UBA Posts ₦335bn Profit After Tax in H1 2025
- Business
- 20.09.2025
- No Comment
- 47
United Bank for Africa Plc (UBA) has released its financial performance for the half-year ended June 30, 2025, showing that profit after tax (PAT) rose to ₦335.53 billion from ₦316.36 billion in the previous year. The results, filed on the Nigerian Exchange Limited (NGX) platform, indicate remarkable growth across UBA’s major business segments, driven by strong earnings despite macroeconomic headwinds in Nigeria and other African Businessamlive
UBA, Zenith turn in mixed H1 ’25 results but offer investors dividends
H1 2025
- Profit After Tax (PAT): ₦335.53 billion (up from ₦316.36 billion in H1 2024).
- Gross Earnings: ₦1.608 trillion (up 17.28% from ₦1.371 trillion).
- Interest Income: ₦1.334 trillion (up 32.89% from ₦1.003 trillion).
- Total Assets: ₦33.3 trillion (up 9.71% from ₦30.3 trillion in December 2024).
- Customer Deposits: ₦27.6 trillion (up 11.9% from ₦24.6 trillion).
- Shareholders’ Funds: ₦4.22 trillion (up 23% from ₦3.41 trillion in December 2024).
- Profit Before Tax (PBT): ₦388 billion (down from ₦401 billion).
The results show UBA’s resilience and ability to deliver strong returns even in challenging operating environments, with sustained growth in deposits, assets, and earnings across its p
Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, emphasized the bank’s commitment to consistently delivering long-term value to shareholders:
“UBA’s first-half results highlight the strength of our business and the trust our customers continue to place in us. We delivered strong double-digit earnings growth across our markets, with Profit After Tax rising year-on-year to ₦335bn, underscoring the resilience of our business and the success of our strategy.”
Providing an update on UBA’s ongoing Rights Issuance Programme, Alawuba assured shareholders and investors that the bank remains on track with its financial goals and projections for 2025:
“We have made significant progress on our capital raising programme. Phase I of our Rights Issue was successfully completed, enhancing our capital by ₦234.3 billion and providing a stronger buffer for growth and expansion across our markets. With Phase II currently underway, we remain firmly on track to meet the new capital requirements by the end of the year.”
UBA’s Executive Director of Finance & Risk Management, Ugo Nwaghodoh, highlighted the Group’s strong top-line growth:
“Gross earnings rose to ₦1.61 trillion, driven by a 32.9% increase in interest income and a 14.6% uplift in net interest income. Deposits expanded 11.9% to over ₦27.5 trillion, supporting balance sheet growth to ₦33.3 trillion, while shareholders’ funds rose 23.3% to ₦4.22 trillion. Capital adequacy and liquidity ratios remain well above regulatory thresholds and provide significant buffers to support continued growth.”
On the plans for the rest of the year, Nwaghodoh added:
“Our priority is to pursue growth and expansion, scale and market share across markets, driving efficiency gains, scaling digital-led income streams and maintaining disciplined risk management.”
With presence in 20 African countries and offices in New York, London, Paris and Dubai, UBA is well-positioned to leverage its pan-African and international network to deliver sustained value to shareholders, customers, and communities.
- Strong profit after tax growth to ₦335.53 billion highlights UBA’s robust strategy.
- Gross earnings of ₦1.61 trillion driven by strong interest income performance.
- Increased deposits and assets reflect customer confidence and balance sheet strength.
- Ongoing Rights Issue Programme strengthens capital and supports future growth.
- Focus on digital-led income and disciplined risk management sustains competitiveness.
UBA’s half-year performance demonstrates its ability to thrive in a challenging macroeconomic environment, maintaining strong fundamentals and a clear path for sustainable growth in 2025 and beyond.
