United Bank for Africa (UBA) Plc has released its audited financial results for the year ended December 31, 2025, reporting gross earnings of N3 trillion.
The bank posted a profit after tax of N404.7 billion, lower than the N804 billion recorded in 2024.
The result was affected by loan loss provisions and fair value losses on derivatives during the year.
Interest income rose to N2.649 trillion, while interest expense stood at N1.031 trillion.
Net interest income was N1.618 trillion.
After impairment charges of N331.1 billion, net interest income fell to N1.289 trillion.
Net fee and commission income was N332.5 billion.
The bank said loan provisions of N331 billion and fair value losses of N227 billion affected profit.
It added that efforts are ongoing to recover some of the affected loans, with any recoveries expected to reflect in future earnings.
Total assets increased to N33.2 trillion, while customer deposits rose to N27.2 trillion.
Shareholders’ funds stood at N4.25 trillion, with a capital adequacy ratio of 23.2 percent.
The bank’s operations outside Nigeria contributed over half of its total assets, revenue and profit.
Profit from foreign operations rose to N312 billion from N223 billion.
West Africa recorded a 53 percent increase in profit, while East and Central Africa grew by 61 percent.
Loans and advances to customers stood at N7.022 trillion, while investment in securities rose to N14.427 trillion.
The bank said it expects improved earnings in 2026 as recoveries from loan exposures continue and operations expand across its markets.
The board did not propose a final dividend for 2025. Total dividend for the year stood at N0.25 per share, compared to N5.00 per share in 2024.
