Sterling Financial Holdings Company Plc has announced projections for its first-quarter performance in 2025, forecasting gross earnings of N121.81 billion.
In a notice submitted to the Nigerian Exchange Limited, the company detailed an expected interest income of N89.27 billion against interest expenses of N34.82 billion, resulting in net revenue from funds of N54.45 billion.
The financial institution anticipates credit impairment charges of N16.84 billion during the period, with no exceptional items expected. Other income for the quarter is forecast at N28.37 billion, bringing total net operating income to N65.98 billion.
Operating expenses are projected at N53.29 billion, leaving a profit before tax of N12.69 billion. After accounting for an estimated tax expense of N1.05 billion, Sterling expects a profit after tax of N11.64 billion.
Cash Flow and Financial Position
Sterling Financial Holdings forecasts N50.93 billion in cash inflows from investing activities and N64.36 billion from financing activities. Net cash generated from operating activities is expected to reach N5.58 billion for the quarter.
The company projects a N7.84 billion increase in net cash and cash equivalents, with its cash and bank balance anticipated to grow from N458.11 billion at the start of the period to N465.95 billion by March 31, 2025.
Strategic Focus on Growth
These projections highlight Sterling Financial Holdings’ commitment to sustainable growth and sound financial management as it charts its course for 2025. The anticipated results reflect the company’s efforts to maintain a robust operating structure and enhance shareholder value.
