UBA Reports Mixed H1 2025 Results, Net Profit Up Despite Expense Rise
United Bank for Africa (UBA) has reported a mixed bag of results for the first half of 2025. While post-tax profit improved, pre-tax profit fell due to increased operating expenses. The bank's interest expenses climbed, but net interest income still grew significantly.
UBA's net interest income rose by 14.59% to N773 billion, despite interest expenses climbing to N560.6 billion. This is a slight decline from the N401.5 billion recorded in the same period last year. The bank's interest income, however, surged by 32.89% to N1.3 trillion, up from N1 trillion in H1 2024.
Net fees and commission income also increased modestly to N147 billion. Despite a 3.28% fall in pre-tax profit to N388.4 billion due to higher operating expenses, post-tax profit improved by 6.06% to N335.5 billion, aided by a drop in income taxes. Net interest income after impairment stood at N741 billion, up from N614.4 billion.
UBA's total assets grew to N33.2 trillion, and retained earnings rose by 12.85% to N1.6 trillion. The directors proposed an interim dividend of 25 kobo per share for the period ended 30 June 2025. Despite the challenges, UBA's net interest income and post-tax profit showed significant improvements, reflecting the bank's resilience.
