FCMB Group Plc has forecast gross earnings of ₦368.00 billion for the fourth quarter ending December 31, 2026, with profit after tax projected at ₦104.61 billion, according to the company’s earnings forecast.
Interest income is estimated at ₦321.91 billion, while interest expense is projected at ₦140.25 billion, resulting in net interest income of approximately ₦181.66 billion.
The group also expects to generate ₦2.26 billion from foreign exchange earnings, ₦7.56 billion from securities trading, ₦33.86 billion from transaction commissions and ₦2.41 billion from other income.
These revenue streams are expected to produce net operating income of ₦227.75 billion. After projected loan losses of ₦13.21 billion and operating expenses of ₦86.25 billion, FCMB Group forecasts profit before taxation of ₦128.29 billion.
Taxation is estimated at ₦23.68 billion, leaving projected profit after tax of ₦104.61 billion for the quarter.
On cash flow, FCMB Group expects operating cash flow before working-capital changes of ₦213.78 billion. However, working-capital changes are projected to absorb ₦190.25 billion, while taxes account for a further ₦1.36 billion, resulting in net cash generated from operating activities of approximately ₦22.17 billion.
The group forecasts a ₦48.71 billion financing cash outflow, alongside a substantial ₦368.32 billion investing cash inflow. This would produce a projected ₦341.78 billion increase in cash and cash equivalents, taking the balance from ₦677.49 billion at the beginning of the quarter to ₦1.02 trillion at quarter-end.
FCMB cautions that the cash-flow figures are estimates, as the preceding quarter had not yet ended when the forecast was prepared.
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