United Bank for Africa (UBA) Q3 2025 earnings summary

Executive summary

• Gross earnings rose to ₦2.47 trillion for the nine months ended September 2025, up from ₦2.40 trillion year-over-year.

• Net interest income increased to ₦1.17 trillion from ₦1.10 trillion year-over-year.

• Profit for the period was ₦537.5 billion, slightly up from ₦525.3 billion year-over-year.

• Total comprehensive income dropped to ₦750.8 billion from ₦1.63 trillion year-over-year, reflecting lower other comprehensive income.

Financial highlights

• Interest income grew to ₦1.98 trillion from ₦1.80 trillion year-over-year.

• Interest expense increased to ₦808.7 billion from ₦695.6 billion year-over-year.

• Net fee and commission income was ₦234.8 billion, nearly flat year-over-year.

• Net trading and FX income fell sharply to ₦41.4 billion from ₦182.5 billion year-over-year.

• Operating income was ₦1.48 trillion, down from ₦1.54 trillion year-over-year.

• Net impairment charge on loans and receivables improved to ₦56.9 billion from ₦123.5 billion year-over-year.

• Total assets increased to ₦32.49 trillion from ₦30.32 trillion at December 2024.

• Deposits from customers rose to ₦23.80 trillion from ₦21.89 trillion at December 2024.

Outlook and guidance

• Management notes that seasonality is not significant, but future macroeconomic developments may impact operations.