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LivingTrust Mortgage Bank Plc has reported a strong financial performance for the year ended December 31, 2025, posting a profit after tax of N1.01 billion, representing an 18.3% increase compared to N854.5 million recorded in the previous year.
The bank’s unaudited financial statements show robust growth in revenue and profitability, supported by a sharp expansion in its loan portfolio, despite higher operating costs and increased credit impairment charges.
Gross earnings surged by 74.9% year-on-year to N6.52 billion in 2025, up from N3.73 billion in 2024. This growth was largely driven by interest income, which rose by 55% to N4.49 billion, reflecting the bank’s strategic focus on mortgage and term loan expansion.
Net interest income more than doubled, rising by 114% from N357.87 million in 2024 to N766.94 million in 2025, indicating improved earnings from interest-bearing assets and stronger core banking performance.
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Total loans and advances grew by 21.7% to N17.08 billion in 2025, as LivingTrust deepened its presence in the mortgage and real estate financing segments. This expansion supported revenue growth but also led to higher impairment charges, with impairment losses rising to N2.72 million in 2025 from N692,047 in the prior year.
While still relatively low in absolute terms, the increase in impairment losses highlights rising credit risk associated with rapid loan growth. The bank’s higher provisioning reflects a cautious approach to asset quality management amid a challenging macroeconomic environment.
Operating expenses increased by 18.9% to N1.71 billion, driven by higher personnel costs, depreciation, and amortisation. However, the rise in expenses was contained relative to revenue growth, allowing the bank to maintain profitability momentum.
LivingTrust’s total assets expanded by 36.3% to N32.74 billion in 2025 from N24.05 billion in 2024. The growth was supported by higher loans and advances as well as a significant increase in balances due from banks, which more than doubled to N12.02 billion.
Shareholders’ equity remained stable at N5.05 billion, supported by retained earnings, providing a solid capital base for future expansion. Although the bank’s free float remains low at 10.93%, it still meets the Nigerian Exchange Growth Board requirements.
In the equities market, LivingTrust’s shares gained strong momentum in early 2026. Following the release of its 2025 results, the stock rose by 9.8% intraday to close at N5.36 and has recorded a year-to-date gain of 55.4%.
With rising earnings and a history of dividend increases, investors are increasingly optimistic about improved shareholder returns in 2026.
