Nico Holdings plc has reported a record profit-after-tax of K323.5 billion for the year ended December 31, 2025, representing a 141 percent increase from K134.4 billion in 2024.
The group’s preliminary financial statement shows revenue surged by 74 percent to K918.5 billion, driven largely by strong performances in banking and life insurance businesses.
Profit attributable to shareholders of the parent company rose to K167.8 billion from K72.0 billion while dividends doubled to K41.8 billion.
NBS Bank plc, the group’s banking subsidiary, delivered a profit-after-tax of K150.4 billion, up 106 percent from K73.0 billion in 2024, supported by growth in customer deposits and non-interest income.
Nico Life Insurance also posted a sharp rise in profitability, recording K155.6 billion compared to K44.9 billion the previous year.
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Other subsidiaries— including in general insurance, asset management, pension administration and technology services sectors—also registered growth in profit.
Nico Group Chief Executive Officer Vizenge Kumwenda said the performance reflected resilience and strategic execution despite a challenging macroeconomic environment.
“We operated in a year marked by foreign exchange shortages, high inflation and supply disruptions, yet our diversified portfolio and disciplined management enabled us to deliver exceptional results.
“Looking ahead, we remain focused on consolidating gains in banking and insurance while expanding asset management and pension services to sustain growth,” Kumwenda said.
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Nico Group Board Chairperson Elias Ngalande said the results underscored the group’s commitment to shareholder value.
