UBA Reports 2.47 Trillion Naira Gross Earnings in Nine Months, Posts 537.5 Billion Naira Profit

United Bank for Africa (UBA) Plc has demonstrated resilience in a challenging economic climate, reporting Gross Earnings of 2.47 Trillion Naira for the nine months ended September 30, 2025. The unaudited results, filed with the Nigerian Exchange Limited on Thursday, show a marginal increase of approximately 3.0 per cent from the 2.40 Trillion Naira recorded in the corresponding period of 2024.

The pan-African banking group successfully navigated persistent macroeconomic headwinds to achieve a 2.3 per cent growth in its Profit After Tax (PAT), which climbed to 537.5 Billion Naira from 525.3 Billion Naira in the prior nine-month period.

The significant earnings growth was underpinned by a strong performance in Interest Income, which surged by 10.1 per cent to 1.98 Trillion Naira. This expansion was primarily driven by higher yields on the bank’s investment securities and the increased volume of loans and advances extended to customers across its expansive African and international operations.

However, the operating environment placed pressure on costs, with Interest Expenses rising sharply by 16.27 per cent to 808.7 Billion Naira. This increase reflects the higher cost of funding and the aggressive competition for customer deposits in the current elevated interest rate regime.

Despite the rise in funding costs, UBA strengthened its balance sheet, with Total Assets expanding to 32.49 Trillion Naira as of September 2025, up from 30.32 Trillion Naira recorded at the end of December 2024. Furthermore, the bank’s Shareholders’ Funds showed robust growth, increasing to 4.3 Trillion Naira, signaling a strong capacity for sustained internal capital generation.

Management credited the performance to disciplined balance sheet management, diversification of its revenue base, and strategic execution across its markets, reassuring investors of the bank’s commitment to delivering long-term value.