LivingTrust Mortgage Bank Posts ₦1.01bn Profit for 2025 as Loan Portfolio Expands
LivingTrust Mortgage Bank Plc has posted a profit after tax of ₦1.01 billion for the financial year ended 31 December 2025, marking a notable performance amid a challenging macroeconomic environment and heightened competition in the Nigerian financial services industry. The figure reflects an 18.3 % year-on-year growth from the ₦854.5 million recorded in 2024, according to unaudited financial statements released to the Nigerian Exchange (NGX).
Revenue Expansion and Key Earnings Drivers
Gross earnings surged to ₦6.52 billion, up significantly from previous year figures, underscoring improved revenue generation across core banking activities.
Interest income the primary engine of the bank’s revenue rose by 55 % to ₦4.49 billion, driven largely by expanded lending activities in the mortgage portfolio and term loans.
Total loans and advances expanded by 21.7 % to ₦17.08 billion, reflecting the bank’s continued push to grow its lending footprint in retail and housing finance.
Managing Costs and Credit Risk
While revenues expanded strongly, the bank also faced cost pressures:
Operating expenses climbed by 18.9 % to ₦1.71 billion, a reflection of both business growth costs and tighter market conditions.
Impairment losses increased to ₦2.72 million, signaling growing credit risk as the loan book expanded, though still at comparatively modest absolute levels.
Balance Sheet Strength and Market Position
LivingTrust total assets jumped 36.3 % year-on-year to ₦32.74 billion, boosted by higher balances due from banks and an enlarged loan portfolio. Equity remained strong at ₦5.05 billion, providing a healthy capital base to support future growth and absorb potential shocks.
However, the bank’s free float remains relatively low at 10.93 %, which could constrain liquidity in its NGX stock. Despite this, the share price showed resilience, bouncing back strongly in early 2026 after the results release.
LivingTrust operates in a niche but increasingly competitive subset of Nigeria’s banking sector—mortgage financing. It is one of only a few mortgage banks listed on the Nigerian Exchange, alongside peers like Infinity Trust Mortgage Bank Plc. While Infinity Trust reported a higher profit after tax in 2025 (approximately ₦2.9 billion), the performance of LivingTrust highlights the overall sector’s recovery and growth potential in housing finance and retail lending.
The broader industry environment is also being shaped by initiatives such as the Federal Government’s N1 trillion housing fund, designed to deepen the mortgage market and improve access to affordable housing finance—a development that could benefit primary mortgage banks over the medium term.
For investors and industry watchers, LivingTrust performance may signal renewed confidence in mortgage banks as viable contributors to Nigeria’s financial ecosystem especially if supported by broader housing finance reforms and expansion strategies.
Comments