Sterling HoldCo Sustains Upward Earnings Trajectory with 127%

Lagos, Nigeria — November 3, 2025: Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has announced its unaudited financial results for the nine-month period ended September 30, 2025, reporting an outstanding 127% year-on-year growth in profit after tax (PAT) to ₦62.3 billion.

This strong performance underscores the Group’s robust earnings capacity, operational discipline, and strategic execution, reflecting the resilience of its diversified business model.

Strong Revenue and Earnings Performance

Sterling HoldCo recorded ₦341.7 billion in gross earnings, representing a 44.1% increase from ₦237.2 billion in the corresponding period of 2024.

Interest income rose by 38.7% to ₦262.4 billion, driven by an expanded earning asset base.
Non-interest income surged by 65.1% to ₦79.2 billion, reflecting the Group’s success in diversifying its revenue streams through innovative financial solutions.

Solid Balance Sheet and Capital Strength

The Group maintained a healthy balance sheet with total assets growing 15.5% to ₦4.09 trillion (December 2024: ₦3.54 trillion).
Customer deposits rose by 14.3% to ₦2.88 trillion, while shareholders’ funds increased by 32.9% to ₦405.5 billion (December 2024: ₦305.2 billion).
These figures highlight Sterling HoldCo’s strong capital base and sustained ability to support future expansion and innovation.

Management Commentary

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.”

“Our results reflect disciplined risk management, innovative product delivery, and our focus on sectors that drive real economic impact. We deeply appreciate our shareholders and the investing public for their confidence, as shown in the resounding 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.”

Looking Ahead

With strengthened synergies across its subsidiaries, Sterling HoldCo is poised to sustain its growth momentum into the final quarter of the year.
The Group remains strategically positioned to expand its footprint across Nigeria’s high-impact sectors, advance financial inclusion, and power technology-driven innovation that fuels real-sector growth.

Guided by a heritage of trust and a commitment to excellence, Sterling HoldCo continues to champion sustainable finance and shape the future of African financial services.

About Sterling Financial Holdings Company Plc

Sterling Financial Holdings Company Plc is a leading Nigerian financial services Group committed to enriching lives through innovation, inclusion, and impact. Its diversified portfolio includes Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management, among others.

As a holding company, Sterling provides strategic direction, governance, and shared resources across its subsidiaries, enabling each to focus on its core mandate while leveraging Group-wide expertise and technology.

With a heritage of trust spanning over six decades, Sterling HoldCo remains dedicated to financial innovation, inclusive growth, and sustainable value creation for its stakeholders.