United Bank for Africa Plc (UBA) reported a profit after tax of ₦537.53 billion for the nine months ended September 30, 2025, representing a 2.3% increase from ₦525.31 billion recorded in the same period of 2024.
Gross earnings rose slightly by 3% to ₦2.47 trillion, compared to ₦2.40 trillion last year, driven by higher interest income and stable fee-based revenue.
Interest income increased by 10.1% to ₦1.98 trillion, while interest expense rose by 16.3% to ₦808.72 billion, resulting in a net interest income of ₦1.17 trillion, up from ₦1.10 trillion in 2024.
Fee and commission income closed at ₦407.96 billion, compared to ₦392.84 billion in 2024, while net fee and commission income remained stable at ₦234.84 billion.
Net trading and foreign exchange income declined sharply to ₦41.36 billion, from ₦182.48 billion in the previous year, as foreign exchange gains moderated following earlier market volatility.
UBA reported total non-interest income of ₦310.08 billion, down from ₦435.84 billion in 2024. Operating income stood at ₦1.48 trillion, compared to ₦1.54 trillion in the same period last year.
Operating expenses increased to ₦846.15 billion, up from ₦812.20 billion, reflecting higher personnel and administrative costs. Despite this, the Group maintained solid cost control, with other operating expenses declining to ₦529.82 billion from ₦552.96 billion.
Profit before tax stood at ₦578.60 billion, compared to ₦603.48 billion in 2024, while tax expenses reduced to ₦41.07 billion from ₦78.17 billion, supporting overall profitability.
Profit attributable to shareholders was ₦513.42 billion, while non-controlling interests contributed ₦24.11 billion. Earnings per share closed at ₦13.56, compared to ₦15.15 a year earlier.
UBA also recorded other comprehensive income of ₦213.30 billion, bringing total comprehensive income to ₦750.83 billion, compared to ₦1.63 trillion in 2024.
The Group maintained strong fundamentals across its African and international subsidiaries, supported by balance sheet growth, reduced loan impairments, and steady income diversification.
UBA continues to strengthen its position as a leading pan-African financial institution, with operations in 20 African countries and global financial centres including London, New York, Paris, and Dubai.
