KEY POINTS

• UBA third-quarter profit hits N537.5 billion post-tax.

• Total assets expand to N32.49 trillion on strong deposits.

• Recapitalisation strengthens capital base and investor confidence.

United Bank for Africa Plc made a profit after taxes of N537.5 billion ($363.2 million) for the third quarter that ended on September 30, 2025. This made it one of the most profitable banks in Africa.

The results, released to the Nigerian Exchange on Thursday, showed steady gains across earnings indicators despite tighter market conditions. Gross earnings climbed 3 percent to N2.47 trillion, while net interest income grew 6.2 percent to N1.17 trillion.

UBA third-quarter profit underscores resilience

Profit before tax dipped slightly to N578.6 billion, compared with N603.5 billion last year, but post-tax profit improved by 2.3 percent. Total assets rose 7.2 percent to N32.49 trillion, backed by higher investments and solid deposit mobilisation. Deposits increased 7.7 percent to N26.54 trillion, while shareholders’ funds surged 25.8 percent to N4.3 trillion, following a successful rights issue under the Central Bank of Nigeria’s recapitalisation plan.

Group Managing Director Oliver Alawuba credited the strong showing to “prudence and disciplined balance sheet management.” He said the recapitalisation “strengthened our capital base and will support continued expansion across our markets.”

UBA third-quarter profit reflects investor confidence

Executive Director Ugo Nwaghodoh said the performance was driven by “higher interest income and robust deposit growth,” adding that total assets growth and shareholder confidence highlight UBA’s financial depth.

Billionaire Africa reports that with operations in 20 African countries and key global markets including the UK, US, France, and UAE, UBA continues to demonstrate its capacity for stable performance and sustained value creation for investors despite volatile conditions.