Sterling HoldCo Posts ₦62.3 Billion Profit, Surges 127% on Robust Earnings and Strategic Growth

Sterling Financial Holdings Company Plc has announced its unaudited financial results for the nine-month period ended September 30, 2025, recording an exceptional 127% year on year increase in profit after tax (PAT) to ₦62.3 billion. The performance reflects the Group’s robust earnings capacity, operational discipline, and effective execution of its diversified financial strategy.

Gross earnings surged by 44.1% to ₦341.7 billion (September 2024: ₦237.2 billion), driven by strong performances in both interest and non-interest income streams. Interest income rose by 38.7% to ₦262.4 billion, supported by an expanded earning asset base, while non-interest income grew significantly by 65.1% to ₦79.2 billion, underscoring the Group’s successful revenue diversification.

Sterling HoldCo maintained a solid balance sheet, with total assets increasing by 15.5% to ₦4.09 trillion (December 2024: ₦3.54 trillion). Customer deposits grew by 14.3% to ₦2.88 trillion, while shareholders’ funds rose by 32.9% to ₦405.5 billion highlighting the Group’s strong capital adequacy and capacity for future growth.

Commenting on the results, Yemi Odubiyi, Group Chief Executive of Sterling Financial Holdings Company Plc, said, “Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our Group structure. The significant growth in profit after tax underscores the success of our strategy to operate as a diversified financial services Group delivering value through our conventional, non-interest banking, and asset management subsidiaries.”

He added that Sterling’s results reflect disciplined risk management, innovation in product delivery, and a clear focus on sectors that drive real economic impact. Odubiyi also acknowledged the support of shareholders, noting the “resounding success” of the Group’s recently concluded public offer of 12.58 billion ordinary shares as a vote of confidence in Sterling’s long-term strategy.

With strengthened synergies across its subsidiaries, Sterling HoldCo is poised to sustain its growth trajectory through the final quarter of 2025. The Group remains focused on scaling its impact across key economic sectors, advancing financial inclusion, and driving innovation through sustainable finance and technology-led solutions.

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. The Group provides strategic direction, governance, and shared resources across its subsidiaries, leveraging over six decades of trust and innovation to drive inclusive and sustainable economic growth in Nigeria.