…Reports 127% Profit Surge, Reinforcing Investor Confidence and Operational Strength
By Rashidat Olushola Okunlade
Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced its unaudited financial results for the nine months ended September 30, 2025, recording a remarkable 127 percent year-on-year growth in profit after tax (PAT) to ₦62.3 billion.
This performance underscores the Group’s strong earnings capacity, operational efficiency, and disciplined execution—further cementing its position as one of Nigeria’s leading diversified financial institutions.
Strong Topline Growth and Diversified Earnings
Sterling HoldCo’s gross earnings rose by 44.1 percent to ₦341.7 billion, up from ₦237.2 billion in the same period of 2024. This was driven by solid performances across both interest and non-interest income lines.
Interest income grew by 38.7 percent to ₦262.4 billion, supported by an expanded earning asset base, while non-interest income surged by 65.1 percent to ₦79.2 billion—reflecting the Group’s success in diversifying its revenue streams and deepening its presence in key market segments.
Robust Balance Sheet and Capital Strength
The Group maintained a resilient balance sheet, with total assets growing by 15.5 percent to ₦4.09 trillion as of September 2025, compared to ₦3.54 trillion in December 2024. This growth was driven by increased loans, investment securities, and liquid assets.
Customer deposits also rose by 14.3 percent to ₦2.88 trillion, while shareholders’ funds strengthened by 32.9 percent to ₦405.5 billion—highlighting the company’s solid capital base and capacity for sustained expansion.
Leadership Commentary
Commenting on the results,
Yemi Odubiyi, Group Chief Executive of Sterling Financial Holdings Company Plc, said the performance reflects the strength and adaptability of the Group’s diversified structure.
“Our performance over the first nine months of 2025 demonstrates the robustness of our Group model. The significant growth in profit after tax underscores the success of our strategy to operate as a diversified financial services Group delivering value through both our conventional and non-interest banking, as well as asset management subsidiaries,” Odubiyi stated.
He added that the Group’s consistent performance highlights disciplined risk management, innovative product delivery, and focus on sectors with real economic impact.
“We are grateful to our shareholders and the investing public for their confidence in the Group, especially evident in the success of our recently concluded public offer of 12.58 billion ordinary shares. As we continue to invest in technology and operational excellence, our goal remains clear—to build a resilient institution that consistently delivers sustainable returns,” he said.
Positioned for Sustainable Growth
With deepening synergies across its subsidiaries, Sterling HoldCo remains firmly on course to sustain its growth momentum through the final quarter of the year. The Group is strategically positioned to expand its footprint across high-impact sectors, advance financial inclusion, and power innovation that drives real-sector growth.
Guided by a heritage of trust and an enduring commitment to excellence, Sterling HoldCo continues to champion sustainable finance and technology-driven solutions shaping the future of African financial services.
What To Know About Sterling Financial Holdings Company Plc
Sterling Financial Holdings Company Plc is a leading Nigerian financial services group with a diversified portfolio that includes Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management, among others.
As a holding company, Sterling provides strategic direction, governance, and resources across its subsidiaries—enabling each to focus on its core mandate while benefiting from groupwide expertise, technology, and oversight.
With over six decades of heritage, Sterling HoldCo remains committed to innovation, inclusion, and sustainable growth. The Group continues to pioneer solutions across banking, payments, and technology-driven financial services—creating long-term value for shareholders, employees, and the communities it serves.
