UBA Plc has released its unaudited results for 9M 2025, reporting profit of N537.5 billion, compared to N525 billion for the same period last year, reflecting a 2.33% increase.
The bank also reported gross earnings of N2.5 trillion, up 2.96% YoY in 9M 2025 compared to N2.398 trillion in the same period of 2024, driven by interest income.
The significant profit growth was propelled by interest income, which increased by 10.1% to N1.98 trillion.
Interest expenses rose by 16.27% to N808.72 billion due to higher deposit costs.
Non-interest income for the nine months stood at N310.1 billion, a decline of 28.8% compared to N435.8 billion in the same period of 2024.
Net impairment charge on loans and receivable was N56.89 billion, a significant decline from N123.48 billion in the same period in 2024. This represents a 54% decrease year-on-year.
After accounting for impairment, net interest income stood at N1.11 trillion in the first nine months of 2025. This represents a 2.7% increase from N1.08 trillion in the same period of 2024.
Overall, the reduction in impairment charges played a significant role in enhancing net interest income after impairment, helping the bank maintain strong profitability despite challenges in the non-interest income segment.
This improvement in credit quality positions UBA for sustainable growth in its core lending business.
UBA’s total assets increased by 8% to N32.49 trillion, driven by growth in cash and bank balances, loans and advances to customers, as well as investment securities.
On the liabilities side of UBA’s balance sheet, the increase in total liabilities was driven by several key components:
Following the release of its third-quarter results, UBA’s share price rose to N39.75, reflecting a 1.9% increase from its previous closing price of N39.00. Year-to-date, the stock has gained 16.9%.