…eaffirms Investor Confidence, Positions for Continued Value Creation
Sterling Financial Holdings Company Plc (Sterling HoldCo or “the Group”) has maintained its upward earnings trajectory with an impressive 127% year-on-year growth in profit after tax (PAT) to ₦62.3 billion for the nine-month period ended September 30, 2025.
The Group’s latest unaudited results reflect robust earnings performance, strong balance sheet growth, and disciplined execution, underscoring its resilience in navigating Nigeria’s dynamic financial landscape.
According to the financial statement, gross earnings surged by 44.1% to ₦341.7 billion, compared to ₦237.2 billion in the same period of 2024. The growth was driven by both interest and non-interest income, reflecting the Group’s well-diversified business model.
Interest income rose by 38.7% to ₦262.4 billion, buoyed by an expanded earning asset base, while non-interest income jumped 65.1% to ₦79.2 billion, highlighting Sterling HoldCo’s success in broadening its revenue streams beyond traditional banking.
Sterling HoldCo also strengthened its balance sheet, with total assets up 15.5% to ₦4.09 trillion from ₦3.54 trillion in December 2024. Customer deposits climbed by 14.3% to ₦2.88 trillion, while shareholders’ funds grew by 32.9% to ₦405.5 billion, affirming the Group’s strong capital base and ability to sustain expansion.
Speaking on the results, Yemi Odubiyi, Group Chief Executive of Sterling Financial Holdings Company Plc, said the impressive performance validates the success of the Group’s diversified model and strategic transformation into a financial services powerhouse.
“Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our Group structure. The significant profit growth reflects our ability to create value across our conventional, non-interest banking, and asset management businesses,” Odubiyi said.
He added that the Group’s disciplined risk management, innovation, and focus on sectors with real economic impact continue to drive growth and investor confidence.
“We are grateful to our shareholders and the investing public for their trust, as demonstrated in the success of our recently concluded public offer of 12.58 billion ordinary shares,” he noted.
“As we continue to invest in technology and operational excellence, our commitment remains clear to build a resilient institution that consistently delivers sustainable returns.”
With synergies deepening across its subsidiaries, Sterling HoldCo is strategically positioned to sustain its earnings momentum through the final quarter of 2025 and beyond. The Group is focusing on expanding its footprint across high-impact sectors, driving financial inclusion, and powering innovation that supports real-sector development.
Sterling HoldCo continues to align its growth strategy with sustainable finance principles, leveraging technology-driven solutions to enhance customer experience and deliver long-term value to shareholders and stakeholders alike.
Sterling Financial Holdings Company Plc is a leading Nigerian financial services group dedicated to enriching lives through innovation, inclusion, and impact. The Group’s subsidiaries include Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management, among others.
As a holding company, Sterling provides strategic direction, governance, and resource synergy across its subsidiaries, ensuring focus on their individual mandates while leveraging shared expertise and technology.
With a heritage of over six decades, Sterling HoldCo remains committed to driving sustainable economic growth, advancing digital financial inclusion, and pioneering technology-led solutions that shape the future of Africa’s financial ecosystem.