LivingTrust Mortgage Bank Posts ₦1.01bn Profit in 2025 

LivingTrust Mortgage Bank Plc closed 2025 with a profit after tax of ₦1.01 billion, an 18.3 per cent increase from ₦854.5 million in 2024, according to its unaudited financial statements.

The performance reflects strong revenue growth despite rising operating costs and higher credit provisioning.

Gross earnings surged 74.9% year‑on‑year to ₦6.52 billion, driven largely by interest income from mortgages and term loans, which rose 55% to ₦4.49 billion. Net interest income more than doubled, climbing 114% to ₦766.94 million, underscoring the bank’s ability to generate returns from its expanding loan portfolio.

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Total loans and advances grew 21.7% to ₦17.08 billion, while impairment losses increased to ₦2.72 million from ₦692,047 in 2024, signalling heightened credit risk as lending activities expand.

Operating expenses rose 18.9% to ₦1.71 billion, but profitability remained intact, with the bank maintaining effective cost control relative to its revenue growth. Total assets jumped 36.3% to ₦32.74 billion, supported by a sharp rise in balances due from banks, which more than doubled to ₦12.02 billion. Equity held steady at ₦5.05 billion, providing a solid capital base for future expansion.

Despite concerns over its limited free float of 10.93%, the bank remains compliant with Growth Board listing requirements. Looking ahead, LivingTrust appears well‑positioned for further growth in 2026, though asset quality and credit risk management will be critical as its loan book expands.

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On the market side, the stock closed 2025 at ₦3.45 with a 21% year‑to‑date loss, but has rebounded strongly in 2026, posting a 55.4% gain so far. Following the release of its 2025 results, the share price jumped 9.8% intraday to ₦5.36.

With earnings per share up 18.3%, investors anticipate a dividend increase, continuing the bank’s trend of rewarding shareholders after raising payouts from 3 kobo in 2023 to 8 kobo in 2024. Sustained dividend growth could help extend the rally through the year.