Sterling Financial Holdings Company Plc has reported robust earnings growth, balance sheet expansion, and improved capital strength across the group in its 2025 full-year and first-quarter 2026 financial statements.
Record Earnings Performance
According to a statement by Group Financial Officer Adebimpe Olambiwonnu, gross earnings for the 2025 full year increased by 44.4 percent to N486.8 billion, marking the strongest performance in the group’s history. Profit before tax (PBT) surged by 89.2 percent to N86.8 billion, while profit after tax (PAT) rose by 74.8 percent to N76.3 billion.
Balance Sheet Strengthening
The group’s balance sheet also strengthened significantly during the year. Total assets reached N3.91 trillion, customer deposits grew to N2.98 trillion, and loans and advances closed at N1.41 trillion. Shareholders’ funds expanded by 40.5 percent to N428.7 billion.
The momentum continued into the first quarter of 2026, with total assets rising to N4.07 trillion. Gross earnings increased by 41.6 percent year-on-year to N134.8 billion, supported by a 36.8 percent rise in net interest income to N64.9 billion. Operating income reached N93.4 billion during the quarter, while PBT increased by 52.8 percent to N27.9 billion and PAT rose to N23.4 billion. Shareholders’ funds strengthened further to N542.5 billion following the successful completion of its recapitalisation.
Management Commentary
Commenting on the group’s performance, Group Managing Director Yemi Odubiyi said: “Our FY2025 and Q1 2026 results reflect continued growth across the group’s core businesses, supported by disciplined execution, improved operating efficiency and a strengthened capital position.”
He added: “The successful completion of our recapitalisation programme positions the group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses. We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform.”
