Lagos, Nigeria — November 2025: Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has released its unaudited financial results for the nine months ended September 30, 2025, reporting a remarkable 127% year-on-year growth in profit after tax (PAT) to ₦62.3 billion.
The strong performance underscores the Group’s robust earnings capacity, operational efficiency, and disciplined execution across its subsidiaries.
The Group’s gross earnings rose by 44.1% to ₦341.7 billion (September 2024: ₦237.2 billion), driven by solid performances in both interest and non-interest income streams. Interest income grew by 38.7% to ₦262.4 billion, supported by an expanded earning asset base, while non-interest income surged by 65.1% to ₦79.2 billion, reflecting success in revenue diversification.
Sterling HoldCo maintained a healthy balance sheet, with total assets increasing by 15.5% from ₦3.54 trillion in December 2024 to ₦4.09 trillion as of September 2025. Customer deposits also rose by 14.3% to ₦2.88 trillion, while shareholders’ funds grew by 32.9% to ₦405.5 billion, reflecting a strong capital base and sustained growth capacity.
Commenting on the results, Yemi Odubiyi, Group Chief Executive, Sterling Financial Holdings Company Plc, said:
“Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our Group 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.
Our results highlight disciplined risk management, innovative product delivery, and a relentless focus on sectors that drive real economic impact. We are grateful to our shareholders and the investing public for their confidence in the Group, as reflected in the success of our recently concluded 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.”
With deepening synergies across its subsidiaries, Sterling HoldCo is well positioned to sustain its growth momentum through the final quarter of the year. The Group continues to scale its presence across Nigeria’s high-impact sectors, advance financial inclusion, and drive innovation that powers real-sector growth.
Guided by its heritage of trust and commitment to excellence, Sterling HoldCo remains dedicated to sustainable finance and technology-driven solutions that shape the future of financial services in Africa.
About Sterling Financial Holdings Company
Sterling Financial Holdings Company Plc is a leading Nigerian financial services group committed to enriching lives through innovation and impact. Its diversified portfolio includes Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management, among others.
As a holding company, Sterling provides strategic direction, governance, and shared resources across its subsidiaries, empowering each to focus on its core mandate while leveraging group-wide expertise and technology.
With a heritage of trust built over six decades, Sterling HoldCo continues to champion financial innovation, inclusion, and sustainable growth, creating lasting value for shareholders, employees, and communities.
