Sterling Financial Holdings Company Plc has announced strong financial results for the 2025 financial year and the first quarter of 2026, with the Group’s total assets crossing the ₦4 trillion mark for the first time.
The company disclosed this in its audited financial results for the year ended December 31, 2025, and unaudited results for the quarter ended March 31, 2026, showing significant growth in earnings, profitability, and shareholders’ funds.
According to the Group Chief Financial Officer, Adebimpe Olambiwonnu, Gross Earnings for the 2025 financial year rose by 44.4 per cent to ₦486.8 billion, marking what the company described as the strongest performance in its modern history.
Profit Before Tax increased by 89.2 per cent to ₦86.8 billion, while Profit After Tax grew by 74.8 per cent to ₦76.3 billion during the period under review.
The Group also recorded significant balance sheet expansion, with Total Assets rising to ₦3.91 trillion. Customer Deposits climbed to ₦2.98 trillion, while Loans and Advances stood at ₦1.41 trillion. Shareholders’ Funds also grew by 40.5 per cent to ₦428.7 billion.
Sterling Financial maintained the growth trajectory into the first quarter of 2026, as Total Assets rose further to ₦4.07 trillion.
Gross Earnings for Q1 2026 increased by 41.6 per cent year-on-year to ₦134.8 billion, supported by a 36.8 per cent rise in Net Interest Income to ₦64.9 billion.
Operating Income for the quarter stood at ₦93.4 billion, while Profit Before Tax rose by 52.8 per cent to ₦27.9 billion. Profit After Tax also increased to ₦23.4 billion.
The Group’s Shareholders’ Funds strengthened to ₦542.5 billion following the successful completion of its recapitalisation programme.
Speaking on the performance, Yemi Odubiyi said the results reflected sustained growth across the Group’s businesses.
“Our FY2025 and Q1 2026 results reflect continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.
“The successful completion of our recapitalisation programme positions the Group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses. We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform,” he said.
The company noted that the growth of Sterling Bank Limited, The Alternative Bank Limited and SterlingFI Wealth Management has positioned the Group to compete effectively across multiple financial segments under a unified structure.
Sterling Financial added that it enters the rest of 2026 with stronger capital, expanded operating capacity, and sustained momentum across its banking and wealth-management businesses.