May 29 (THEWILL) — Stanbic IBTC Holdings Plc has approved N804.5 million as directors’ remuneration for the financial year ending December 31, 2026, following resolutions passed at its 14th Annual General Meeting (AGM).
The approval comes amid a strong earnings performance by the financial services group, which reported a pretax profit of N551.7 billion for FY2025, representing a significant increase from N303.7 billion recorded in the previous year.
The newly approved remuneration is higher than the N681 million approved for FY2025, N653 million for FY2024, and N544.5 million approved for FY2023, reflecting a consistent upward adjustment over the last four years.
The group also recorded a 69 percent year-on-year increase in profit after tax, which rose to N380.7 billion in FY2025 from N225.3 billion in FY2024.
Shareholders equally approved a final dividend payout of N4 per share for FY2025, higher than the N3 per share declared in the previous year.
The improved payout was supported by stronger reserves, which increased from N390.3 billion in FY2023 to N552.6 billion in FY2024, then rose further to N858.4 billion in FY2025.
Investor sentiment toward the stock also remained positive on the Nigerian Exchange.
Stanbic IBTC shares gained 73.61percent in 2025 to close at N100 per share, becoming the second Nigerian banking stock after Guaranty Trust Holding Company Plc to cross the N100 mark.
The stock has extended its rally in 2026, rising more than 74 percent year-to-date to trade at N174.5 per share as of May 29, 2026.
At the AGM, shareholders also re-elected Mrs Sola David-Borha, Mr Ballama Manu, and Dr Kunle Adedeji as directors while approving the appointment of Mr Chukwuma Nwokocha to the board.
The group’s total assets rose to N8.6 trillion in FY2025 from N6.9 trillion recorded a year earlier, while customer deposits increased to N4.3 trillion.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
