Sterling Financial Holdings Reports 89% Profit Growth in 2025

Sterling Financial Holdings Company PLC 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.