Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a significant 127 percent year-on-year growth in profit after tax (PAT), reaching ₦62.3 billion for the nine-month period ended September 30, 2025.
The performance reflects the Group’s robust earnings capacity, operational efficiency, and strong execution across its diversified business segments.
According to the unaudited financial results released on October 31, 2025, the Group’s gross earnings rose by 44.1 percent to ₦341.7 billion, compared to ₦237.2 billion in the corresponding period of 2024.
The growth was driven by impressive performances across both interest and non-interest income lines. Interest income increased by 38.7 percent to ₦262.4 billion, while non-interest income surged by 65.1 percent to ₦79.2 billion.
Sterling HoldCo also recorded notable balance sheet growth, with total assets rising by 15.5 percent to ₦4.09 trillion from ₦3.54 trillion in December 2024.
Customer deposits rose by 14.3 percent to ₦2.88 trillion during the review period, underlining growing customer confidence and an expanding funding base.
Shareholders’ funds equally strengthened by 32.9 percent, climbing to ₦405.5 billion from ₦305.2 billion in December 2024, demonstrating the Group’s solid capital position.
Group Chief Executive, Yemi Odubiyi, said the results demonstrated the resilience and adaptability of Sterling HoldCo’s operating model as a diversified financial services group.
He attributed the strong performance to disciplined risk management, innovative product delivery, and a strategic focus on key economic sectors that drive real growth.
Odubiyi also expressed appreciation to shareholders and investors for their support, citing the successful completion of the company’s public offer of 12.58 billion ordinary shares as evidence of market confidence.
He reaffirmed that Sterling HoldCo will continue to leverage technology and operational excellence to sustain performance and deliver consistent returns to stakeholders.
The Group emphasized its commitment to deepening synergies across subsidiaries, which include Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management.
It added that the company remains strategically positioned to scale its operations across Nigeria’s high-impact sectors, advance financial inclusion, and drive innovation in the financial services space.
Sterling HoldCo reiterated its focus on building a resilient institution rooted in trust, sustainability, and long-term value creation for all stakeholders.
The Group stated that its steady earnings growth reflects its broader mission to enrich lives through innovation, impact, and responsible financial management.
