Stanbic IBTC Falls by 5.4% after AFS Delay Hint

Stanbic IBTC Falls by 5.4% after AFS Delay Hint

Stanbic IBTC Plc lost about  5.4% of its market value as investor sentiment deteriorated, with the non-operating holding company hinting that its audited results would be delayed. 

According to trading data, Stanbic IBTC’s share price dropped to N122 as investors trimmed their holdings amidst fluctuating trading volume.

The bank’s share price declined in one out of five trading sessions, reflecting thin trading activities due to large holdings by its parent company.

The financial services company is 68.46% owned by Stanbic Africa Holdings Limited, which is incorporated in the United Kingdom. The ultimate parent and controlling party of the group company is Standard Bank Group Limited, incorporated in South Africa.

At the close of the trading session on Friday, the market value of Stanbic IBTC Plc’s 15.901 billion outstanding shares declined to N1.940 trillion, a 5% discount to its 52-week high on NGX.

Stanbic IBTC grew its profit by 69% year-on-year to N380.796 billion in 2025, the group said in its unaudited financial statements made available on the Nigerian Exchange platform.

In a statement, the group told the Nigerian Exchange Limited it may experience a delay in filing its Audited Financial Statements (AFS) for the year ended 31 December 2025, by the due date of 31 March 2026. 

Stanbic IBTC said it is currently finalising the audit of its 2025 financial statements and will then seek the required regulatory approvals. 

“We are working diligently to ensure that our Company’s 2025 AFS is submitted to NGX as soon as we have received all required regulatory approvals, and this may occur before or shortly after the regulatory due date of 31 March 2026”, the group told the Nigerian Exchange. First Holdco Rises by 12%, Reaches N2.4trn