Stanbic’s fintech arm grows income 14-fold, but remains unprofitable
- Zest's income grew fourteenfold to ₦874 million in H1 2025 from ₦61 million in the previous year.
- The company's loss after tax fell to ₦389 million, down 58.84% from ₦945 million in H1 2024.
- Zest's expenses climbed almost 24.95% to ₦1.26 billion, impacting profitability.
Zest's growth in income is promising, but the continued losses and rising expenses highlight significant operational challenges. The fintech landscape in Nigeria is competitive, and Zest must innovate and optimize its cost structure to achieve profitability. Further investment and strategic partnerships could be crucial for its success in the evolving market.
