UBA Records N1.608trn Gross Earnings, N335bn After-tax Profit In H1

United Bank for Africa (UBA) Plc has released its fiscal show for the Half-year ended June 30, 2025, showing nett aft taxation of N335 billion.

The slope released its audited financials to the Nigerian Exchange Limited (NGX) yesterday. The results showed important maturation successful gross net and nett aft tax, signalling robust equilibrium expanse expansion.

At the extremity of the archetypal 2 quarters of the year, and contempt the challenging planetary macroeconomic clime successful Nigeria and large countries successful Africa wherever the slope operates, UBA’s gross net grew by 17.28 per cent, rising from N1.371 trillion successful June 2024 to N1.608 trillion successful the play nether review.

Interest income besides accrued by 32.89 per cent from N1.003 trillion successful June past twelvemonth to N1.334 trillion, portion full assets went up by 9.71 per cent to N33.3 trillion, up from N30.3 trillion recorded successful December 2024.

Total Customer deposits besides leapt by 11.9 per cent successful the aforesaid play to adjacent astatine N27.6 trillion, up from N24.6 trillion recorded astatine the extremity of 2024.

The results filed besides showed that nett aft tax, which stood astatine N316.36 cardinal successful June 2024, roseate by 6.06 per cent to adjacent the half-year astatine N335.53 billion, portion nett earlier taxation dropped somewhat from N401 cardinal to N388 cardinal successful the play nether consideration. However, the banks’ shareholders’ funds remained strong, expanding by 23 per cent from N3.41 trillion successful December 2024 to N4.22 trillion successful June 2025.

The radical managing director/chief enforcement officer, UBA, Oliver Alawuba, underscored the bank’s committedness to consistently delivering semipermanent worth to its shareholders.
He said, “UBA’s first-half results item the spot of our concern and the spot our customers proceed to spot successful us. We delivered beardown double-digit net maturation crossed our markets, with Profit After Tax rising year-on-year to N335 cardinal from N316 billion, underscoring the resilience of our concern and the occurrence of our strategy.”

Giving further update connected the bank’s ongoing rights issuance programme, the GMD assured shareholders and investors that UBA remains connected way with its fiscal goals and projections for 2025.

According to Alawuba, we person made important advancement connected our superior raising program. Phase I of our Rights Issue was completed, enhancing our superior by N234.3 cardinal and providing a stronger buffer for maturation and enlargement crossed our markets. With Phase II presently underway, we stay firmly connected way to conscionable the caller superior requirements by the extremity of the year.

The enforcement director, Finance & Risk Management, UBA, Ugo Nwaghodoh, pointed retired that the Group delivered beardown top-line growth, with gross net rising to N1.61 trillion, driven by a 32.9 per cent summation successful involvement income and a 14.6 per cent uplift successful nett involvement Income.

“Deposits expanded by 11.9 per cent to implicit N27.5 trillion, supporting equilibrium expanse maturation to N33.3 trillion, portion shareholders’ funds roseate 23.3 per cent to N4.22 trillion. Capital adequacy and liquidity ratios stay good supra regulatory thresholds and supply important buffers to enactment continued growth”, helium explained.

On the plans for the remainder of the year, Nwaghodoh said, “Our precedence is to prosecute maturation and expansion, standard and marketplace stock crossed markets, thrust ratio gains, standard digital-led income streams, and support disciplined hazard management.”