UBA Plc Financials: N 2. 47 tn Gross Earnings by the Numbers

United Bank for Africa Plc reported gross earnings of N 2. 47 tn for the nine months ending September 30, 2025, a slight increase from N 2. 40 tn recorded in the same period of 2024.

The group’s unaudited financial statement, filed with the Nigerian Exchange Limited on Thursday, showed that profit after tax increased by 2.3%. 3 percent to N 537. 5 bn from N 525. 3 bn last year.

Interest income grew to N 1. 98 tn from N 1. 80 tn in 2024, mainly driven by higher earnings from investment securities and customer loans.

However, interest expenses also rose to N 808. 7 bn from N 695. 6 bn in the previous period, reflecting higher funding costs.

UBA’s total assets increased to N32. 49 tn as of September 2025, up from N 30. 32 tn at the end of December 2024. Shareholders’ funds grew to N 4. 3 tn from N 3.

4 tn. Total operating expenses were N 846. 1 bn, slightly higher than the N 812. 2 bn reported a year earlier.

The group also reported a 9. 8 percent increase in retained earnings to N 1. 77 tn, indicating ongoing profit retention and balance sheet growth across its African and international operations.

During the review period, in the normal course of business, the Group is involved in 1, 766 legal cases compared to 1, 703 in 2024. The total claimed in these cases is estimated at N 942 bn, lower than N 1. 325 tn in the previous year.

According to the directors, after consulting legal professionals, no significant liability is expected from these cases beyond the provisions already included in the financial statements.

The Group also conducts regular banking activities involving acceptances, performance bonds, indemnities, guarantees, and letters of credit.

In accordance with banking regulations, total commitments and contingent liabilities stood at N 158 m during the review period.

Additionally, United Bank for Africa Plc declared a free float percentage of 84.36. 36 percent, with a free float value of N 1. 495 tn as of September 30, 2025, confirming its compliance with the Nigerian Exchange Limited’s Premium Board requirements.