Infinity Trust Mortgage Bank Plc recorded a strong improvement in earnings in 2025, as expanded mortgage lending and improved credit quality lifted profitability despite rising operating costs.
Unaudited results for the year ended December 31, 2025, show that the bank’s profit before tax rose to ₦3.02 billion, representing a 75.1% year-on-year increase from ₦1.72 billion in 2024. Profit after tax nearly doubled to ₦2.9 billion, reflecting both revenue expansion and lower impairment charges.
Gross earnings increased by 50.5% to ₦6.61 billion, supported mainly by interest income, which grew 54.3% to ₦5.53 billion. The improvement highlights the bank’s continued reliance on mortgage and term loan assets as its primary revenue engine.
Net interest income rose to ₦3.67 billion, up from ₦2.45 billion a year earlier, indicating stronger interest margins and improved asset utilisation. Mortgage loans accounted for the bulk of loan book growth, with total loans and advances rising 85.3% to ₦30.0 billion.
While operating expenses increased by 23%, the impact on profitability was offset by revenue growth and tighter credit risk management. Impairment losses declined sharply to ₦80.99 million, compared with ₦199.38 million in 2024, suggesting improved loan performance despite aggressive portfolio expansion.
On the balance sheet, total assets grew by 78.3% to ₦44.74 billion, driven largely by the surge in mortgage lending. Shareholders’ equity increased to ₦12.72 billion, strengthening the bank’s capital base and providing room for future growth.
In the equities market, Infinity Trust’s share price closed flat at ₦7.00 in 2025, but the stock has gained 22% year-to-date in 2026, reflecting improving investor sentiment. The bank has maintained a pattern of dividend growth, with dividend per share rising to ₦0.15 in 2024, up from ₦0.06 in 2023, raising expectations of improved payouts following the 2025 performance.
However, analysts note that free float remains below regulatory thresholds, with only 10.86% of shares available for public trading, compared to the Nigerian Exchange’s 20% requirement for Main Board companies. While not an immediate risk, this could affect liquidity and long-term market participation if unaddressed.
Overall, Infinity Trust Mortgage Bank’s 2025 performance underscores the growing role of mortgage lending in driving balance sheet expansion and earnings growth, positioning the institution to benefit from Nigeria’s long-term housing finance gap.
