ASO Savings & Loans PLC (NGX: ASOSAVINGS) has pasted on the Nigeria Exchange a N20.99 million profit for Q2 2025, driven by N1.18 billion in fee income, primarily from digital transactions.
Net interest income was N230.56 million, with total interest earnings of N479.35 million offset by expenses of N248.79 million.
Operating costs reached N1.41 billion, including N497.22 million in staff expenses and N201.35 million in legal fees. This left pre-tax profit at N20.99 million with no tax charge.
Despite the quarterly gain, accumulated losses kept unappropriated profits at negative N98.93 billion.
The total assets stood at N27.08 billion, including N9.40 billion in investment properties and N9.58 billion in net loans after N13.81 billion in provisions.
Liabilities totalled N78.24 billion, led by N24.02 billion in deposits and N24.82 billion in other liabilities.
Shareholders’ funds remained negative at N51.16 billion. The company maintained a 37.8% free float, compliant with NGX rules, with major stakes held by Dr Olatunde Ayeni (20.81%) and institutional nominees.
Investogist reported the lifting of the suspension placed on the shares of ASO Savings and Loans Plc, after eight years of inactivity, which caused their stock price to increase.
Administrator and Writer
