Abbey Mortgage Bank Eyes Strong Q4 with ₦578.5m Profit Projection

Abbey Mortgage Bank Plc has released its earnings forecast for the fourth quarter ending December 31, 2025, projecting a profit after tax of ₦578.5 million. The forecast reflects a resilient performance amid challenging macroeconomic conditions.

According to the report, gross earnings are expected to reach ₦4.17 billion, driven primarily by interest income of ₦4.12 billion. After accounting for interest expenses of ₦2.75 billion, net interest income is projected at ₦1.36 billion.

The bank anticipates credit impairment recoveries of ₦49.6 million, bringing net operating income to ₦610.7 million after deducting operating expenses of ₦802.7 million. Forecasted taxation stands at ₦32.2 million.

On the cash flow front, Abbey Mortgage Bank expects a net decrease of ₦1.87 billion in cash and cash equivalents, with operating activities contributing a negative ₦2.02 billion. Cash and cash equivalents are projected to close the quarter at ₦3.41 billion, down from ₦5.28 billion at the beginning of the period.

The forecast was prepared by Oluwatomi Olurinola and signed off on September 3, 2025