NGX:STERLINGNG Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	458,437	367,073	258,818	156,102	128,434	110,975
Interest Paid on Deposits	186,925	158,417	124,012	72,718	52,042	45,191
Net Interest Income	271,512	208,656	134,806	83,384	76,392	65,784
Net Interest Income Growth	46.86%	54.78%	61.67%	9.15%	16.13%	5.85%
Income From Trading Activities	20,709	22,182	15,653	20,794	7,692	5,798
Gain (Loss) on Sale of Assets	-	-	1,272	55	197	396
Other Non-Interest Income	104,345	80,962	51,077	35,972	32,808	25,147
Total Non-Interest Income	125,054	103,144	68,002	56,821	40,697	31,341
Non-Interest Income Growth	26.00%	51.68%	19.68%	39.62%	29.85%	28.54%
Revenues Before Loan Losses	396,566	311,800	202,808	140,205	117,089	97,125
Provision for Loan Losses	65,118	32,922	10,784	12,335	9,122	9,821
Revenue	331,448	278,878	192,024	127,870	107,967	87,304
Revenue Growth	21.67%	45.23%	50.17%	18.43%	23.67%	11.04%
Salaries and Employee Benefits	67,397	53,748	31,327	22,982	16,944	14,917
Occupancy Expenses	8,194	8,217	5,625	4,814	4,879	5,145
Selling, General & Administrative	27,123	20,748	27,522	21,155	14,282	32,092
Other Non-Interest Expense	116,607	110,360	85,371	56,226	51,105	20,676
Total Non-Interest Expense	219,321	193,073	149,845	105,177	87,210	72,830
EBT Excluding Unusual Items	112,127	85,805	42,179	22,693	20,757	14,474
Pretax Income	112,127	85,805	42,179	22,693	20,757	14,474
Income Tax Expense	22,718	9,471	-1,496	1,109	1,459	959
Net Income	89,409	76,334	43,675	21,584	19,298	13,515
Net Income to Common	89,409	76,334	43,675	21,584	19,298	13,515
Net Income Growth	13.86%	74.78%	102.35%	11.85%	42.79%	20.22%
Basic Shares Outstanding	6,344	5,008	2,902	2,879	2,879	2,879
Diluted Shares Outstanding	6,344	5,008	2,902	2,879	2,879	2,879
Shares Change	44.60%	72.56%	0.79%	-	-	-
EPS (Basic)	14.09	15.24	15.05	7.50	6.70	4.69
EPS (Diluted)	14.06	15.20	15.05	7.50	6.70	4.69
EPS Growth	-21.45%	0.99%	100.76%	11.90%	42.73%	20.37%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Dividend Per Share	-	-	1.800	-	1.500	1.000
Dividend Growth	-	-	-	-	50.00%	100.00%
Effective Tax Rate	20.26%	11.04%	-	4.89%	7.03%	6.63%