National Wire About Nigerians, Nigerian Business and Other Stories
United Bank for Africa (UBA) has released its financial results for the first half of 2025, showing a 6.1% year-over-year growth in profit after tax (PAT) to N335.53 billion, up from N316.36 billion in the same period last year. This growth is attributed to the bank’s sustained core performance, which offset the lower non-core income recorded.
Key Highlights:
– Gross Earnings: UBA’s gross earnings grew 17.28% to N1.608 trillion, driven by a 32.9% increase in interest income to N1.33 trillion.
– Net Interest Income: Net interest income expanded 14.6% year-over-year to N773.03 billion, supported by a 46.9% decline in credit impairment charges to N31.97 billion.
– Non-Interest Income: Non-interest income contracted sharply by 37.0% year-over-year to N162.34 billion, due to normalized FX revaluation gains.
– Operating Expenses: Operating expenses rose 9.5% year-over-year to N514.99 billion, reflecting higher personnel costs, AMCON levy, and depreciation.
– Earnings Per Share (EPS): EPS marginally declined to N8.86 in H1-25 from N8.90 in H1-24, reflecting the dilutive impact of new share issuances.
Dividend Proposal:
The Board of Directors proposed an interim dividend of N0.25 per share, translating to a dividend yield of 0.5% based on the last closing price of N47.00 per share.
Outlook:
Despite the challenges, UBA’s management expects earnings momentum to remain strong, driven by sustained interest income growth, risk asset expansion, and disciplined funding cost management. The bank’s commitment to delivering long-term value to its shareholders remains unwavering ².
