Infinity Trust Mortgage Bank Plc has released its unaudited financial results for the year ended December 31, 2025, posting a strong performance marked by a significant improvement in profitability. The bank reported a pre-tax profit of N3.02 billion, representing a 75.1% year-on-year increase from N1.72 billion recorded in 2024, driven by robust revenue growth and improved credit quality.
The unaudited results highlight the bank’s continued expansion in mortgage lending, improved interest margins, and effective risk management, which together supported earnings growth despite higher operating costs.
Financial highlights
Gross earnings rose sharply by 50.5% year-on-year to N6.61 billion in 2025, up from N4.39 billion in the previous year. Interest income accounted for the bulk of this growth, climbing 54.3% to N5.53 billion, reflecting increased activity in mortgage and term lending.
Profit before tax increased to N3.02 billion, while profit after tax surged by 95.7% to N2.9 billion from N1.48 billion in 2024. Total loans and advances expanded by 85.3% to N30.0 billion, with mortgage loans rising to N30.6 billion and remaining the primary growth driver. Impairment losses declined significantly to N80.99 million from N199.38 million in the prior year, underscoring improved asset quality.
What the numbers are saying
The strong rise in gross earnings was largely driven by interest income, supported by the bank’s strategic focus on mortgage lending. Net interest income increased by about 50% to N3.67 billion in 2025, compared to N2.45 billion in 2024, reflecting both loan book expansion and a healthy interest margin.
The sharp drop in impairment charges, despite the rapid growth in loans, points to more effective credit risk management and improved loan performance across the mortgage portfolio. This reduction provided additional support to bottom-line growth during the year.
Profitability and cost management
Operating expenses rose by about 23% year-on-year, reflecting inflationary pressures and higher costs associated with business expansion. However, the strong growth in revenue more than offset the increase in costs, allowing the bank to nearly double its profit after tax.
The significant improvement in earnings highlights management’s ability to scale operations while maintaining profitability, even in a challenging macroeconomic environment.
Asset growth and capital position
Infinity Trust Mortgage Bank recorded substantial balance sheet growth in 2025, with total assets rising by 78.3% to N44.74 billion from N25.15 billion in 2024. This expansion was driven primarily by growth in loans and advances, particularly mortgage loans.
Shareholders’ equity increased by 38.3% to N12.72 billion, strengthening the bank’s capital base and positioning it to support further growth in its core mortgage business.
Market performance and dividends
The bank’s shares closed flat at N7.00 in 2025 but have gained about 22% year-to-date in 2026, reflecting improving investor sentiment. Given the strong earnings performance, investors may anticipate higher dividend payouts.
Infinity Trust Mortgage Bank has maintained a consistent dividend growth trend in recent years. Dividend per share for 2024 was increased to N0.15 from N0.06 in 2023, supported by rising earnings per share. With the solid results recorded in 2025, dividend yield could improve further, helping sustain positive market sentiment.
What you should know
Despite the strong financial performance, the bank’s free float remains relatively low at 10.86%, below the 20% requirement for companies listed on the Nigerian Exchange Main Board. While this is not an immediate regulatory issue, improving free float could enhance liquidity and broaden investor participation over time.
Overall, Infinity Trust Mortgage Bank’s 2025 performance reflects the strength of its mortgage-led growth strategy, solid balance sheet expansion, and improving profitability. With continued focus on its core mortgage business, the bank appears well positioned to sustain growth in the coming years.
Emmanuel Bassey is a Financial Expert that has worked in the Banking and Finance Industry for over 15+ years across different banks in Nigeria
