UBA’s Q3 Boom: N2.47tn Earnings, N579bn Profit Show Resilient Growth

United Bank for Africa (UBA) Plc has announced its audited financial results for the third quarter ended September 30, 2025, posting another round of strong performance that highlights the bank’s resilience and sustained growth momentum across key indicators.

The latest results show that UBA recorded gross earnings of N2.47 trillion, representing a 3 percent rise from the N2.40 trillion posted in the same period of 2024.

The bank’s net interest income also rose by 6.2 percent to N1.17 trillion, up from N1.10 trillion a year earlier, underlining its steady earnings capacity in a challenging economic environment.

While profit before tax dropped slightly by 4.1 percent to N578.59 billion from N603.48 billion in the corresponding period of 2024, profit after tax rose by 2.3 percent to N537.53 billion compared to N525.31 billion recorded a year ago, reflecting sustained efficiency and strategic cost management.

UBA’s balance sheet remains robust, with total assets climbing to N32.49 trillion, a 7.2 percent increase over the N30.32 trillion recorded at the end of December 2024. Customer deposits also grew by 7.7 percent from N24.65 trillion to N26.54 trillion, showing continued confidence among customers across its markets.

Shareholders’ funds rose by 25.8 percent to N4.30 trillion from N3.42 trillion in December 2024, reflecting the bank’s strong internal capital generation and prudent management approach.

Commenting on the performance, UBA Group Managing Director/CEO, Oliver Alawuba, said the results once again demonstrate the bank’s resilience and diversification in navigating a dynamic operating environment.

The GCEO said the bank’s steady earnings reflect disciplined balance sheet management and the benefits of its pan-African and global presence.

“We delivered solid performance supported by prudent balance sheet management, innovation, and a well-diversified earnings base across all our markets,” he stated, further disclosing that “with profit after tax rising to N538 billion from N525 billion, the bank continues to reflect consistent earnings momentum and a commitment to sustainable growth.”

The GMD noted that UBA has made significant progress in its ongoing recapitalisation programme, following the completion of the second phase of its rights issue, which he said has further strengthened the bank’s capital base to support prudent expansion across its markets.

UBA’s Executive Director, Finance and Risk Management, Ugo Nwaghodoh, said the Group maintained steady growth in earnings, supported by a 10.1 percent increase in interest income and stronger investment in earning assets. He said shareholders’ funds expanded by 26 percent to N4.3 trillion, underscoring investor confidence in the bank’s strategy and positioning.

“Our capital adequacy and liquidity ratios remain well above regulatory thresholds and provide significant buffers to support continued growth,” he said, adding that the bank remains focused on sustaining profitability, expanding digital income streams, and delivering long-term value to shareholders.

United Bank for Africa is one of Africa’s largest financial institutions, serving over 45 million customers through operations in 20 African countries as well as the United Kingdom, the United States, France, and the United Arab Emirates. The bank employs over 25,000 people globally and continues to play a key role in advancing financial inclusion and digital innovation across the continent.