Sterling Financial Holdings Company Plc reported a profit after tax of ₦41.8 billion for the half year ended June 30, 2025, up 157% from ₦16.3 billion in the same period of 2024.
Financial Performance
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Gross Earnings: ₦303.7 billion, up from ₦179.2 billion in H1 2024.
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Interest Income: ₦167.2 billion, compared to ₦120.9 billion in the prior year.
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Net Interest Income: ₦97.4 billion, a sharp rise from ₦57.6 billion.
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Profit Before Tax: ₦45.5 billion, up from ₦17.3 billion in H1 2024.
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Profit After Tax: ₦41.8 billion, compared to ₦16.3 billion last year.
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Earnings Per Share (EPS): 89 kobo, up from 56 kobo in H1 2024.
The Group also reported a 70% increase in net fee and commission income to ₦22.1 billion, alongside a rise in trading income to ₦13.0 billion as stronger business activity and improved market conditions bolstered income.
Q2 2025 Snapshot
For the second quarter ended June 30, 2025, Sterling reported:
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Revenue: ₦88.8 billion, compared to ₦65.6 billion in Q2 2024.
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Profit After Tax: ₦24.5 billion, almost triple the ₦8.8 billion recorded in the same quarter of 2024.
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EPS: 120 kobo, up from 142 kobo in Q2 2024.
Outlook
The Group maintained strong momentum into the second quarter, supported by growth in interest income, fees, and trading revenues, despite higher operating expenses. Sterling remains focused on strengthening its earnings capacity and driving long-term value creation for shareholders.