NGX:STERLINGNG Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	369,556	258,818	156,102	128,434	110,975
Interest Paid on Deposits	160,667	124,012	72,718	52,042	45,191
Net Interest Income	208,889	134,806	83,384	76,392	65,784
Net Interest Income Growth (YoY)	54.95%	61.67%	9.15%	16.13%	5.85%
Income From Trading Activities	30,900	15,653	20,794	7,692	5,798
Gain (Loss) on Sale of Assets	-70	1,241	55	197	396
Other Non-Interest Income	76,114	51,108	35,972	32,808	25,147
Total Non-Interest Income	106,944	68,002	56,821	40,697	31,341
Non-Interest Income Growth (YoY)	57.27%	19.68%	39.62%	29.85%	28.54%
Revenues Before Loan Losses	315,833	202,808	140,205	117,089	97,125
Provision for Loan Losses	26,750	10,784	12,335	9,122	9,821
Revenue	289,083	192,024	127,870	107,967	87,304
Revenue Growth (YoY)	50.54%	50.17%	18.43%	23.67%	11.04%
Salaries and Employee Benefits	53,713	31,327	22,982	16,944	14,917
Occupancy Expenses	8,204	5,625	4,814	4,879	5,145
Selling, General & Administrative	80,532	68,599	21,155	14,282	32,092
Other Non-Interest Expense	55,905	40,611	56,226	51,105	20,676
Total Non-Interest Expense	198,354	146,162	105,177	87,210	72,830
EBT Excluding Unusual Items	90,729	45,862	22,693	20,757	14,474
Pretax Income	90,729	45,862	22,693	20,757	14,474
Income Tax Expense	12,095	2,187	1,109	1,459	959
Net Income	78,634	43,675	21,584	19,298	13,515
Net Income to Common	78,634	43,675	21,584	19,298	13,515
Net Income Growth	80.04%	102.35%	11.85%	42.79%	20.22%
Basic Shares Outstanding	50,075	29,018	28,790	28,790	28,790
Diluted Shares Outstanding	50,075	29,018	28,790	28,790	28,790
Shares Change (YoY)	72.56%	0.79%	-	-	-
EPS (Basic)	1.57	1.51	0.75	0.67	0.47
EPS (Diluted)	1.57	1.51	0.75	0.67	0.47
EPS Growth	4.31%	100.76%	11.90%	42.73%	20.37%
Dividend Per Share	-	0.180	-	0.150	0.100
Dividend Growth	-	-	-	50.00%	100.00%
Effective Tax Rate	13.33%	4.77%	4.89%	7.03%	6.63%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.