Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the third quarter ended September 30, 2025, showcasing strong and broad-based growth across all key financial indicators.
According to the report filed with the Nigerian Exchange Limited (NGX) on Thursday, UBA delivered another quarter of solid performance, reflecting its sustained profitability, balance sheet resilience, and disciplined execution amid a dynamic macroeconomic environment.
Gross earnings rose by 3.0 percent to ₦2.469 trillion, up from ₦2.398 trillion recorded in the corresponding period of 2024. Net interest income also improved by 6.2 percent to ₦1.172 trillion, compared to ₦1.103 trillion a year earlier, supported by stronger yields and growth in earning assets.
Despite a marginal 4.1 percent dip in profit before tax (PBT) to ₦578.59 billion from ₦603.48 billion, UBA’s profit after tax (PAT) climbed by 2.3 percent, reaching ₦537.53 billion, up from ₦525.31 billion in September 2024 — reflecting steady earnings momentum and operational efficiency.
The bank’s balance sheet remained robust, as total assets grew by 7.2 percent to ₦32.492 trillion, compared to ₦30.323 trillion recorded at the end of December 2024. Customer deposits also surged by 7.7 percent from ₦24.651 trillion to ₦26.54 trillion, underscoring strong customer confidence and effective deposit mobilisation.
UBA’s shareholders’ funds further expanded by 25.8 percent to ₦4.301 trillion, from ₦3.418 trillion in December 2024, driven by retained earnings and a successful capital-raising programme — reaffirming the Group’s solid capitalisation and capacity for growth.
Commenting on the performance, Oliver Alawuba, UBA’s Group Managing Director/Chief Executive Officer, said the results underscore the bank’s resilience, innovation, and diversified business model.
“We delivered a solid performance supported by prudent balance sheet management, innovation, and a well-diversified earnings base across all our markets,” Alawuba said. “With profit after tax rising to ₦538 billion from ₦525 billion, we have maintained consistent earnings momentum and demonstrated our commitment to sustainable growth, with strength across Nigeria, our African network, and our global offices.”
Alawuba also updated investors on the bank’s progress with its industry-wide recapitalisation efforts:
> “We have made significant progress on our capital-raising plans, completing the final Phase II of our Rights Issue. This has further strengthened our capital base and will support prudent expansion across all markets.”
He reaffirmed UBA’s strategic focus on disciplined execution, sustainability, and value creation, ensuring continued delivery of long-term returns to shareholders.
UBA’s Executive Director, Finance & Risk, Ugo Nwaghodoh, also highlighted the Group’s operational strength, noting that gross earnings grew by 10.1 percent in interest income and 6.2 percent in net interest income, supported by focused deposit mobilisation and investments in high-yield assets.
“Total assets grew by 7 percent to ₦32.5 trillion, driven by strong balance sheet expansion, while shareholders’ funds rose by 26 percent to ₦4.3 trillion — underscoring investor confidence in the Group’s strategy. Our capital adequacy and liquidity ratios remain well above regulatory thresholds, providing ample buffers for continued growth,” Nwaghodoh said.
Looking ahead, he added, the Group remains focused on sustaining profitability, expanding digital income streams, and delivering long-term value to shareholders and stakeholders across all markets.
With over 25,000 employees and 45 million customers worldwide, UBA remains one of the largest financial institutions in Africa, operating in 20 African countries, as well as the United Kingdom, the United States, France, and the United Arab Emirates. The bank continues to drive financial inclusion, innovation, and cross-border banking solutions through its cutting-edge digital platforms and customer-centric services.
