By David Akinmola
Sterling Financial Holdings Company Plc (Sterling HoldCo) has projected gross earnings of N149.27 billion for the fourth quarter ending December 31, 2025, to sustain the growth momentum recorded in the first half of the year.
The group, in a filing on the Nigerian Exchange (NGX), said it expects profit after tax to close at N16.25 billion for the period, supported by stronger operating income and disciplined cost management.
Sterling HoldCo had earlier reported a 157 per cent rise in profit after tax in the first half of 2025, with gross earnings climbing 39.7 per cent to N212.61 billion. Earnings per share also rose to 89 kobo from 56 kobo, reinforcing what the company described as a strong year-to-date trajectory that has boosted investor confidence in its long-term outlook.
For Q4, the group projects interest income of N116.73 billion and interest expenses of N42.88 billion, resulting in net revenue from funds of N73.85 billion. Credit impairment charges are estimated at N16.84 billion, while other income is expected to contribute N28.37 billion, bringing net operating income to N85.37 billion.
Operating expenses are forecast at N67.24 billion, leaving profit before tax at N18.13 billion. After accounting for a projected tax charge of N1.88 billion, profit after tax is expected to close at N16.25 billion.
On its balance sheet outlook, Sterling HoldCo anticipates N13.56 billion in net cash from operating activities, N266.16 billion in financing inflows and N187.93 billion from investing activities. This is projected to deliver a net increase of N91.79 billion in cash and cash equivalents, with the group’s cash and bank balances closing at N549.9 billion, up from N458.11 billion at the start of the quarter.
The group said the forecast reflects a continuation of its strong performance this year, anchored on cost discipline, diversified income streams, and prudent balance sheet growth.
Beyond the numbers, Sterling HoldCo stressed that its financial strength would enable it to channel resources into supporting key growth sectors of the Nigerian economy, investing in innovation, and creating long-term value for shareholders and communities.
It added that its liquidity position and ability to generate strong operating cash flows provide resilience, positioning the group to deepen participation in the country’s growth sectors while driving innovation and economic progress.
The group, however, cautioned that the projections are forward-looking and subject to changes in market conditions and regulatory developments.
