United Bank for Africa Plc (UBA) has announced gross earnings of N2.47tn for the nine months ending September 30, 2025, marking a slight rise from N2.40tn achieved in the equivalent period of 2024.
The financial institution’s unaudited results submitted to the Nigerian Exchange Limited on Thursday indicated that profit after tax climbed modestly by 2.3 per cent to N537.5bn from N525.3bn recorded during the same timeframe last year.
Interest income expanded to N1.98tn from N1.80tn in 2024, propelled primarily by increased returns from investment securities and customer lending portfolios. Conversely, interest expenses advanced to N808.7bn against N695.6bn in the preceding period, demonstrating the effect of elevated funding costs.
UBA’s total assets climbed to N32.49tn as of September 2025, rising from N30.32tn documented in December 2024, while shareholders’ equity expanded to N4.3tn from N3.4tn. The financial institution’s aggregate operating expenses reached N846.1bn, marginally above the N812.2bn registered a year prior.
ALSO READ
The banking group additionally reported a 9.8 per cent advancement in retained earnings to N1.77tn, illustrating ongoing profit accumulation and balance sheet growth throughout its African and global operations. The increase in retained earnings underscores the institution’s ability to channel profits back into business development while preserving operational resilience.
During the assessment period, the institution faced 1,766 litigation matters compared to 1,703 in 2024, with aggregate claims totaling N942bn, reduced from N1.325tn in the previous year. Directors stated that following consultation with legal experts, no substantial liabilities are anticipated from these proceedings beyond reserves already established in the financial records.
The banking entity participates in standard banking operations encompassing acceptances, performance guarantees, indemnities, assurances, and commercial credit instruments. Adhering to regulatory requirements, aggregate commitments and contingent obligations amounted to N158m throughout the review period.
United Bank for Africa Plc announced a free float proportion of 84.36 per cent, with a free float valuation of N1.495tn as of September 30, 2025. This validates the institution’s adherence to the Nigerian Exchange Limited’s Premium Board standards, which stipulate minimum public shareholding levels for quoted entities.
United Bank for Africa Plc functions as a major Nigerian banking institution with branches across numerous African territories and overseas locations, delivering commercial banking, corporate advisory, and consumer banking solutions.
