The Group's PATreached ₦41.78bilion, up from ₦16.26 billion in the same period last
year. Earnings per share rosesignificantlyto 89 Kobo from 56 Kobo, reflecting a
Additionaly, the Group’s cost-to-income ratio improvedto 64.5% from 75.7%,
Lagos, Nigeria:Sterling Financial Holdings Company Pc (“Sterling HoldCo” or “the
Total assets stood at ₦4.08 trilion at the end of June, representing a 15.3% increase
The Group’s strong showing in the first half of the year folowed a successfu private
momentum in revenue growth, operationa efficiency, and capital position.
unaudited results for the halfyear ended June 30, 2025, demonstratingcontinued
earnings. Asset quality also improved, with the non-performing loan ratio declining
to 5.1% from 5.4% at the close ofthe2024financial year.
Group”) has reported a 157% year-on-year surge in profit-after-tax(PAT) in its
from ₦3.54 trilion in December 2024. Shareholders’ funds were up 22.9% for the
This public offer is the first phase of the US$400m capital raising programme
consistent increment invalueto shareholders. Gross earnings climbed by 39.7% to
income streams.
underscoring the benefits of ongoing cost optimisation measures.
Group is set to enter the public phase of its capital raising programme in the coming
₦212.61billion, compared to ₦152.20 bilion for H1 2024, while interest income rose
The proceeds enabled the full recapitalisation of Alternative Bank and further
bilion, attesting tothe Group’s strategic focus on revenue diversification.
weeks, aiming to close the ₦53 billion recapitalisation gapof Sterling Bank and
…Discloses Plans to Launch a Public Offer
approved by Sterling Holdco’s shareholders at its Annua General Meeting which
period, reflecting the impact of recent recapitalisation and healthy retained
further strengthen the institution’s capacity for sustained growth across its diversified
strengthened the capital base of Sterling Bank, the Group’s flagship subsidiary.The
by 38.3% to ₦167.16billion, and non-interest income increased by 45%to ₦45.45
held on the 30thof June 2025Commenting on the Group’s feat and long-term vision, Yemi Odubiyi, Group Chief
community development highlight its role as a catayst for positive change across
“Our outstanding half-year results are the product of clear strategic focus and a
innovation, and the creation of enduring value for all stakeholders.
Executive Officer, Sterling Financial Holdings Company, said:
relentless drive to create lasting value for our stakeholders. Our performance reflects
Sterling HoldCo’s ongoing investments in renewable energy, healthcare, and
Nigeria’s critical sectors. As the Group forges ahead with its pans forthe second half
of the year, it remains resolute in its pursuit of sustainabe growth, continuous
capital programme, we see tremendous opportunity to deepen our footprint in
and agile business model, capable of delivering superior returns even in a dynamic
communities, and the broader economy.”
management, and sustainable impact. Looking ahead to the next phase of our
As we continue to diversify our income streams and invest in operational efficiency,
macroeconomic environment.
not just robust growth in core income lines, but also our success in building a resilient
we remain steadfast in our commitment to responsible growth, prudent risk
Nigeria’s growth sectors and to catalyse meaningful progress for our customers,
//Ends
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