 21,959,369
Derivative liabilities 196,072 9,258
Current income tax payable 95,198 256,168
Deferred tax liabilities 7,492 5,502
Other liabilities 1,150,591 1,402,045
On lending facilities6 103,369 250,725
Borrowings 651,162 2,045,185
Total liabilities 26,533,845 25,928,252
Share capital 20,535 20,535
Share premium 594,113 594,113
Retained earnings 2,808,194 2,015,513
Other reserves7 1,497,570 1,396,747
Attributable to equity holders of the parent 4,920,412 4,026,908
Non-controlling interest 3,794 2,365
Total shareholders' equity 4,924,206 4,029,273
Total liabilities and equity 31,458,051 29,957,525
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (6)
  1. “Treasury bills” is an issuer-specific line, not mapped to a shared definition: Note 16.
  2. “Assets pledged as collateral” is an issuer-specific line, not mapped to a shared definition: Note 17.
  3. “Loans and advances”: mapping to a shared definition is uncertain. Printed 'Loans and advances' (note 20), net of impairment.
  4. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 22 (Bank line; Group prints dashes).
  5. “On lending facilities” is an issuer-specific line, not mapped to a shared definition: Note 30.
  6. “Other reserves” is an issuer-specific line, not mapped to a shared definition: Note 34: translation, fair value, statutory, SMIEIS and credit risk reserves.

Cash flow

Cash flow, NGN millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from operations (unlabelled subtotal) 1,543,536 92,140
Interest received from operating activities1 2,114,163 1,471,304
Interest paid2 (787,219) (639,393)
Tax paid (391,198) (101,135)
Net cash flows generated from operations 2,479,282 822,916
Purchase of property and equipment (100,204) (101,993)
Proceeds from Sale of property and equipment 1,580 3,520
Purchase of intangible assets (6,578) (49,371)
Additions to treasury bills3 (6,905,142) (798,943)
Disposal of treasury bills4 3,525,972 2,092,066
Interest received investment securities5 1,354,760 335,907
Acquisition of Right of Use Asset6 (2,265) (131)
Additions to Investment securities7 (5,087,428) (2,011,587)
Disposal of Investment securities8 4,734,230 414,354
Dividends received9 9,511 8,645
Net cash from investing activities (2,475,564) (107,533)
Proceeds on share issue10 –11 343,903
Cash inflow from long term borrowings 21,299,979 2,860,580
Repayment of long term borrowings (22,608,632) (2,735,376)
Interest paid on long term borrowing (363,545) (192,475)
Cash inflow from onlending facility12 20,295 16,860
Repayment of onlending facility13 (46,288) (31,812)
Interest paid on onlending facility14 (339) (1,357)
Interest paid on lease liability (22) (485)
Repayment of principal for lease liability (7,573) (4,363)
Unclaimed dividend received15 (26,117) 484
Dividends paid to shareholders (215,617) (141,284)
Share issue cost16 –11 (13,329)
Net cash used in financing activities (1,947,859) 101,346
Net increase/(decrease) in cash and cash equivalents (1,944,141) 816,730
Cash and cash equivalent at the beginning of the period 4,792,273 2,304,511
Effect of exchange rate movement on cash balances 9,529 1,671,032
Cash and cash equivalents at the end of the period 2,857,661 4,792,273
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (15)
  1. “Interest received from operating activities” is an issuer-specific line, not mapped to a shared definition: Note 43(xiiia).
  2. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 43(xi)).
  3. “Additions to treasury bills” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 43(iia)).
  4. “Disposal of treasury bills” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 43(iia)).
  5. “Interest received investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 43(xiiib)).
  6. “Acquisition of Right of Use Asset” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 43(xiva)).
  7. “Additions to Investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 43(XV)).
  8. “Disposal of Investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 43(i)).
  9. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 11).
  10. “Proceeds on share issue” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 33).
  11. “Cash inflow from onlending facility” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 30(b)).
  12. “Repayment of onlending facility” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 30(b)).
  13. “Interest paid on onlending facility” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 43(xi)).
  14. “Unclaimed dividend received” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 43(xvii)).
  15. “Share issue cost” is an issuer-specific line, not mapped to a shared definition: Financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 25.32 32.87
Profit / (loss) attributable to shareholders (NGN millions)2 1,039,747 1,032,711
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted (Naira)”.
  2. Profit / (loss) attributable to shareholders: printed as “Equity holders of the parent”.

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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid to shareholders (215,617) NGN millions Annual report, p115
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid to shareholders (141,284) NGN millions Annual report, p115

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.

  • Zenith Bank Plc Annual Report - 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers (Chartered Accountants), Lagos, unmodified opinion · signed

    Auditor's sign-off: Wura Olowofoyeku, engagement partner, for PricewaterhouseCoopers

    Final status: Independent auditor's report to the members of Zenith Bank Plc by PricewaterhouseCoopers (engagement partner Wura Olowofoyeku, FRC/2017/PRO/ICAN/004/000000016809), unmodified opinion (p105), hand-signed with an ICAN seal and dated 6 April 2026 (p109, page image). Statements approved by the board on 29th January 2026 and signed by the chairman, the group managing director/CEO and the chief financial officer (p111, page image).

    Document date
    6 Apr 2026
    Auditor's report
    6 Apr 2026
    Board approval
    29 Jan 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN millions (printed “In millions of Naira”)
    • Printed rounding differences kept as printed: 2024 net cash from operating, investing and financing activities add to 816,729 against the printed net increase 816,730 (p114-115).
    • The profit or loss statement prints no operating-income or total-expense subtotal; the cash-flow statement prints the cash generated from operations as an unlabelled subtotal (p114). Basic and diluted EPS printed on one line in naira (25.32; 2024: 32.87, p110).
    Technical details
    File
    288 pages, with a text layer
    SHA-256
    f1dd93877a2134d4bf02ecdd7a54b4e51d7ff13a2eafc462d6af8fc83923d4d6
    Entity as printed
    Zenith Bank Plc and its subsidiaries (the Group and Bank)
    Exchange copy
    retrieved 2026-10-08T18:01:13Z

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.

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