United Bank for Africa Balance Sheet

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	Mar '26 Mar 31, 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
Cash & Equivalents	-	3,405,208	3,804,463	2,953,944	1,131,025	785,910
Investment Securities	-	16,055,206	12,648,721	6,859,300	4,120,160	3,212,660
Trading Asset Securities	-	196,020	289,270	532,673	54,793	46,436
Total Investments	-	16,251,226	12,937,991	7,391,973	4,174,953	3,259,096
Gross Loans	-	8,018,813	7,846,301	5,794,179	3,525,639	2,933,574
Allowance for Loan Losses	-	-558,893	-335,684	-244,598	-85,511	-99,010
Net Loans	-	7,459,920	7,510,617	5,549,581	3,440,128	2,834,564
Property, Plant & Equipment	-	448,997	416,623	267,146	208,039	178,117
Goodwill	-	46,667	45,571	29,303	14,830	11,131
Other Intangible Assets	-	21,917	21,293	14,552	18,638	19,319
Other Receivables	-	1,078,930	1,136,006	662,654	226,824	128,922
Restricted Cash	-	3,876,770	3,929,953	2,686,564	1,283,163	969,869
Other Current Assets	-	360,326	366,096	553,382	314,612	293,170
Long-Term Deferred Tax Assets	-	207,792	140,371	9,741	23,603	43,329
Other Long-Term Assets	-	15,435	14,371	534,357	21,756	17,891
Total Assets	-	33,173,188	30,323,355	20,653,197	10,857,571	8,541,318
Accrued Expenses	-	154,351	156,633	81,735	51,497	30,767
Interest Bearing Deposits	-	12,440,916	10,295,285	7,873,376	4,466,977	3,238,472
Non-Interest Bearing Deposits	-	14,767,124	14,032,937	9,482,345	4,528,152	3,784,928
Total Deposits	-	27,208,040	24,328,222	17,355,721	8,995,129	7,023,400
Short-Term Borrowings	-	556,114	660,086	418,973	256,753	21,739
Current Portion of Long-Term Debt	-	-	-	24,591	8	111,690
Current Portion of Leases	-	4,802	26,070	8,760	5,756	882
Current Income Taxes Payable	-	36,997	138,983	42,671	20,281	21,415
Other Current Liabilities	-	363,499	476,653	92,864	49,690	42,906
Long-Term Debt	-	491,769	768,559	417,061	279,054	322,441
Long-Term Leases	-	67,373	45,806	21,794	14,321	15,878
Long-Term Unearned Revenue	-	4,932	6,134	4,775	902	1,305
Long-Term Deferred Tax Liabilities	-	7,507	5,614	50,805	959	19,617
Other Long-Term Liabilities	-	24,862	291,956	103,252	261,117	124,471
Total Liabilities	-	28,920,246	26,904,716	18,623,002	9,935,467	7,736,511
Common Stock	-	22,098	17,100	17,100	17,100	17,100
Additional Paid-In Capital	-	482,639	98,715	98,715	98,715	98,715
Retained Earnings	-	2,051,626	1,790,830	1,194,767	641,126	509,590
Comprehensive Income & Other	-	1,565,679	1,409,920	651,580	130,356	150,769
Total Common Equity	4,122,042	4,122,042	3,316,565	1,962,162	887,297	776,174
Minority Interest	-	130,900	102,074	68,033	34,807	28,633
Shareholders' Equity	4,252,942	4,252,942	3,418,639	2,030,195	922,104	804,807
Total Liabilities & Equity	-	33,173,188	30,323,355	20,653,197	10,857,571	8,541,318
Total Debt	1,047,883	1,120,058	1,500,521	891,179	555,892	472,630
Net Cash (Debt)	8,100,149	4,151,204	3,022,464	3,024,427	769,367	422,721
Net Cash Growth	53.98%	37.34%	-0.07%	293.11%	82.00%	25.63%
Net Cash Per Share	194.74	107.36	88.38	88.44	22.50	12.36
Filing Date Shares Outstanding	47,146	44,196	34,199	34,199	34,199	34,199
Total Common Shares Outstanding	47,146	44,196	34,199	34,199	34,199	34,199
Book Value Per Share	100.17	93.27	96.98	57.37	25.94	22.70
Tangible Book Value	4,053,458	4,053,458	3,249,701	1,918,307	853,829	745,724
Tangible Book Value Per Share	98.50	91.72	95.02	56.09	24.97	21.81

Source: S&P Global Market Intelligence. Banks template. Financial Sources.