Sterling HoldCo Reports ₦62.3 Billion Profit in Nine Months, Up 127%

Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a remarkable 127% year-on-year growth in profit for the nine-month period ended September 30, 2025. This outstanding performance underscores the company’s commitment to operational excellence and its ability to navigate the challenging business environment.

According to the unaudited financial results, Sterling HoldCo delivered a profit of ₦341.7 billion, a testament to its resilience and ability to adapt to changing market conditions. The impressive growth in profit is a clear indication of the company’s strong earnings momentum and its potential for sustained value creation in the fourth quarter and beyond.

The robust performance has reinforced investor confidence in the company’s ability to deliver sustained results. As the business environment continues to evolve, Sterling HoldCo’s commitment to operational excellence and innovation will remain key drivers of its growth and success.

Sterling Financial Holdings Company Plc (Sterling HoldCo) announced its unaudited financial results for the nine months ending September 30, 2025, showcasing a remarkable 127% year-on-year increase in profit after tax (PAT) to ₦62.3 billion. This growth underscores the Group’s strong earning capacity, operational efficiency, and disciplined execution across its diverse financial services.

The Group’s gross earnings climbed by 44.1%, reaching ₦341.7 billion compared to ₦237.2 billion in September 2024. This growth was driven by solid performances in both interest income, which increased by 38.7% to ₦262.4 billion, supported by expanded earning assets, and non-interest income, which surged by 65.1% to ₦79.2 billion, reflecting successful diversification of revenue streams.

Sterling HoldCo maintained a healthy balance sheet, with total assets rising by 15.5% from ₦3.54 trillion in December 2024 to ₦4.09 trillion in September 2025. Growth was driven by increases in loans, investment securities, and liquid assets. Customer deposits also grew by 14.3% to ₦2.88 trillion, while shareholders’ funds increased significantly by 32.9% to ₦405.5 billion, demonstrating the Group’s solid capital base and capacity for future expansion.

Commenting on the results, Yemi Odubiyi, Group CEO of Sterling Financial Holdings, stated: “Our nine-month performance in 2025 reflects the resilience and agility of our Group. The substantial profit growth highlights the success of our diversified financial strategy, leveraging both traditional banking and asset management subsidiaries to deliver sustained value.”

He added, “Our disciplined risk management, innovative product offerings, and focus on sectors with real economic impact remain central to our strategy. We also appreciate the confidence of our shareholders, exemplified by the successful public offering of 12.58 billion shares.”

Looking ahead, Sterling HoldCo is poised to sustain its growth trajectory into the final quarter of 2025. The Group is strategically expanding its footprint across Nigeria’s high-impact sectors, promoting financial inclusion, and investing in technology to foster innovation and economic development. Guided by a legacy of trust and excellence, Sterling HoldCo continues to lead in sustainable finance and technology-driven solutions shaping Nigeria’s financial future.