Sterling HoldCo Achieves 157% Profit Surge in Half-Year 2025, Announces Public Offer

Sterling HoldCo Achieves 157% Profit Surge in Half-Year 2025, Announces Public Offer

By prince Benson Davies

Sterling Financial Holdings Company Plc has reported a remarkable 157% year-on-year increase in profit-after-tax (PAT) to ₦41.78 billion for the half-year ended June 30, 2025. This impressive growth is attributed to the company’s continued focus on revenue growth, operational efficiency, and strategic capital management.

Key Highlights:

– Profit After Tax (PAT): ₦41.78 billion, up from ₦16.26 billion in H1 2024
– Earnings Per Share (EPS): 89 kobo, up from 56 kobo in H1 2024
– Gross Earnings: ₦212.61 billion, representing a 39.7% increase from ₦152.20 billion in H1 2024
– Interest Income: ₦167.16 billion, up 38.3% from H1 2024
– Non-Interest Income: ₦45.45 billion, representing a 45% increase from H1 2024

Improved Efficiency and Asset Quality:

– Cost-to-Income Ratio: Improved to 64.5% from 75.7%, showcasing effective cost management
– Non-Performing Loan Ratio: Declined to 5.1% from 5.4% at the close of the 2024 financial year, indicating better asset quality

Future Plans:

– Public Offer: Sterling HoldCo plans to launch a public offer to raise ₦53 billion, aiming to close the recapitalization gap of Sterling Bank and strengthen its capacity for sustained growth
– Capital Raising Programme: This public offer is part of the US$400 million capital raising program approved by shareholders at the Annual General Meeting held on June 30, 2025

Commenting on the results, Yemi Odubiyi, Group Chief Executive Officer, said:
“Our outstanding half-year results reflect our clear strategic focus and relentless drive to create lasting value for stakeholders. We’re committed to responsible growth, prudent risk management, and sustainable impact.”

Sterling HoldCo’s Commitment to Sustainability:

The company continues to invest in renewable energy, healthcare, and community development, highlighting its role as a catalyst for positive change in Nigeria’s critical sectors.