The FCMB Group Plc has announced that the release of its third-quarter financial results for 2025 will be delayed due to an interim audit of its largest banking subsidiary, First City Monument Bank Limited.
The disclosure was made in a notice filed with the Nigerian Exchange Limited on Friday by the Company Secretary, Olufunmilayo Adedibu. According to the filing, the unaudited results for the nine-month period ending 30 September 2025, originally due on 30 October, will now be published on or before 29 December 2025.
“FCMB Group Plc wishes to notify Nigerian Exchange Limited and the investing public that it will not be able to file its nine-month (Q3 2025) unaudited results for the period ending 30 September 2025 by the due date of 30 October 2025.
“This is due to the commencement of the interim audit of the company’s largest subsidiary, First City Monument Bank Limited, for the period ending 30 September 2025, which results would have a material impact on the Group’s consolidated accounts,” the statement read in part.
The Group emphasised that the extension was necessary to ensure its consolidated financial statements accurately reflect the outcome of the interim audit. The audit is expected to provide greater transparency into the performance of the subsidiary, which accounts for the bulk of FCMB Group’s operations and earnings.
FCMB Group had been one of the early filers of its second-quarter 2025 results, a move that had been positively received by investors for its transparency and efficiency. However, the new delay highlights the weight of the ongoing audit on its reporting schedule.
Looking ahead, FCMB Group also provided projections for its fourth-quarter performance. It estimated gross earnings of N265.20bn, with interest income of N231.84bn. Profit Before Tax was projected at N65.87bn, while Profit After Tax was expected to come in at N58.82bn.
Despite the delay, the Group reassured stakeholders of its commitment to maintaining robust disclosure standards and delivering value to investors. The interim audit outcome is likely to provide clearer insights into the financial health of First City Monument Bank Limited and, by extension, the Group’s overall position as the year closes.