Stanbic IBTC Profit Rises by 49%, Hikes Interim Dividend
Stanbic IBTC Holdings Plc net income rose by 49% year on year to N173.43 billion in the first half of 2025, details from its audited financial statement posted on the Nigerian Exchange (NGX) revealed.
Details from results released on Monday showed that Stanbic IBTC Group’s gross earnings increased by 35.20% to N516.634 billion, from N382.122 billion in the comparable period in 2024. Its profit before tax increased by 65.81% to N243.744 billion from N147.002 billion in the equivalent year in 2024.
More than a 100% increase in the group’s tax charge reduced the strength of its bottom line. Income tax charges surged to N70.313 billion, 129% above N30.645 billion reported in H1-2024.
Stanbic IBTC profit after tax increased by 49.05% to N173.431 billion as against N116.357 billion posted in the comparable period in 2024.
The directors recommend the approval of an interim dividend of 250 kobo per share, 25% above 200 kobo per share paid in for the period ended 30 June 2024.
In total, the board of directors proposed N39.754 billion as interim dividends for shareholders following its impressive earnings performance. The amount is 53.40% above the total interim dividend of N25.914 billion paid in the comparative period in 2024.
Standard Bank Group holds a 67.55% equity in Stanbic IBTC Group through Stanbic Africa Holdings Limited.# Stanbic IBTC Profit Rises by 49%, Declares Higher Interim Dividend CBN Exposes Dollar Accounts to Exchange Rate Risks
