UBA, Zenith Bank Releases Financial Results for H1, 2025

• Nigerian banks, UBA Plc and Zenith Bank, have released their financial results for the first six months of 2025
• Both banks reported growth in profit after tax and before tax along with strong performances across key metrics
• Insights into how they achieved these results, as well as their outlook for the future, have also been provided

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

United Bank for Africa (UBA) Plc, has released its financial results for the half year ended June 30, 2025, and has revealed a strong growth across its business segments.

The audited financials, filed with the Nigerian Exchange Limited (NGX) showed growth in gross earnings and profit after tax.

UBA releases impressive half-year results

• Gross earnings rose 17.3% year-on-year to N1.608 trillion in June 2025, compared to N1.371 trillion in June 2024.
• Interest income increased by 32.9% to N1.334 trillion from N1.003 trillion.
• Total assets grew 9.7% to N33.3 trillion from N30.3 trillion in December 2024.
• Customer deposits rose 11.9% to N27.6 trillion from N24.6 trillion.
• Profit after tax advanced 6.1% to N335.5 billion from N316.4 billion in June 2024.
• Profit before tax moderated slightly to N388 billion from N401 billion.
• Shareholders’ funds expanded 23% to N4.22 trillion from N3.41 trillion.

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CEO Speaks on Performance

Commenting on the results, Oliver Alawuba, Group Managing Director/Chief Executive Officer, said:

“UBA’s first half results highlight the strength of our business and the trust our customers continue to place in us. Profit After Tax rose year-on-year to N335 billion, underscoring the resilience of our business and the success of our strategy. Phase I of our Rights Issue was successfully completed, raising N234.3 billion in capital. With Phase II underway, we remain firmly on track to meet the new capital requirements by year-end.”

Executive Director of Finance & Risk Management, Ugo Nwaghodoh, added:

“Deposits expanded by 11.9% to N27.5 trillion, supporting balance sheet growth to N33.3 trillion, while shareholders’ funds rose 23.3% to N4.22 trillion. Capital adequacy and liquidity ratios remain well above regulatory thresholds, providing buffers for continued growth.”

Zenith Bank also reports strong half-year results

Zenith Bank Plc also posted a profit before tax of N625.6 billion in H1 2025.

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The Board also approved an interim dividend of N1.25 per share, up 25% from the previous year.

• Gross earnings rose 20% year-on-year to N2.5 trillion, driven by a 60% increase in interest income to N1.8 trillion.
• Net interest income nearly doubled to N1.4 trillion, while non-interest income contributed N613 billion.
• Profit after tax stood at N532 billion, with earnings per share at N12.95.
• Total assets expanded to N31 trillion from N30 trillion in December 2024, while deposits grew 7% to N23 trillion.
• The non-performing loan ratio improved to 3.1% from 4.7%, with capital adequacy at 26% and liquidity ratio at 69%.

Group CEO Adaora Umeoji said the results reaffirm the bank’s resilience and innovative capacity, noting that Zenith remains well-positioned to deliver strong shareholder value and sustain growth through 2025.

Source: Legit.ng