United Bank for Africa Plc has released its financial performance for the half-year ended June 30, 2025, showing a profit after tax of N335 billion.

The bank’s audited financials, released to the Nigerian Exchange Limited, showed significant growth in gross earnings and profit after tax, signaling robust balance sheet expansion.

Despite the challenging global macroeconomic climate in Nigeria and major countries in Africa where the bank operates, UBA’s gross earnings grew by 17.28% from N1.371 trillion in June 2024 to N1.608 trillion in the period under review.

Interest income also increased by 32.89% from N1.003 trillion in June last year to N1.334 trillion, while total assets went up by 9.71% to N33.3 trillion, up from N30.3 trillion recorded in December 2024.

Total customer deposits also leapt by 11.9% in the same period to close at N27.6 trillion, up from N24.6 trillion recorded at the end of 2024. The bank’s shareholders’ funds remained strong, increasing by 23% from N3.41 trillion in December 2024 to N4.22 trillion in June 2025.

The Group Managing Director/Chief Executive Officer, UBA, Oliver Alawuba, underscored the bank’s commitment to consistently delivering long-term value to its shareholders.

“UBA’s first-half results highlight the strength of our business and the trust our customers continue to place in us. We delivered strong double-digit earnings growth across our markets, with Profit After Tax rising year-on-year to N335 billion from N316 billion, underscoring the resilience of our business and the success of our strategy,” he said.

The Executive Director, Finance & Risk Management, UBA, Ugo Nwaghodoh, pointed out that the Group delivered strong top-line growth, with gross earnings rising to N1.61 trillion, driven by a 32.9% increase in interest income and a 14.6% uplift in net interest income.

“Deposits expanded by 11.9% to over N27.5 trillion, supporting balance sheet growth to N33.3 trillion, while shareholders’ funds rose 23.3% to N4.22 trillion. Capital adequacy and liquidity ratios remain well above regulatory thresholds and provide significant buffers to support continued growth,” he explained.

On the plans for the rest of the year, Nwaghodoh said, “Our priority is to pursue growth and expansion, scale and market share across markets, drive efficiency gains, scale digital-led income streams, and maintain disciplined risk management.”

Alawuba also assured shareholders and investors that UBA remains on track with its financial goals and projections for 2025, having made significant progress on its capital raising program.