August 4, 2025
Access Financial Limited(AFS)
Audited financials for the year ended March 31, 2025:
Access Financial Limited (AFS) for the year ended March 31, 2025, reported a significant increase in total interest income, reaching $ 2.54 billion, a 14% rise from the $2.23 billion recorded in 2024. This growth is particularly noteworthy in Interest Income from Loans, which amounted to $2.53 billion (2024: $2.23 billion), and Interest Income from Securities, which totalled $13.35 million (2024: $2.52 million).
Interest Expense for the period totaled $414.26 million, a 16% increase compared to the $356.10 million booked in 2024. This resulted in AFS recording a Net Interest Income of $2.13 billion for the period, a 13% increase from the $1.88 billion booked in 2024.
Net Fee & Commission Income for the period under review decreased by 11% to $264.37 million from the $297.76 million booked in 2024.
Net Trading Income, a key indicator of our investment activities, increased by 10% to $2.39 billion (2024: $2.18 billion). This growth underscores our commitment to sound investment strategies and financial performance.
AFS reported income from money services of $29,000 (2024: $1.19 million) and other income of $164.17 million (2024: $159.77 million). Foreign Exchange losses of $6.80 million were reported this period relative to the gain of $1.38 million booked at the same time last year. As such, Other Operating Income for the period decreased 3% totaling $157.39 million compared to $162.34 million recorded in 2024.
AFS reported Operating Expenses for the period of $1.771 billion (2024: $1.769 billion). Of this:
Staff Cost totaled $679.16 million (2024: $644.25 million).
Allowance for Credit Losses amounted to $443.24 million (2024: $480.79 million).
Depreciation & Amortization amounted to $90.32 million (2024: $106.55 million).
Other Operating Expenses booked for the period totaled $558.33 million (2024: $538.10 million).
Consequently, Profit before taxation increased 36% to $776.85 million for the period relative to $571.10 million recorded in 2024.
AFS paid taxes amounting to $272.90 million (2024: $230.92 million), AFS booked a Profit for the period of $503.95 million, a 48% increase relative to the $340.18 million recorded for the comparable period in 2024. Profit for the Period for the fourth quarter was $503.95 million (2024: $340.18 million). Total Comprehensive Income increased 45% to $525.82 million from $362.11 million booked the same time last year.
Consequently, Earnings Per Share for the year-end amounted to $1.84 (2024: EPS: $1.24). The twelve-month trailing EPS was $1.84, and the number of shares used in these calculations was 274,509,840.
Notably, AFS’s stock price closed the trading period on August 04, 2025 for $18.96 with a corresponding P/E ratio of 10.33x.
Balance Sheet Highlights
The company’s assets totalled $8.11 billion (2024: $7.14 billion). The total increase in the company’s asset base is driven by a 102% YoY increase in Cash and Cash Equivalents ending the year at $1.02 billion (2024: $505.38 million), a 73% YoY increase in Other Accounts Receivable ending the year at 166.77 million (2024: $96.34 million), a 2% YoY increase in Intangible Assets ending the year at $455.67 million (2024: $445.47 million)
Shareholders’ equity was $3.35 billion (2024: $2.92 billion), representing a book value per share of $12.20 (2024: $10.64).
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