Lagos, sept 18 – The United Bank for Africa (UBA) PLC has reported a mix of positive and negative financial outcomes for the period ended June 30, 2025, according to its recently released financial statement on Thursday. While the Group saw a significant increase in its after-tax profit, it also experienced a decline in its pre-tax profit and proposed a much smaller interim dividend compared to the previous year.
Financial Performance
The Group’s profit before tax decreased to N388.413 billion Naira from N401.577 billion in June 2024. However, profit after tax for the commercial bank saw a substantial increase, rising to N335.532 billion from N316.360 billion in June 2024. In contrast, the Bank’s standalone profit after tax was N131.094 billion. The Group’s basic and diluted earnings per share were N8.86, a slight decrease from N8.90 in the prior year.
Dividends and Shareholding
The board of directors proposed an interim dividend of N0.25 per share, a significant drop from the N2.00 per share paid out in June 2024. The proposed pay-out ratio stands at 7.83%, with a yield of 1.4%. The report also highlighted that no single shareholder holds more than 5% of the share capital, with the exceptions of Heirs Holdings Limited and UBA Nominees, which hold 5.15% and 6.27% respectively. UBA’s share price saw an increase of 4.12% during the period, closing at N35.40 at the end of June 2025.
