Sterling Financial Holdings Reports 89% Profit Growth in 2025

Sterling Financial Holdings Company PLC (NGX: STERLINGNG) announced its audited financial results for the fiscal year ending December 31, 2025, and its unaudited results for the first quarter ending March 31, 2026. The company reported a gross earnings increase of 44.4% to ₦486.8 billion, marking the strongest performance in its modern history.

Profit before tax rose by 89.2% to ₦86.8 billion, while profit after tax increased by 74.8% to ₦76.3 billion. The total assets of the group reached ₦3.91 trillion, with customer deposits growing to ₦2.98 trillion and loan advances closing at ₦1.41 trillion.

In Q1 2026, total assets surpassed ₦4 trillion for the first time, reaching ₦4.07 trillion, with gross earnings rising by 41.6% year-on-year to ₦134.8 billion. The group’s profit before tax for Q1 2026 increased by 52.8% to ₦27.9 billion.

Adebimp Olambiwonnu, Group CFO, and Yemi Odubiyi, Group Managing Director, emphasized the company's sustained growth and improved operational efficiency, supported by a successful recapitalization program.