Cynthia Ezegwu
United Bank for Africa Plc (UBA) has reported gross earnings of N2.47 trillion for the nine months ended September 30, 2025, representing a slight increase from N2.40 trillion recorded in the corresponding period of 2024.
According to the group’s unaudited financial statements filed with the Nigerian Exchange Limited on Thursday, profit after tax rose by 2.3 per cent to N537.5 billion from N525.3 billion in the same period last year.
UBA’s interest income grew to N1.98 trillion from N1.80 trillion in 2024, driven largely by higher earnings from investment securities and customer loans. However, interest expenses also rose to N808.7 billion, up from N695.6 billion, reflecting higher funding costs during the period.
The bank’s total assets increased to N32.49 trillion as of September 2025, compared to N30.32 trillion recorded in December 2024, while shareholders’ funds rose to N4.3 trillion from N3.4 trillion.
Total operating expenses stood at N846.1 billion, slightly above the N812.2 billion reported in the previous year. The group also recorded a 9.8 per cent rise in retained earnings to N1.77 trillion, reflecting continued profitability and balance sheet expansion across its African and international operations.
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UBA disclosed that it is currently involved in 1,766 legal cases, compared to 1,703 in 2024, with total claims estimated at N942 billion, lower than N1.325 trillion last year. The bank stated that, based on legal advice, no significant liability is expected beyond existing provisions.
In compliance with regulatory requirements, total commitments and contingent liabilities stood at N158 million during the review period.
The group also reported a free float percentage of 84.36 per cent, with a free float value of N1.495 trillion as of September 30, 2025, confirming UBA’s continued compliance with the Nigerian Exchange’s Premium Board listing requirements.