UBA Gives Shareholders 25 Kobo Interim Dividend After N335.5bn HY’25 PAT

By Dipo Olowookere

United Bank for Africa (UBA) Plc has announced an interim dividend of 25 Kobo for the first half of 2025, to be paid on Friday, October 10 to shareholders whose names appear in the register of members as of the close of business on Friday, October 03, 2025.

The company revealed the decision of its board on the cash reward proposal after it released its financial statements for the first half of this year to the Nigerian Exchange (NGX) Limited on Thursday.

Analysis of the results by Business Post showed that the lender suffered a contraction in profit before tax in the period ended June 30, 2025, by 3.29 per cent to N388.4 billion from the N401.6 billion recorded in the same period of last year.

However, lower tax payment this period helped UBA to post a 6.04 per cent growth in net profit of N335.5 billion versus the N316.4 billion achieved in the first six months of 2024.

In the first of the two halves of this year, UBA improved its gross earnings by 17.29 per cent to N1.608 trillion from the N1.371 trillion recorded in the same period of 2024.

A breakdown of the earnings showed that the firm earned N1.334 trillion from interest income compared with the N1.004 trillion from the income stream a year earlier, with the net interest income standing at N773.0 billion as of June 30, 2025, versus N674.6 billion as of June 30, 2024.

In the period under consideration, the fees and commission income stood at N253.6 billion compared with N250.6 billion, while fees and commission expense stood at N106.6 billion, in contrast to N105.5 billion in the same period of last year.

A look at its balance sheet showed that loans to were about N7.212 trillion in the first six months 2025 from N6.955 trillion as of December 2024, with deposits from customers at N24.188 trillion in the period under review versus N21.895 trillion in December 2024, reflecting the confidence customers have in the company.

UBA’s total assets stood at N33.269 trillion as of June 30, 2025, versus N30.323 trillion in December 2024, while its total liabilities stood N29.052 trillion in the period under consideration compared with N26.905 trillion in December 2024, as its total equity as of June 30, 2025, stood at N4.216 trillion, in contrast to the N3.419 trillion recorded as of December 31, 2024.