Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a remarkable 127% increase in profit after tax (PAT), reaching ₦62.3 billion for the nine-month period ended September 30, 2025.
The financial results underscore the Group’s strong earnings momentum, robust balance sheet, and disciplined execution across its business segments.
According to the unaudited results released by the company, gross earnings grew by 44.1% year-on-year to ₦341.7 billion, up from ₦237.2 billion in the corresponding period of 2024.
The growth was driven by strong performances in both interest and non-interest income. Interest income climbed by 38.7% to ₦262.4 billion, supported by an expanded earning asset base, while non-interest income surged by 65.1% to ₦79.2 billion, reflecting the Group’s continued success in diversifying its revenue streams.
The Group also reported a 15.5% rise in total assets, increasing from ₦3.54 trillion in December 2024 to ₦4.09 trillion as of September 2025. This was attributed to growth in loans, investment securities, and liquid assets. Customer deposits rose by 14.3% to ₦2.88 trillion, while shareholders’ funds grew significantly by 32.9% to ₦405.5 billion from ₦305.2 billion at the end of 2024 — a development that highlights the company’s solid capital position and ability to sustain future expansion.
Group Chief Executive, Yemi Odubiyi, described the performance as a reflection of Sterling HoldCo’s strength, adaptability, and strategic diversification across its subsidiaries.
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“Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our Group structure,” Odubiyi said. “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, non-interest banking, and asset management subsidiaries.”
He further attributed the positive results to disciplined risk management, innovative product offerings, and a focus on sectors that drive real economic growth. Odubiyi also expressed gratitude to shareholders and the investing public for their confidence in the Group, as seen in the successful public offer of 12.58 billion ordinary shares concluded recently.
“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 added.
With strong performance across its subsidiaries, Sterling HoldCo said it is positioned to maintain its growth trajectory into the final quarter of the year and beyond. The Group intends to deepen its presence in high-impact sectors, promote financial inclusion, and drive innovation that supports real-sector development in Nigeria.
Sterling HoldCo, which oversees Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management, among others, continues to leverage technology, governance, and shared expertise to deliver long-term value for shareholders and the communities it serves.
With over six decades of trust and leadership in Nigeria’s financial sector, the Group reaffirmed its commitment to sustainable finance, inclusion, and innovation as it shapes the future of African financial services.