The United Bank for Africa Plc, has released its audited financial results for the third quarter ended September 30, 2025, showing strong performance across major financial metrics.

The bank’s gross earnings rose by 3.0 percent to ₦2.469 trillion, compared to ₦2.398 trillion recorded in the same period last year. Net interest income also advanced by 6.2 percent to ₦1.172 trillion, up from ₦1.103 trillion in Q3 2024.

According to the report filed with the Nigerian Exchange Limited on Thursday, UBA recorded a marginal 4.1 percent decline in profit before tax to ₦578.59 billion, from ₦603.48 billion in 2024.

However, profit after tax increased by 2.3 percent to ₦537.53 billion, compared to ₦525.31 billion in the corresponding period last year.

UBA maintained a solid balance sheet, with total assets rising by 7.2 percent to ₦32.492 trillion, from ₦30.323 trillion at the end of December 2024. Total deposits also grew by 7.7 per cent to ₦26.54 trillion, up from ₦24.651 trillion last year.

Shareholders’ funds strengthened by 25.8 percent to ₦4.301 trillion, from ₦3.418 trillion in December 2024, reflecting the bank’s strong internal capital generation and sustained growth momentum.

Commenting, UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, said the bank’s performance underscores its strength, resilience, and the effectiveness of its diversified business model in navigating a dynamic operating environment.

“We delivered solid performance supported by prudent balance sheet management, innovation, and a well-diversified earnings base across all our markets,” he stated.

According to him, with profit after tax rising to ₦538 billion from ₦525 billion, the bank has continued to demonstrate consistent earnings momentum and a firm commitment to sustainable growth, driven by its strong performance in Nigeria, its African network, and global operations despite persistent macroeconomic headwinds.

He said, “I am pleased to report that we have made significant progress on our capital raising, as part of the mandated industry wide recapitalization exercise with the successful completion of the final phase II of the Rights Issue. This has strengthened our capital base and will support the continued, prudent expansion of our operations across our markets.”

Alawuba reaffirmed UBA’s unwavering commitment to disciplined execution and strategic growth, aimed at delivering sustainable returns and long-term value for shareholders.

Also speaking on the results, UBA’s Executive Director of Finance and Risk, Ugo Nwaghodoh, highlighted that the Group achieved steady earnings growth, with gross earnings rising to ₦2.47 trillion, driven by a 10.1 percent increase in interest income and a 6.2 percent rise in net interest income.

He added that total assets expanded by 7 percent to ₦32.5 trillion, supported by focused deposit mobilisation and increased investment in income-generating assets.

“Shareholders’ funds expanded by 26% to N4.3 trillion, underscoring the continued confidence of investors in the Group’s strategy, while capital adequacy and liquidity ratios remain well above regulatory thresholds and provide significant buffers to support continued growth,” he noted.