TAJBank FY2025 Profit Before Tax Jumps 74% to ₦31.56bn

In Short

• TAJBank reported a 74% year-on-year rise in profit before tax to ₦31.562 billion for FY2025.
• Total assets grew to ₦1.34 trillion and total equity rose to ₦149.230 billion.
• The board approved a 20 kobo dividend per share at its 2026 AGM.

What Happened

TAJBank published audited FY2025 results showing stronger profitability and balance sheet growth. TAJBank said profit before tax, which is earnings before company income tax is deducted, rose 74% to ₦31.562 billion. The prior year figure was ₦18.166 billion.

The bank’s total assets increased to ₦1.34 trillion, up from ₦953 billion in FY2024. Total equity, which is the shareholders’ stake after subtracting liabilities, rose 144% to ₦149.230 billion from ₦61.250 billion.

At its virtual 2026 annual general meeting, the board also approved a dividend of 20 kobo per share. The chairman said the payout was meant to reward shareholders for continued support.

Management linked the FY2025 performance to a “prudent” operating approach and said the results support investor confidence. The executive team also reiterated a focus on customers and shareholders.

Why It Matters

TAJBank’s results point to sustained momentum in Nigeria’s non-interest banking segment, which offers Sharia-compliant products that avoid interest and rely on fees or profit-sharing structures.

For founders and operators, stronger non-interest banks can mean more competition in business financing, trade products, and corporate banking services, especially for firms that prefer non-interest structures.

The dividend and equity growth also matter for capital raising. A bank that is growing equity faster can have more room to expand lending and invest in compliance and technology, including security standards such as PCI DSS and ISO certifications that many enterprise customers look for when choosing a banking partner.