Sterling Financial Holdings Company Plc has projected gross earnings of N121.81bn for the first quarter ending March 31, 2025.

In a notice filed on the Nigeria Exchange Limited recently, the projection includes an expected interest income of N89.27bn and interest expenses of N34.82bn, resulting in a net revenue from funds of N54.45bn.

The company also anticipates credit impairment charges of N16.84bn, with no exceptional items during the period.

Other income for the quarter is projected at N28.37bn, bringing the forecasted net operating income to N65.98bn. Operating expenses are expected to hit N53.29bn, leaving a profit before tax of N12.69bn. After accounting for a forecasted tax of N1.05bn, the company expects a profit after tax of N11.64bn.

Sterling’s cash flow projections reveal that the company anticipates N50.93bn from investing activities and N64.36bn from financing activities during the quarter. Net cash generated from operating activities is forecasted at N5.58bn.

The company’s net cash and cash equivalents are expected to increase by N7.84bn, with a cash/bank balance projected to grow from N458.11bn at the start of the period to N465.95bn by the end of March 2025.

This projection underscores Sterling Financial Holdings’ strategic focus on sustainable growth and robust financial management in 2025.

The PUNCH reported that Sterling Financial Holdings reported a profit after tax of N16.26bn for the first half of the year, a 52.3 per cent increase compared to N10.68bn in the same period last year.

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