United Bank for Africa (UBA) has announced a profit after-tax (PAT) of N335.5 billion for the first half of 2025, marking a 6 percent increase compared to N316.4 billion recorded in the same period of 2024.
According to the group’s financial statement, net interest income rose by 15 percent year-on-year to N773 billion, reflecting stronger earnings from lending and investment activities. Net fees and commission income also inched up to N147 billion from N145 billion in H1 2024.
The bank’s balance sheet expanded, with total assets climbing to N33.3 trillion from N30.3 trillion a year earlier. Total liabilities also grew to N29 trillion from N26.9 trillion.
Despite the profit growth, some key performance indicators showed a slowdown. Profit before tax slipped to N388.4 billion from N401.6 billion, while earnings per share edged down to N8.86 from N8.90. Net trading and foreign exchange results recorded a N10 billion loss, in contrast to a N98.2 billion gain in the corresponding period of 2024.
Operating costs also weighed on performance, with employee benefit expenses jumping to N172.2 billion from N133.9 billion in H1 2024.
In line with its results, the group declared an interim dividend of 25 kobo per ordinary share of 50 kobo each, subject to withholding tax. The dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, October 3, 2025.
