October 31, (THEWILL) — United Bank for Africa (UBA) Plc has released its audited financial statement for the third quarter ended September 30, 2025, delivering another solid performance driven by steady earnings growth, strong balance sheet fundamentals, and strategic capital-strengthening initiatives.
The pan-African financial institution posted a Profit After Tax (PAT) of N537.53 billion, a 2.3% rise from N525.31 billion recorded in the corresponding period of 2024, underscoring its sustained earnings resilience in a challenging macroeconomic environment.
While Profit Before Tax (PBT) came in at N578.59 billion, reflecting a marginal 4.1% moderation from N603.48 billion reported in Q3 2024, Gross earnings expanded by 3.0% to N2.469 trillion from N2.398 trillion in the prior year, supported by stronger interest income.
Net interest income also rose 6.2% to N1.172 trillion compared to N1.103 trillion in the same period last year.
UBA’s balance sheet remained robust, with total assets rising 7.2% to N32.492 trillion from N30.323 trillion as at December 2024. Customer deposits also advanced by 7.7% to N26.54 trillion from N24.651 trillion as the Group deepened its market presence and strengthened its funding base across key African and global markets.
Shareholders’ funds surged 25.8% to N4.301 trillion from N3.418 trillion at the end of 2024, demonstrating strong internal capital generation and improved investor confidence.
UBA Group Managing Director/CEO, Oliver Alawuba, attributed the strong performance to disciplined balance sheet management, innovation, and a diversified earnings structure.
“We delivered solid performance supported by prudent balance sheet management, innovation, and a well-diversified earnings base across all our markets. With profit after tax rising to N538 billion, the bank continues to reflect consistent earnings momentum and commitment to sustainable growth amidst persistent macroeconomic headwinds”, Alawuba said.
He noted significant progress in the Group’s capital raising programme under the banking sector recapitalisation exercise, confirming the successful completion of the final phase of UBA’s Rights Issue.
“This has strengthened our capital base and will support the continued, prudent expansion of our operations across our markets,” he added.
UBA’s Executive Director, Finance & Risk, Ugo Nwaghodoh, highlighted that the Group’s earnings performance was driven by a 10.1% expansion in interest income and sustained growth in earning assets.
“Total assets grew by 7% to N32.5 trillion, supported by focused deposit mobilisation and increased investment in earning assets. Shareholders’ funds expanded by 26% to N4.3 trillion, underscoring continued investor confidence in the Group’s strategy”, he stated, noting that capital adequacy and liquidity remain comfortably above regulatory benchmarks.
According to him, the Group remains focused on profitability optimisation, expanding digital revenue streams, and delivering sustained value to shareholders.
UBA, one of Africa’s largest financial institutions with over 25,000 employees and more than 45 million customers globally, operates across 20 African countries as well as the United Kingdom, the United States, France and the UAE. The bank continues to invest in digital innovation to deepen financial inclusion and support enterprise growth across the continent.
With a strengthened capital position, expanding digital capabilities, and a resilient earnings outlook, UBA appears well-positioned to sustain growth momentum through the remainder of 2025.
Felix Ifijeh is a journalist with years of professional reporting experience. Known for his keen news sense, compelling storytelling and commitment to accurate, impactful reporting, he has built a reputation for turning leads into clear, engaging, and well-structured reports that resonate with readers. His work reflects deep newsroom experience and a commitment to accurate, impactful journalism.
