Sterling Financial Holdings Company Plc, Sterling HoldCo has continued its upward earnings trajectory, reporting an impressive 127% year-on-year growth in profit after tax to ₦62.3 billion for the nine-month period ended September 30, 2025.
The Group’s unaudited financial results reflect strong operational efficiency, disciplined execution, and a diversified earnings base, as it continues to consolidate its position as one of Nigeria’s leading financial services groups.
According to the report, gross earnings rose by 44.1% to ₦341.7 billion compared to ₦237.2 billion in the same period of 2024. The growth was driven by robust performances in both interest and non-interest income streams. Interest income climbed 38.7% to ₦262.4 billion, buoyed by an expanded earning asset base, while non-interest income grew 65.1% to ₦79.2 billion, underscoring the Group’s success in diversifying its revenue sources.
Sterling HoldCo also recorded a stronger balance sheet position, with total assets rising 15.5% to ₦4.09 trillion from ₦3.54 trillion in December 2024. Customer deposits increased by 14.3% to ₦2.88 trillion, while shareholders’ funds jumped 32.9% to ₦405.5 billion, reflecting solid capital adequacy and a strong platform for sustained growth.
Group Chief Executive, Yemi Odubiyi, attributed the strong performance to the Group’s diversified structure and focus on value creation across its subsidiaries.
“Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our Group structure,” Odubiyi said.
“The significant growth in profit after tax underscores the success of our strategy to operate as a diversified financial services Group delivering value through both our conventional, non-interest banking, and asset management subsidiaries.”
He added that the Group’s ongoing investments in technology, risk management, and real-sector financing continue to drive innovation and resilience.
Odubiyi also highlighted the success of Sterling HoldCo’s recent public offer of 12.58 billion ordinary shares, describing investor participation as “a resounding vote of confidence” in the Group’s long-term strategy.
As the Group prepares to close the final quarter of the year, Sterling HoldCo said it remains focused on sustaining growth, deepening financial inclusion, and powering innovation across high-impact sectors of the Nigerian economy.