United Bank for Africa Plc (UBA) has published its unaudited consolidated and separate financial statements for the six months ended June 30, 2025, posting a profit after tax of ₦335.53 billion, compared to ₦316.36 billion in the same period of 2024.
Total assets grew to ₦33.27 trillion, up from ₦30.32 trillion as at December 31, 2024.
Profit and Loss Performance
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Interest income: ₦1.33 trillion (H1 2024: ₦1.00 trillion)
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Interest expense: ₦560.61 billion (H1 2024: ₦328.94 billion)
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Net interest income: ₦773.03 billion (H1 2024: ₦674.62 billion)
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Impairment charges (net): ₦32.97 billion (H1 2024: ₦60.21 billion)
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Profit before tax: ₦388.41 billion (H1 2024: ₦401.58 billion)
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Profit after tax: ₦335.53 billion (H1 2024: ₦316.36 billion)
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Earnings per share: ₦8.86 (H1 2024: ₦8.90)
Other income lines:
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Net fee and commission income: ₦147.04 billion (H1 2024: ₦145.10 billion)
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Net trading and foreign exchange: –₦10.05 billion (H1 2024: ₦98.18 billion)
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Other operating income: ₦30.79 billion (H1 2024: ₦18.70 billion)
Operating expenses remained high at ₦312.96 billion, broadly flat compared to ₦312.36 billion in H1 2024.
Comprehensive Income
UBA posted a total comprehensive income of ₦670.66 billion in H1 2025, down from ₦1.03 trillion in H1 2024. This was largely influenced by lower foreign exchange translation gains and fair value adjustments.
Balance Sheet Position
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Cash and bank balances: ₦8.75 trillion (Dec 2024: ₦8.16 trillion)
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Loans and advances to customers: ₦7.21 trillion (Dec 2024: ₦6.95 trillion)
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Investment securities: ₦13.76 trillion (Dec 2024: ₦12.53 trillion)
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Deposits from customers: ₦24.19 trillion (Dec 2024: ₦21.89 trillion)
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Borrowings: ₦712.64 billion (Dec 2024: ₦1.39 trillion)
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Equity attributable to owners: ₦4.10 trillion (Dec 2024: ₦3.32 trillion)
Shareholder Returns
Profit attributable to equity holders was ₦320.92 billion, while non-controlling interests accounted for ₦14.61 billion.
The bank maintained earnings per share at ₦8.86, nearly flat against the ₦8.90 recorded in H1 2024.