UBA posts N2.47tn gross earnings, N537.5bn profit after tax in Q3 2025, driven by higher interest income and expanded total assets

United Bank for Africa Plc (UBA) has announced gross earnings of N2.47tn for the nine months ended September 30, 2025, a slight increase from N2.40tn in the same period last year.

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The bank’s profit after tax (PAT) rose by 2.3 per cent to N537.5bn, compared to N525.3bn in the corresponding period of 2024.

This growth was largely driven by higher interest income, which increased to N1.98tn from N1.80tn, boosted by earnings from investment securities and customer loans.

However, interest expenses also rose to N808.7bn from N695.6bn due to higher funding costs.

UBA’s total assets grew to N32.49tn, up from N30.32tn in December 2024, while shareholders’ funds increased to N4.3tn.

The bank’s operating expenses stood at N846.1bn, slightly higher than N812.2bn in 2024.

Retained earnings rose by 9.8 per cent to N1.77tn, reflecting the bank’s continued focus on profit retention and balance sheet expansion across Africa and international operations.

During the period, UBA was involved in 1,766 legal cases, compared with 1,703 in 2024, with total claims estimated at N942bn, lower than N1.325tn previously.

Directors stated that no significant additional liability is expected beyond existing provisions.

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The bank also reported total commitments and contingent liabilities of N158m, and declared a free float of 84.36%, valued at N1.495tn, meeting Nigerian Exchange Limited Premium Board requirements.