UBA reports N204.27bn pre-tax profit for Q1 2025, up 30.65% year-on-year

United Bank for Africa Plc (UBA) has announced a strong financial performance for the first quarter ended March 31, 2025, with impressive growth across key indicators.

According to the bank’s unaudited financial results, UBA posted a pre-tax profit of N204.27 billion, marking a 30.65 per cent increase compared to N156.31 billion recorded in the same period of 2024.

Net profit also recorded substantial growth, as profit after tax rose by 33.15% year-on-year, reaching N189.84 billion in Q1 2025, up from N142.58 billion achieved in the first quarter of the previous year.

The report further revealed that interest income continued to be a major driver of the bank’s earnings, surging by 36.09% year-on-year to N599.83 billion.

This growth underscores UBA’s ability to navigate the challenging macroeconomic environment while capitalizing on rising interest rates and expanding its loan portfolio.

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The management of UBA noted that the strong performance was fueled by a combination of strategic growth initiatives, disciplined cost management, and an unwavering focus on customer service.

UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a statement accompanying the results, expressed optimism about the bank’s future performance. He emphasized that the first quarter’s outcome reflected the bank’s commitment to delivering sustainable value to shareholders and maintaining its position as one of Africa’s leading financial institutions.

“The growth achieved across all key metrics demonstrates the resilience of our diversified business model and the strength of our balance sheet. We remain committed to supporting economic growth across our markets while delivering superior returns to our stakeholders,” Alawuba said.

With operations spanning 20 African countries, as well as the United States, the United Kingdom, France, and the UAE, UBA continues to solidify its status as a pan-African financial powerhouse, leveraging technology, innovation, and strong risk management practices to drive growth.

The first quarter results set a positive tone for the rest of 2025, positioning the bank for another year of strong financial performance.