Sterling Financial Holdings Company Plc (NGX:STERLINGNG)

NGX:STERLINGNG Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	799,503	659,493	391,875	222,652	221,854	95,607
Investment Securities	850,443	649,284	495,791	376,748	289,028	256,754
Trading Asset Securities	55,147	27,491	2,388	1,728	10,237	1,454
Total Investments	905,590	676,775	498,179	378,476	299,265	258,208
Gross Loans	1,256,725	1,141,444	926,466	758,183	726,080	613,359
Allowance for Loan Losses	-39,514	-37,474	-30,644	-20,448	-14,180	-16,532
Net Loans	1,217,211	1,103,970	895,822	737,735	711,900	596,827
Property, Plant & Equipment	79,326	69,080	41,090	26,255	25,080	24,275
Other Intangible Assets	3,353	3,263	721	950	1,081	1,582
Investments in Real Estate	2,605	4,036	4,790	5,584	6,918	8,004
Other Receivables	273,208	153,905	221,942	149,907	93,737	37,526
Restricted Cash	724,734	777,087	447,677	295,295	243,869	228,791
Other Current Assets	34,936	29,431	6,978	10,608	6,018	6,016
Long-Term Deferred Tax Assets	33,348	33,348	9,507	7,005	6,971	6,971
Other Long-Term Assets	17,750	31,552	12,511	23,525	12,436	35,268
Total Assets	4,091,564	3,541,940	2,531,092	1,857,992	1,629,129	1,299,075
Interest Bearing Deposits	1,331,524	1,072,877	800,356	668,796	605,623	416,032
Non-Interest Bearing Deposits	1,686,692	1,494,999	1,042,459	696,187	618,698	556,092
Total Deposits	3,018,216	2,567,876	1,842,815	1,364,983	1,224,321	972,124
Short-Term Borrowings	2,077	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	9,275	-	1,666
Current Portion of Leases	-	-	-	-	41	-
Current Income Taxes Payable	8,002	3,382	1,468	1,607	1,018	551
Long-Term Debt	298,580	247,890	242,644	166,383	158,777	126,975
Long-Term Leases	1,751	1,800	134	295	19	114
Long-Term Deferred Tax Liabilities	20,330	20,330	1,927	-	-	-
Other Long-Term Liabilities	337,081	395,503	258,500	161,451	103,462	61,892
Total Liabilities	3,686,037	3,236,781	2,347,488	1,703,994	1,487,638	1,163,322
Common Stock	26,059	22,729	14,395	14,395	14,395	14,395
Additional Paid-In Capital	130,918	108,292	42,759	42,759	42,759	42,759
Retained Earnings	198,730	145,813	102,138	84,873	73,023	60,948
Comprehensive Income & Other	49,820	28,325	24,312	11,971	11,314	17,651
Shareholders' Equity	405,527	305,159	183,604	153,998	141,491	135,753
Total Liabilities & Equity	4,091,564	3,541,940	2,531,092	1,857,992	1,629,129	1,299,075
Total Debt	302,408	249,690	242,778	175,953	158,837	128,755
Net Cash (Debt)	552,242	437,294	151,485	48,427	73,254	-31,694
Net Cash Growth	178.25%	188.67%	212.81%	-33.89%	-	-
Net Cash Per Share	12.98	15.07	5.26	1.68	2.54	-1.10
Filing Date Shares Outstanding	52,117	45,457	28,790	28,790	28,790	28,790
Total Common Shares Outstanding	52,117	45,457	28,790	28,790	28,790	28,790
Book Value Per Share	7.78	6.71	6.38	5.35	4.91	4.72
Tangible Book Value	402,174	301,896	182,883	153,048	140,410	134,171
Tangible Book Value Per Share	7.72	6.64	6.35	5.32	4.88	4.66

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.