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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

UBA

UBA · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
United Bank for Africa Plc
Listing
UBA on the Nigerian Exchange, active · ISIN NGUBA0000001 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

  • Net interest income

    NGN 1.62 trillion

    1,618,339 NGN millions · p40

    +4.2% vs 2024

    Interest income less interest expense, as printed.

  • Profit / (loss) for the year

    NGN 405 billion

    404,696 NGN millions · p40

    −47.2% vs 2024

  • Total assets

    NGN 33.2 trillion

    33,173,188 NGN millions · p41

    +9.4% vs 2024

  • Customer deposits

    NGN 23.9 trillion

    23,948,907 NGN millions · p41

    +11.0% vs 2024

  • Total equity

    NGN 4.25 trillion

    4,252,942 NGN millions · p41

    +24.4% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN millions unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN millions. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Interest income 2,649,047 2,411,632
Interest income on amortised cost and FVOCI securities1 2,639,831 2,337,485
Interest income on FVTPL securities2 9,216 74,147
Interest expense (1,030,708) (859,162)
Net interest income 1,618,339 1,552,470
Impairment charge for credit losses on Loans (331,071) (216,967)
Net impairment charges on other financial assets3 1,723 (17,553)
Modification (loss)/gain on purchased or originated credit impaired4 –5 (19,045)
Net interest income after impairment on financial instru- ments6 1,288,991 1,298,905
Fees and commission income 532,947 547,406
Fees and commission expense (200,472) (214,086)
Net fee and commission income 332,475 333,320
Net trading and foreign exchange (loss)/ gain (140,568) 181,762
Other operating income 48,542 46,080
Net monetary loss on hyperinflation7 (2,162) (10,163)
Employee benefit expenses (376,268) (314,660)
Depreciation and amortisation8 (66,680) (48,608)
Other operating expenses (660,930) (682,910)
Profit before income tax 423,400 803,726
Income tax (expense)/credit (18,704) (37,158)
Profit for the year 404,696 766,568
Exchange differences on translation of foreign operations9 54,836 590,050
Net change in fair value for the year10 87,167 (161,817)
ECL on debt instruments classified as FVOCI11 513 (18,959)
Tax relating to net change in fair value for the year & ECL on debt instruments12 (8,871) 18,078
Net amount transferred to profit or loss13 (495) (2,033)
Items that will be reclassified to profit or loss (unlabelled subtotal)14 133,150 425,319
Fair value changes on equity investments designated at FVOCI15 20,254 241,818
Tax relating to net change in fair value on equity investments designated at FVOCI16 (2,025) (24,182)
Impact of adopting IAS 29 - Hyperinflationary Accounting17 2,162 125,981
Items that will not be reclassified to profit or loss (unlabelled subtotal)18 20,391 343,617
Other comprehensive profit/(loss) for the year, net of tax 153,541 768,935
Total comprehensive income for the year 558,237 1,535,503
Non-controlling interests19 31,042 23,447
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_2k2481rx2vbp.nii_after_impairment.
Notes and alternative reported figures (18)
  1. “Interest income on amortised cost and FVOCI securities” is an issuer-specific line, not mapped to a shared definition: Component of interest income (note 10).
  2. “Interest income on FVTPL securities” is an issuer-specific line, not mapped to a shared definition: Component of interest income (note 10).
  3. “Net impairment charges on other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 12b.
  4. “Modification (loss)/gain on purchased or originated credit impaired” is an issuer-specific line, not mapped to a shared definition: Note 12c.
  5. “Net interest income after impairment on financial instru- ments” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  6. “Net monetary loss on hyperinflation” is an issuer-specific line, not mapped to a shared definition: Note 16: IAS 29 net monetary loss.
  7. “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Note 18: depreciation and amortisation on one line.
  8. “Exchange differences on translation of foreign operations” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  9. “Net change in fair value for the year” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified: FVOCI debt securities.
  10. “ECL on debt instruments classified as FVOCI” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  11. “Tax relating to net change in fair value for the year & ECL on debt instruments” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  12. “Net amount transferred to profit or loss” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  13. “Items that will be reclassified to profit or loss (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Printed unlabelled subtotal.
  14. “Fair value changes on equity investments designated at FVOCI” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified.
  15. “Tax relating to net change in fair value on equity investments designated at FVOCI” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified.
  16. “Impact of adopting IAS 29 - Hyperinflationary Accounting” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 44).
  17. “Items that will not be reclassified to profit or loss (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Printed unlabelled subtotal.
  18. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Profit attributable to non-controlling interests.

Balance sheet

Balance sheet, NGN millions. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Cash and bank balances 8,952,012 8,163,668
Financial assets at fair value through profit or loss 194,652 100,687
Assets under management1 17,567 15,175
Derivative assets 1,368 188,583
Loans and advances to banks 437,526 556,072
Loans and advances to customers 7,022,394 6,954,545
- At fair value through other comprehensive income 4,518,170 4,942,037
- At amortised cost 9,909,047 7,592,468
Other assets 1,395,079 1,186,262
Investment in subsidiaries2 –3 –3
Property and equipment 448,997 416,623
Intangible assets 68,584 66,864
Deferred tax assets 207,792 140,371
TOTAL ASSETS 33,173,188 30,323,355
Deposits from banks 3,259,133 2,756,472
Deposits from customers 23,948,907 21,571,750
Derivative liabilities 124,227 33,849
Other liabilities 619,819 1,003,252
Current income tax payable 36,997 138,983
Borrowings 923,656 1,394,796
Deferred tax liability 7,507 5,614
TOTAL LIABILITIES 28,920,246 26,904,716
Share capital 22,098 17,100
Share premium 482,639 98,715
Retained earnings 1,265,537 1,425,037
Other reserves 2,351,768 1,775,713
EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT 4,122,042 3,316,565
Non-controlling interests 130,900 102,074
TOTAL EQUITY 4,252,942 3,418,639
TOTAL LIABILITIES AND EQUITY 33,173,188 30,323,355
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (2)
  1. “Assets under management” is an issuer-specific line, not mapped to a shared definition: Note 24.
  2. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 29; nil in the Group columns.

Cash flow

Cash flow, NGN millions. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Operating cash flow before changes in operating assets and liabilities (unlabelled subtotal)1 (429,144) (368,365)
Change in financial assets at FVTPL2 (93,505) (66,998)
Change in cash reserve balance with CBN3 53,183 (1,243,390)
Change in loans and advances to banks4 101,535 (249,310)
Change in loans and advances to customers5 (445,645) (1,873,693)
Change in other assets6 (3,073,886) (302,659)
Change in deposits from banks7 405,340 291,637
Change in deposits from customers8 2,571,006 6,909,369
Change in placement with banks9 64,548 (146,696)
Change in other liabilities and provisions10 (371,717) 348,642
Interest received 2,549,019 2,214,758
Interest paid on deposits from banks and customers11 (1,023,339) (558,808)
Income tax paid (197,116) (122,770)
Net cash generated from in/(used) operating activities 110,280 4,831,717
Proceeds from sale/redemption of investment securities12 596,741 3,523,881
Purchase of investment securities13 (2,343,115) (8,410,568)
Purchase of property and equipment (104,649) (102,998)
Pre-paid lease payments14 (10,313) (13,222)
Purchase of intangible assets (14,873) (19,685)
Additional investment in subsidiaries15 –16 –16
Proceeds from disposal of property and equipment 11,826 6,695
Proceeds from disposal of intangible assets17 1,412 1,514
Dividend received18 58,768 25,830
Net cash (used in)/generated from investing activities (1,804,202) (4,988,554)
Interest paid on borrowings (107,094) (133,331)
Proceeds from borrowings 470,660 825,607
Repayment of borrowings (887,071) (934,045)
Payments of principal on leases (14,484) (8,170)
Payments of interest on leases –19 (295)
Right Issues expenses20 (6,122) –19
Proceeds from capital raise via right issue21 395,045 –19
Dividend paid to shareholders (112,858) (147,058)
Net cash used in financing activities (261,925) (397,291)
Decrease in cash and cash equivalents (1,955,847) (554,128)
Effects of exchange rate changes on cash and cash equivalents 2,831,160 1,263,436
Cash and cash equivalents at beginning of year 3,936,525 3,227,218
Cash and cash equivalents at end of year 4,811,838 3,936,525
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (19)
  1. “Operating cash flow before changes in operating assets and liabilities (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Printed unlabelled subtotal: profit before income tax plus the adjustments.
  2. “Change in financial assets at FVTPL” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  3. “Change in cash reserve balance with CBN” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  4. “Change in loans and advances to banks” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  5. “Change in loans and advances to customers” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  6. “Change in other assets” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  7. “Change in deposits from banks” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  8. “Change in deposits from customers” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  9. “Change in placement with banks” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  10. “Change in other liabilities and provisions” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  11. “Interest paid on deposits from banks and customers” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 38).
  12. “Proceeds from sale/redemption of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 38).
  13. “Purchase of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 38).
  14. “Pre-paid lease payments” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 30).
  15. “Additional investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 29); nil in the Group columns.
  16. “Proceeds from disposal of intangible assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  17. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 38).
  18. “Right Issues expenses” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 39).
  19. “Proceeds from capital raise via right issue” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 39).

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)1 9.66 21.73
Profit / (loss) attributable to shareholders (NGN millions)2 373,654 743,121
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (Naira)”.
  2. Profit / (loss) attributable to shareholders: printed as “Owners of Parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid to shareholders (112,858) NGN millions Audited financial statements, p44
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid to shareholders (147,058) NGN millions Audited financial statements, p44

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • United Bank For Africa Plc 2025 Audited Financial Statements

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: Ernst & Young, unmodified opinion · signed

    Auditor's sign-off: Abiodun Akinnusi, FRC/2021/PRO/ICAN/004/00000023386, for Ernst & Young

    Final status: Independent auditor's report to the members of United Bank for Africa Plc (opinion PDF p32, image page) signed (handwritten) by Abiodun Akinnusi (FRC/2021/PRO/ICAN/004/00000023386) for Ernst & Young, Lagos, dated 17 April 2026, with the ICAN seal (PDF p39, page image). Statements approved by the board and authorised for issue on 19 February 2026 and signed (handwritten) by the chairman, the group managing director/CEO and the ED finance and risk management (PDF p41, page image).

    Document date
    17 Apr 2026
    Auditor's report
    17 Apr 2026
    Board approval
    19 Feb 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN millions (printed “In millions of Nigerian Naira”)
    • Cash and cash equivalents in the cash-flow statement (4,811,838; 2024: 3,936,525, note 22, p44) differ from 'Cash and bank balances' on the statement of financial position (8,952,012; 2024: 8,163,668, p41), which includes restricted balances with central banks. Both kept as printed.
    • The auditor's report (pp32-39) and the ICFR attestation (pp29-31) are image pages with no text layer; the opinion, signature and date were read on the page renders.
    • The board approval date printed on the statement of financial position (19 February 2026, p41) precedes the auditor's report date (17 April 2026, p39). Both kept as printed.
    • The statement of financial position is unclassified (no current/non-current subtotals) (p41).
    Technical details
    File
    206 pages, with a text layer
    SHA-256
    f740e816a3eba7ba042ef54c07a4d4ae8e5e818f34e2b8d16e2377b908fcc5e5
    Entity as printed
    United Bank for Africa Plc ("the Company") and its subsidiaries (together "the Group")
    Exchange copy
    retrieved 2026-10-08T18:01:20Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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