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Stanbic IBTC hints at delay in 2025 AFS filing

Stanbic IBTC Holdings Plc has indicated it may experience a delay in filing its Audited Financial Statements for the year ended December 31, 2025, with the Nigerian Exchange Limited.

The group attributed the potential hold-up to finalising the audit and securing necessary regulatory approvals.

Stanbic stated that efforts are underway to complete the process and file the results as soon as the necessary approvals are obtained.

The filing may occur before or shortly after the March 31, 2026 deadline, according to the company.

The notice comes after the company reported a pre-tax profit of N551.7 billion in its unaudited results, up 81.6 per cent year-on-year.

Interest income rose 38.9 per cent to N787.05 billion, representing 88 per cent of the bank’s gross earnings.

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This was mainly supported by a 60 per cent increase in loans and advances to customers and banks, which climbed to N3.84 trillion.

Net interest income remained substantial at N585 billion, up 43 per cent, despite a 29.5 per cent increase in interest expenses.

Fee and commission income rose 38.3 per cent to N257.77 billion, supported by stronger digital and transactional activity.

Total assets grew 24.7 per cent to N8.62 trillion, with loans and advances to customers contributing the highest at N2.3 trillion.

Equity expanded sharply by 67.6 per cent to N1.12 trillion, driven by increases in share premium and reserves.

Stanbic IBTC is up 22 per cent year-to-date on the Nigerian Exchange as of February 25, currently priced at N122 per share.

Regulatory approval will be required from the Central Bank of Nigeria, Securities and Exchange Commission, and Nigerian Exchange before submission.

The company stated that inquiries regarding the audited financial statements should be directed to the Group Company Secretary or Head of Investor Relations.

Ogungbayi Faesol
Ogungbayi Faesol
Faesol is a creative writer specialising in business and technology stories. A graduate of the News Round The Clock Internship Programme, he brings over 3 years experience in producing engaging coverage of emerging trends, tech innovation, lifestyle features and more.

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