United Bank for Africa Plc (UBA) has reported gross earnings of N2.47 trillion for the nine months ended September 30, 2025 — a marginal rise from N2.40 trillion recorded in the same period of 2024.
According to the bank’s unaudited financial statement filed with the Nigerian Exchange Limited on Thursday, profit after tax increased slightly by 2.3 per cent, rising to N537.5 billion from N525.3 billion a year earlier.
UBA’s interest income rose to N1.98 trillion, up from N1.80 trillion in 2024, driven by higher earnings from investment securities and customer loans. However, interest expenses climbed to N808.7 billion from N695.6 billion, reflecting increased funding costs.
The group’s total assets grew to N32.49 trillion as of September 2025, compared to N30.32 trillion in December 2024. Shareholders’ funds also expanded to N4.3 trillion, up from N3.4 trillion in the previous year.
Operating expenses rose modestly to N846.1 billion from N812.2 billion in the corresponding period, while retained earnings grew by 9.8 per cent to N1.77 trillion, underscoring the bank’s profit retention and balance sheet growth across its African and international subsidiaries.
During the review period, UBA disclosed involvement in 1,766 legal cases, compared to 1,703 a year earlier, with total claims amounting to N942 billion, down from N1.33 trillion in 2024. The board said no significant liabilities are expected beyond existing provisions.
The bank also confirmed compliance with the Nigerian Exchange’s Premium Board listing requirements, declaring a free float percentage of 84.36 per cent, valued at N1.495 trillion as of September 30, 2025.