Sterling HoldCo Assets Surpass N4 Trillion in Q1 2026

In Q1 2026, Sterling HoldCo reported that its total assets surpassed N4 trillion for the first time, reaching N4.07 trillion. The group achieved gross earnings of N134.8 billion, a 41.6% increase year-on-year, driven by a 36.8% rise in net interest income to N64.9 billion.

Operating income for the quarter stood at N93.4 billion, with profit after tax rising by 52.8% to N27.9 billion. The group's profit after tax for FY2025 was N86.8 billion, reflecting an 89.2% increase.

Shareholder funds strengthened to N542.5 billion following the successful completion of a recapitalization program. Adebimp Olambiwonnu, Chief Financial Officer, and Yemi Odubiyi, Group Managing Director, noted that these results demonstrate continued growth across the group's core businesses, supporting disciplined execution and improved operational efficiency.

The group aims to sustain its growth momentum throughout 2026.