UBA Posts N538bn Profit After Tax, Strengthens Balance Sheet In Q3 2025

United Bank for Africa (UBA) Plc has announced its audited financial results for the third quarter ended September 30, 2025, recording robust growth across key performance indicators and sustaining its strong balance sheet position.

According to the results filed with the Nigerian Exchange Limited (NGX) on Thursday, UBA posted a Profit After Tax (PAT) of N537.53 billion, representing a 2.3 per cent increase over the N525.31 billion recorded in the same period of 2024. However, Profit Before Tax (PBT) dipped slightly by 4.1 per cent to N578.59 billion compared to N603.48 billion in the corresponding period of the previous year.

Gross earnings grew by 3.0 per cent to N2.469 trillion, up from N2.398 trillion in Q3 2024, while net interest income rose by 6.2 per cent from N1.103 trillion to N1.172 trillion, underscoring the bank’s continued resilience and operational efficiency.

UBA’s total assets increased by 7.2 per cent to N32.492 trillion as of September 2025, from N30.323 trillion in December 2024. Customer deposits also rose by 7.7 per cent to N26.54 trillion from N24.651 trillion at the end of last year, reflecting growing customer confidence.

Shareholders’ funds grew significantly by 25.8 per cent to N4.301 trillion, compared to N3.418 trillion in December 2024, signalling strong internal capital generation and sustained growth momentum.

Commenting on the performance, UBA’s Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, said the results reflect the bank’s strength, resilience, and diversified business model across its markets.

“We delivered solid performance supported by prudent balance sheet management, innovation, and a well-diversified earnings base across all our markets. With profit after tax rising to N538 billion, the bank continues to demonstrate consistent earnings momentum and sustainable growth,” Alawuba stated.

Providing an update on the bank’s recapitalisation programme, Alawuba disclosed that UBA had successfully completed the final phase of its Rights Issue as part of the Central Bank of Nigeria’s industry-wide recapitalisation directive.

“This exercise has further strengthened our capital base and will support the prudent expansion of our operations across our markets,” he said.

UBA’s Executive Director, Finance & Risk, Mr. Ugo Nwaghodoh, noted that the Group recorded a 10.1 per cent rise in interest income and a 6.2 per cent growth in net interest income, contributing to the steady increase in gross earnings.

“Shareholders’ funds expanded by 26 per cent to N4.3 trillion, underscoring investors’ confidence in the Group’s strategy. Our capital adequacy and liquidity ratios remain well above regulatory requirements, providing strong buffers for future growth,” he added.

Nwaghodoh reaffirmed the bank’s commitment to sustaining profitability, expanding digital income streams, and enhancing long-term shareholder value.

With over 25,000 employees and more than 45 million customers, UBA remains one of Africa’s leading financial institutions, operating in 20 African countries as well as the United Kingdom, the United States, France, and the United Arab Emirates.