Sterling Financial Holdings Company Plc posted a 157 percent increase in profit after tax for the first half of 2025.
According to the group’s unaudited financial statements for the six months ended June 30, profit after tax rose to N41.8 billion, up from N16.3 billion in the same period last year. This growth was driven by growth across interest and non-interest income lines and improved cost efficiency.
Gross earnings climbed 39.7 percent year-on-year to N212.61 billion, boosted by a 38.3 percent increase in interest income to N167.16 billion, and a 45 percent rise in non-interest income to N45.45 billion. Earnings per share stood at 89 kobo, reflecting the group’s strengthened bottom line.