Stanbic’s Zest turns profitable with ₦543 million Q3 gain
- Zest reported a profit after tax of ₦543 million in Q3 2025, its first profitable quarter since launch.
- The fintech's loss after tax in Q3 2024 was ₦1.89 billion, showcasing a significant turnaround.
- Operating costs rose to ₦2.12 billion in Q3 2025, up from ₦1.26 billion in the first half of the year.
Zest's transition to profitability is a promising indicator for the fintech sector, particularly for bank-backed subsidiaries. This trend may encourage further investment in fintech innovations, but the rising operational costs highlight the need for sustainable financial management. The competitive landscape among fintechs will likely intensify as more players achieve profitability.
