Bayport delivers a remarkable performance in 2025

… recording profit before tax exceeding GH? 100m

For Bayport Savings and Loans PLC, 2025 will be remembered as the year the business truly came into its own.

Not just a year of growth, but a year of deliberate change. A year in which strategy, timing, and disciplined execution converged to produce results never before seen in the company’s history.

The unaudited financial statements for the year ended December 31, 2025 tell a clear and compelling story. Behind the numbers is a business that fundamentally reshaped how it funds itself, how it serves customers, and how it manages risk, all against the backdrop of a steadily improving Ghanaian economy.

A stronger balance sheet built on liquidity

At the heart of Bayport’s transformation was a decisive shift in funding. In 2025, the company aggressively mobilised deposits, moving away from a heavy reliance on expensive borrowings and shareholder loans. The result was a balance sheet with good liquidity, a better funding mix and greater flexibility to grow the business.

Customer deposits rose sharply during the year, crossing the one billion Cedi mark by December 2025 to reach approximately GH¢1.06 billion, more than three times the audited 2024 level of GH¢293.6 million. Cash and cash equivalents also surged, closing the year at nearly GH¢300 million, up from just under GH¢20 million a year earlier.

This liquidity strength gave Bayport the capacity to lend confidently, respond quickly to customer demand, and manage its obligations with ease.

Total assets expanded to GH¢1.88 billion, a substantial increase from the audited position of GH¢1.21 billion at the end of 2024. Loans and advances grew in tandem, reflecting strong demand across Bayport’s core markets and the company’s renewed ability to fund that demand efficiently.

Performance driven by strategic execution

Bayport closed the year with strong results, driven by disciplined cost management, targeted support for public sector workers, and increased funding from deposits and other financing sources. The company more than tripled its deposit base and delivered outcomes that outperform the prior year, demonstrating resilience, responsible growth, and the ability to create sustainable value for customers, shareholders, and partners.

Digital transformation continued to deliver tangible business impact. Through AI and automation in credit processes, over 75% of loans are now disbursed within three hours, significantly improving turnaround time and customer convenience while strengthening risk management. These efficiencies, together with tighter expense discipline, contributed to a further improvement in operating efficiency, with the cost-to-income ratio declining to 56% in 2025.

At the same time, sustained investments in systems and customer journey redesign translated into measurable service improvements, with customer net promoter scores rising to 31%, reflecting better onboarding, faster service delivery, and improved engagement across digital and physical channels.

Expanded strategic partnerships with employers further increased loan volumes and reinforced Bayport’s role in advancing financial inclusion. These combined efforts contributed to a 56% increase in net interest income, rising from GH¢173 million in 2024 to approximately GH¢270 million in 2025, and together with strong other income, net operating income reached GH¢220.4 million.

Focused deposit mobilisation and Bayport’s reputation as a stable, well-managed financial partner also encouraged significant savings, with individuals and institutions increasingly choosing Bayport’s fixed deposit products. The favourable economic environment further supported Bayport’s strong performance in 2025.

Market leadership in payroll lending

Payroll lending remained the backbone of Bayport’s business, and in 2025 the company reinforced its leadership in this segment. Operations spanned forty-three locations across the country, reaching customers in both urban centers and underserved rural communities.

Bayport strengthened its leadership in the payroll sector, with market share increasing to 28.5% by the end of 2025.

By deepening its service to public sector workers and strengthening its relationship with partner institutions such as the CAGD, Bayport expanded its footprint while maintaining discipline in credit assessment.

Net loans and advances grew by over 40%, increasing from approximately GH¢939 million in 2024 to GH¢1.36 billion by the end of 2025. The company’s ability to reach customers consistently, collect efficiently, and respond to their needs helped sustain loan growth without compromising asset quality.

Discipline in risk and collections

One of the quiet strengths of Bayport’s 2025 performance was its handling of credit risk. Despite rapid growth in the loan book, impairment charges remained controlled. Improved collections, better data, and closer monitoring of accounts helped keep cost of risk at very low levels.

The non-performing loans to total gross loans (NPL) ratio declined significantly, falling from 14.3% in 2024 to 9.1% in 2025. This achievement means Bayport has already met Bank of Ghana’s maximum NPL threshold that regulated financial institutions are required to attain by the end of 2026, reaching the target a full year ahead of schedule.

One of Bayport’s strategic priorities is to ensure that the business remains aligned with current and relevant certification standards, particularly in cybersecurity, which remains a critical pillar of our operational resilience and customer trust.

In this regard, Bayport Savings and Loans is among a select few institutions in the financial sector to have successfully transitioned from the previous ISO 27001 standard to the ISO 27001:2022 edition, reinforcing our commitment to protecting information assets and strengthening our overall security posture.

Profits that tell their own story

The income statement reflects the scale of Bayport’s turnaround. Profit before tax rose sharply to over GH¢100 million, more than three times the prior year’s audited result. Profit after tax followed the same trajectory, climbing from GH¢22 million in 2024 to GH¢72 million in 2025.

These results were achieved while keeping operating costs in check. Although the business expanded rapidly, investments in digitisation, process automation, and tighter expense controls helped moderate cost growth. The outcome was a business that grew bigger, but also smarter.

On equity, the business increased its stated capital to GH¢50 million within the year, with total shareholders’ funds closing at over GH¢309 million. This growth in capital provides a solid foundation for future expansion and reinforces the company’s regulatory standing.

A business repositioned for the future

Beyond the figures, 2025 marked a change in posture for Bayport. The company emerged from the year more liquid, more profitable, and more confident in its operating model. It demonstrated that scale and discipline can coexist, and that growth need not come at the expense of stability.

As Ghana’s economy continues to normalise and opportunities reopen across the financial sector, Bayport enters the next phase of its journey from a position of strength. The unaudited results for December 2025 do more than report performance. They mark the close of a defining chapter and the beginning of a new one for a business that has clearly found its stride.

“The 2025 financial year was a turning point for Bayport. We made deliberate choices around how we fund the business, how we manage risk, and how we serve our customers. The results reflect the discipline of our team, the trust of our customers, and the benefits of a supportive economic environment.

We ended the year more liquid, more resilient, and better positioned to support our customers across the country in 2026 and beyond.”

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