Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the
Group”) has reported a 157% year-on-year surge in profit-after-tax (PAT) in its
unaudited outcomes for the half-year ended June 30, 2025, demonstrating continued
momentum in income development, operational effectivity, and capital place.
The Group’s PAT reached ₦41.78 billion, up from ₦16.26 billion in the identical interval final
12 months. Earnings per share rose considerably to 89 Kobo from 56 Kobo, reflecting a
constant increment in worth to shareholders.
Gross earnings climbed by 39.7% to
₦212.61 billion, in comparison with ₦152.20 billion for H1 2024, whereas curiosity earnings rose
by 38.3% to ₦167.16 billion, and non-interest earnings elevated by 45% to ₦45.45
billion, testifying to the Group’s strategic concentrate on income diversification.
Additionally, the Group’s cost-to-income ratio improved to 64.5% from 75.7%,
underscoring the advantages of ongoing value optimisation measures.
Total belongings stood at ₦4.08 trillion on the finish of June, representing a 15.3% improve
from ₦3.54 trillion in December 2024.
Shareholders’ funds had been up 22.9% for the
interval, reflecting the impression of current recapitalisation and wholesome retained
earnings. Asset high quality additionally improved, with the non-performing mortgage ratio declining
to five.1% from 5.4% on the shut of the 2024 {financial} 12 months.
The Group’s robust displaying within the first half of the 12 months adopted a profitable non-public
placement and rights subject, by which roughly ₦100 billion was raised.
The proceeds enabled the complete recapitalisation of Alternative Bank and additional
strengthened the capital base of Sterling Bank, the Group’s flagship subsidiary. The
Group is about to enter the general public section of its capital elevating programme within the coming
weeks, aiming to shut the ₦53 billion recapitalisation hole of Sterling Bank and
additional strengthen the establishment’s capability for sustained development throughout its diversified
earnings streams.
This public supply is the primary section of the US$400m capital elevating programme
accredited by Sterling Holdco’s shareholders at its Annual General Meeting which
held on the thirtieth of June 2025.
Commenting on the Group’s feat and long-term imaginative and prescient, Yemi Odubiyi, Group Chief
Executive Officer, Sterling Financial Holdings Company, stated:
“Our excellent half-year outcomes are the product of clear strategic focus and a
relentless drive to create lasting worth for our stakeholders. Our efficiency displays
not simply strong development in core earnings strains, but in addition our success in constructing a resilient
and agile enterprise mannequin, able to delivering superior returns even in a dynamic
macroeconomic surroundings.
As we proceed to diversify our earnings streams and put money into operational effectivity,
we stay steadfast in our dedication to accountable development, prudent threat
administration, and sustainable impression.
Looking forward to the following section of our
capital programme, we see super alternative to deepen our footprint in
Nigeria’s development sectors and to catalyse significant progress for our prospects,
communities, and the broader financial system.”
Sterling HoldCo’s ongoing investments in renewable vitality, healthcare, and
neighborhood improvement spotlight its position as a catalyst for optimistic change throughout
Nigeria’s vital sectors.
As the Group forges forward with its plans for the second half of the 12 months, it stays resolute in its pursuit of sustainable development, steady innovation, and the creation of tolerating worth for all stakeholders.
