The financial services group disclosed the forecast in a filing to the Nigerian Exchange, noting that the projection reflects its commitment to sustaining growth momentum after a robust first-half showing. Sterling HoldCo had earlier reported a 157 per cent surge in profit after tax and a 39.7 per cent rise in gross earnings to N212.61bn for the first six months of the year. Earnings per share also strengthened, climbing to 89 kobo from 56 kobo within the period.
Breaking down the outlook for the fourth quarter, the company anticipates interest income of N116.73bn against interest expenses of N42.88bn, which will deliver net revenue from funds of N73.85bn. Credit impairment charges are expected to stand at N16.84bn, while other income is projected at N28.37bn, bringing net operating income to N85.37bn.
Operating expenses are estimated at N67.24bn, leaving a profit before tax of N18.13bn. After a projected tax outlay of N1.88bn, profit after tax is expected to close the quarter at N16.25bn.
In its statement, the company explained that the forecast builds on earlier gains and demonstrates resilience in the face of economic headwinds. “These forecasts build on the Group’s performance earlier in the year, reflecting the continuation of this momentum, supported by a disciplined focus on cost management, diversified income streams, and prudent balance sheet growth,” Sterling HoldCo said.
The company’s outlook adds to growing optimism around its capacity to navigate Nigeria’s volatile macroeconomic environment while consolidating its position in the financial services sector.