United Bank for Africa (UBA) Q2 2025 earnings summary

Executive summary

• Group profit before tax reached ₦388.4bn, with profit after tax at ₦335.5bn for H1 2025, up from ₦316.4bn in H1 2024.

• Earnings per share stood at ₦8.86, with an interim dividend of ₦0.25 per share proposed.

• Total assets grew to ₦33.3tn, and customer deposits rose to ₦24.2tn as of June 2025.

• The Group completed a rights issue, increasing share capital and premium to ₦350.1bn.

Financial highlights

• Interest income rose to ₦1.33tn (up from ₦1.00tn YoY), while net interest income was ₦773bn.

• Net fee and commission income was ₦147bn, and net trading and FX loss was ₦10bn (vs. ₦98bn gain YoY).

• Operating expenses totaled ₦513bn, and impairment charges for credit losses on loans were ₦35.2bn.

• Group’s cost-to-income ratio improved, and ROE remained robust.

Outlook and guidance

• Management expects continued growth in earnings and asset base, supported by strong capital and liquidity.

• The Group is focused on digital innovation, regional expansion, and maintaining asset quality.