By Ayomide Otitoju
Sterling Financial Holdings Company Plc (Sterling HoldCo) has reported a 127% year-on-year increase in profit after tax (PAT) to ₦62.3 billion for the nine-month period ended September 30, 2025, underscoring the Group’s strong earnings capacity, operational efficiency, and disciplined execution.
The Group’s gross earnings grew by 44.1% to ₦341.7 billion, up from ₦237.2 billion in the same period of 2024. Interest income rose by 38.7% to ₦262.4 billion, driven by an expanded earning asset base, while non-interest income surged by 65.1% to ₦79.2 billion, reflecting the Group’s continued success in diversifying revenue streams.
Sterling HoldCo also strengthened its balance sheet, with total assets climbing 15.5% to ₦4.09 trillion from ₦3.54 trillion in December 2024. Customer deposits rose by 14.3% to ₦2.88 trillion, while shareholders’ funds grew by 32.9% to ₦405.5 billion, reinforcing the Group’s solid capital position and capacity for sustained growth.
Commenting on the results, Yemi Odubiyi, Group Chief Executive of Sterling HoldCo, said the strong performance demonstrates the “strength and adaptability” of its diversified structure. “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 stated.
Odubiyi attributed the growth to disciplined risk management, innovation, and focus on sectors driving real economic impact. He also acknowledged shareholders for their confidence in the Group, reflected in the successful public offer of 12.58 billion ordinary shares.
“As we continue to invest in technology and operational excellence, our goal remains clear: to build a resilient institution that consistently delivers sustainable returns,” he added.
With synergies deepening across its subsidiaries, Sterling HoldCo said it remains positioned to sustain growth through the final quarter of the year. The Group plans to expand its footprint across key sectors, promote financial inclusion, and advance sustainable, technology-driven solutions shaping the future of African financial services.
