Lagos, Nigeria – Stanbic IBTC Holdings Plc has indicated it may experience a delay in filing its Audited Financial Statements for the year ended December 31, 2025, with the Nigerian Exchange Limited, attributing the potential hold-up to finalising the audit and securing necessary regulatory approvals.
Okay News reports that the group stated efforts are underway to complete the process and file the results as soon as the necessary approvals are obtained, either before or shortly after the March 31, 2026 deadline. The notice comes after the company reported a pre-tax profit of N551.7 billion (approximately $406 million) in its unaudited results, up 81.6 percent year-on-year, driven mainly by strong interest income.
A review of Stanbic’s 2025 unaudited performance shows strong topline growth, with interest income rising 38.9 percent to N787.05 billion, representing 88 percent of the bank’s gross earnings. This was mainly supported by a 60 percent increase in loans and advances to customers and banks, which climbed to N3.84 trillion and contributed 59 percent of total interest income. Despite a 29.5 percent increase in interest expenses to N202.04 billion due to higher customer deposits, net interest income remained substantial at N585 billion, up 43 percent.
Fee and commission income rose 38.3 percent to N257.77 billion, supported by stronger digital and transactional activity, while trading income reached N76.9 billion. On the balance sheet, total assets grew 24.7 percent to N8.62 trillion, with loans and advances to customers contributing the highest at N2.3 trillion. Equity expanded sharply by 67.6 percent to N1.12 trillion, driven by increases in share premium and reserves.
Stanbic IBTC is up 22 percent year-to-date on the Nigerian Exchange as of February 25, currently priced at N122 per share. The stock broke N100 in July 2025 and hit a high of N112 in October before a decline brought the price back to N100. Dip-buying investors pushed the price to N108 in January, and trading activity surged between January and February as the stock broke its October resistance. The company was highlighted among banks meeting capital thresholds in a November 2025 report.
The company stated that any inquiries regarding the audited financial statements should be directed to the Group Company Secretary or Head of Investor Relations. Regulatory approval will be required from the Central Bank of Nigeria, Securities and Exchange Commission, and Nigerian Exchange before submission. The filing may occur before or shortly after the March 31 deadline as the company works to complete its financial statements and obtain all necessary clearances.
