Sterling Financial Holdings sustains record growth as Q1 profit rises by 52%  - Businessday NG

adsSterling Financial Holdings Company Plc has released its audited financial results for the year ended December 31, 2025, alongside its unaudited results for the first quarter (Q1) ended March 31, 2026.

The Group recorded strong earnings growth, balance sheet expansion, and improved capital strength.

According to statement by Group CFO, Sterling Financial Holdings Company Plc, Adebimpe Olambiwonnu, Gross Earnings for FY2025 increased by 44.4 percent to N486.8 billion, representing the strongest performance in the Group’s modern history. Profit Before Tax (PBT) rose by 89.2 percent to N86.8 billion, while Profit After Tax (PAT) increased by 74.8 percent to N76.3 billion.

The Group’s balance sheet also strengthened significantly during the year. Total Assets reached N3.91 trillion, Customer Deposits grew to N2.98 trillion, and Loans and Advances closed at N1.41 trillion while Shareholders’ Funds expanded by 40.5 percent to N428.7 billion.

Sterling Financial sustained this momentum into the first quarter of 2026, with Total Assets crossing the N4 trillion threshold for the first time, reaching N4.07 trillion.adsads