OPay Hits $72m Profit Ahead Of $4bn US IPO

• OPay delivered a $72.47 million net profit in 2025 following a $50.98 million loss the previous year.

• Annual revenue surged 161 percent to $536.25 million while processed transactions hit $358 billion.

• Rapid expansion into digital lending drove the turnaround as new loan originations reached nearly $1 billion.

• Nigeria generated over 88 percent of total revenue as the fintech platform prepares for a $4 billion US stock market listing.

August 14, () — Financial technology platform, OPay, has crossed a major operational milestone by delivering a $72.47 million net profit for the 2025 financial year.

The audited financial figures, revealed in investment documents tied to the company’s planned initial public offering, mark a massive rebound from the $50.98 million net loss recorded in 2024. Total revenue for the period surged 161 percent to hit $536.25 million.

The dramatic swing into profitability highlights a clear shift in how the business monetises its user base.

Rather than relying purely on low margin payment transfers, OPay successfully expanded high margin financial products across its digital ecosystem.

Credit Growth and Scale Drive Strong Cash Flow

A primary driver behind the financial leap was the rapid scaling of OPay’s digital credit services.

New loan originations climbed 285 percent year over year to reach $938.3 million. In Nigeria, the number of unique quarterly borrowers more than doubled to 4.6 million, demonstrating strong consumer adoption of the app’s lending features.

Overall platform usage showed similar momentum. Monthly active users rose 57 percent to 39.3 million, while overall gross transaction value more than doubled to $358 billion.

The operational push translated directly into cash generation. Operating income moved from a $35.1 million deficit in 2024 to a $107.1 million gain, while annual operating cash flow nearly tripled to $152.2 million.

Nigeria Powers Balance Sheet as Wall Street Debut Approaches

Although OPay holds operating licences in Egypt, Pakistan, and Indonesia, the Nigerian market continues to drive the vast majority of its financial performance.

Nigerian operations generated 88.1 percent of total company revenue in 2025. Product adoption within the country remains high, with approximately 70 percent of Nigerian monthly active wallet holders using more than five distinct financial services on the platform.

The audited figures provide a solid track record as global investment banks, including JPMorgan, Citi, and Deutsche Bank, assist the firm in preparing for a US stock market debut.

With $274.3 million in cash reserves and a target valuation near$4 billion, OPay enters its next phase as one of the few profitable, large-scale fintech platforms operating across emerging markets.