Sterling Financial Holdings reports 74% profit surge in 2025
Sterling Financial Holdings Company Plc has reported strong financial growth for 2025. The group’s profit after tax surged by 74.74% to N76.33 billion, while gross earnings climbed to N486.80 billion. This marks a significant rise from the previous year’s figures. The company’s total assets expanded by 10.45% to N3.91 trillion in 2025. Liabilities also grew, though at a slower pace of 7.74%, reaching N3.48 trillion. Loans and advances to customers saw a sharp increase of 28.18%, totalling N1.41 trillion.
Net interest income jumped by 54.79% to N208.65 billion, driven largely by a 41.82% rise in interest income, which made up 89% of gross earnings. Net fee and commission income also rose by 28.83% to N43.70 billion. However, credit loss expenses surged by 205.38% to N32.92 billion.
Profit before tax soared by 89.19% to N86.78 billion. The group also improved its asset quality, with non-performing loans (NPLs) dropping to 4.7% of gross loans. The results show a year of substantial growth for Sterling Financial Holdings. Higher earnings, expanded lending, and improved asset quality reflect the group’s strengthened financial position. The sharp rise in credit loss expenses, however, remains a key area to watch.
