Lagos, Nigeria - Sterling Financial Holdings Company Plc Sterling HoldCo says it is on track to sustain its growth momentum into the final quarter of 2025, projecting gross earnings of ?149.27 billion for the period ending December 31.
The projection follows a strong first-half performance in which profit after tax surged by 157 percent, gross earnings rose 39.7 percent to ?212.61 billion, and earnings per share grew to 89 kobo from 56 kobo.
According to a filing on the Nigerian Exchange, Sterling HoldCo expects ?116.73 billion in interest income and ?42.88 billion in interest expenses, delivering ?73.85 billion in net revenue from funds. Credit impairment charges are projected at ?16.84 billion, while other income is estimated at ?28.37 billion, bringing net operating income to ?85.37 billion.