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Sterling HoldCo, the parent company of Sterling Bank and The Alternative Bank, has released its interim financial results for the year ended December 31, 2025.
The company has achieved a remarkable 99% year-over-year growth in profit before tax (PBT), building on the 102% PBT increase achieved in 2024.
Sterling HoldCo’s performance is underscored by a strong 22% return on equity, signaling the successful optimization of its diversified portfolio. The company’s growth is driven by strategic initiatives aimed at improving operational efficiency and expanding its balance sheet.
Gross earnings soared by 46% to ₦476.5 billion, with PBT standing at ₦90.7 billion. The company’s operational efficiency saw improvements, as evidenced by a decline in the cost-to-income ratio from 72% in 2024 to 63% in 2025. Interest income increased by 43% to ₦369.6 billion, fueled by growth in loans and advances and improved investment returns. Non-interest income surged by 57.3%, further bolstering the company’s earnings mix.
Sterling HoldCo’s balance sheet also showed significant growth, with total assets rising 11% to ₦3.92 trillion, largely driven by an increase in customer lending and investments. Customer deposits grew 18%, totaling ₦2.98 trillion, reflecting growing customer engagement and product adoption. Shareholders’ funds grew 39% to ₦424.0 billion, bolstering the company’s capital position and capacity to continue its growth trajectory.
The company’s growth was further supported by disciplined capital-raising initiatives, including a ₦88 billion public offer and capital injections across its subsidiaries, which also ensured compliance with the Central Bank of Nigeria’s recapitalization requirements.
With a robust capital structure, increasing customer deposits, and a diversified revenue stream, Sterling HoldCo is well-positioned for future growth and sustainability.
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