United Bank for Africa Plc (UBA) on Thursday reported gross earnings of N2.47tn for the nine months ended September 30, 2025.
This represented a marginal increase from N2.40tn recorded in the corresponding period of 2024.
The group’s unaudited financial statement filed with the Nigerian Exchange Limited on Thursday showed that profit after tax rose slightly by 2.3 percent to N537.5b from N525.3b posted in the same period last year.
Interest income grew to N1.98tn from N1.80tn in 2024, driven mainly by higher earnings from investment securities and customer loans.
However, interest expenses also rose to N808.7b compared to N695.6b in the prior period, reflecting the impact of higher funding costs.
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UBA’s total assets increased to N32.49t as of September 2025, up from N30.32t recorded in December 2024, while shareholders’ funds grew to N4.3t from N3.4t.
The bank’s total operating expenses stood at N846.1b, slightly higher than the N812.2b reported a year earlier.
The group also reported a 9.8 percent increase in retained earnings to N1.77t, reflecting continued profit retention and balance sheet expansion across its African and international operations.
In the period under review, in the ordinary course of business, the Group is currently involved in 1,766 legal cases compared to 1,703 in 2024.
The total amount claimed in these cases is estimated at N942b, lower than N1.325t in the previous year.
According to the directors, after seeking professional legal advice, no significant liability is expected to arise from these cases beyond the provisions already made in the financial statements.
The Group also engages in normal banking business activities involving acceptances, performance bonds, indemnities, guarantees, and letters of credit.
In compliance with banking regulations, total commitments and contingent liabilities stood at N158m during the review period.
Additionally, United Bank for Africa Plc declared a free float percentage of 84.36 percent, with a free float value of N1.495t as of September 30, 2025, confirming the bank’s compliance with the Nigerian Exchange Limited’s Premium Board requirements.
