By Ayomide Otitoju
United Bank for Africa (UBA) Plc has announced strong financial results for the half-year ended June 30, 2025, posting growth across major business segments despite a challenging macroeconomic environment.
According to the audited financial statements released to the Nigerian Exchange Limited (NGX) on Thursday, the pan-African lender recorded a 17.28% rise in gross earnings to ₦1.61 trillion, up from ₦1.37 trillion in June 2024. Interest income grew by 32.9% to ₦1.33 trillion, while customer deposits expanded by 11.9% to ₦27.6 trillion.
Total assets climbed 9.7% to ₦33.3 trillion, compared to ₦30.3 trillion at year-end 2024. Shareholders’ funds also advanced 23% to ₦4.22 trillion. Profit after tax rose by 6.1% year-on-year to ₦335.5 billion, though profit before tax slipped slightly to ₦388 billion from ₦401 billion.
Commenting on the results, Group Managing Director/CEO, Oliver Alawuba, said the performance underscored UBA’s resilience and customer trust. “We delivered strong double-digit earnings growth across our markets, with Profit After Tax rising to ₦335 billion from ₦316 billion year-on-year, highlighting the success of our strategy,” he stated.
He also confirmed that Phase I of the bank’s Rights Issue Programme had successfully raised ₦234.3 billion, strengthening its capital base, while Phase II remains on track to meet new regulatory capital requirements before year-end.
Executive Director, Finance & Risk Management, Ugo Nwaghodoh, attributed the results to operational efficiency and strategic execution. He noted that UBA’s capital adequacy and liquidity ratios remained comfortably above regulatory thresholds, providing strong buffers for further expansion.
Looking ahead, Nwaghodoh said the bank would focus on driving market share growth, scaling digital income streams, enhancing efficiency, and maintaining disciplined risk management in the second half of the year.
