The Agricultural Development Bank PLC (ADB) has reported a surge in profitability for the nine-month period ended September 30, 2025, according to its unaudited summary financial statements. The bank’s profit after tax for the period stood at GH¢282.3 million, a substantial increase from the GH¢111.8 million recorded in the same period in 2024. This represents a more than double improvement in its bottom line.
This impressive earnings growth was driven by a major expansion in the bank’s core revenue streams. Operating Income saw a remarkable jump to GH¢1,173.8 million from GH¢765.7 million in the prior year. A key contributor was Net Interest Income, which rose to GH¢918.1 million from GH¢551.0 million, reflecting improved margins and earning asset management.
The bank’s financial position also strengthened, with Total Assets growing to GH¢16.22 billion from GH¢13.87 billion as of September 2024. This asset growth was supported by a significant increase in Deposits from customers, which climbed to GH¢12.85 billion from GH¢11.15 billion. The statement of financial position reveals a strategic shift in the bank’s asset allocation, with Net Investment securities increasing to GH¢6.45 billion from GH¢4.71 billion, while Loans and advances to customers decreased to GH¢2.36 billion from GH¢3.19 billion.
The bank’s equity position showed improvement, with Total Equity rising to GH¢1.56 billion from GH¢1.46 billion. A notable movement within the equity statement is a "Transfer from accumulated losses to reserves," indicating a strengthening of the bank’s capital base. The Accumulated losses reduced to GH¢1,702.3 million from GH¢1,759.6 million.
The statement of cash flows, however, presented a mixed picture. While the bank generated strong cash from operating activities at GH¢1,464.0 million, it was a decrease from the GH¢2,545.1 million generated in the same period last year.
A significant outflow was recorded in investing activities, primarily due to a "Purchase of medium and long term government securities" amounting to GH¢2,558.9 million, underscoring the strategic move towards investment securities. Consequently, the overall position showed an "Increase in cash and cash equivalents" of negative GH¢708.7 million, compared to a positive GH¢2,582.5 million in 2024.
Earnings per share for the period were reported at 0.17 Ghana pesewas. The financial statements are marked as unaudited, meaning the figures are subject to potential adjustments upon the completion of an external audit.
