Stanbic IBTC Holdings Plc’s eight subsidiaries with individually reported monetary outcomes generated a mixed profit earlier than tax of roughly N113.37 billion in the 9 months ended September 30, 2026.
The subsidiaries recorded a mixed whole revenue of N175.80 billion and profit after tax of N75.05 billion, though Zest Payment Services reported a loss through the interval.
The outcomes spotlight the contribution of the group’s specialist financial-services companies past its banking operations.
Pension Managers recorded the best profit earlier than tax at N52.58 billion, adopted by Asset Management at N41.34 billion and Capital at N14.32 billion. These three companies accounted for many of the mixed pre-tax profit of the eight subsidiaries reviewed.
Combined efficiency of the subsidiaries
For the eight subsidiaries with disclosed figures, mixed whole revenue was roughly N175.80 billion, profit earlier than tax was N113.37 billion, and profit after tax was N75.05 billion in the 9 months to September 2026.
- Pension Managers, Asset Management and Capital generated a mixed profit earlier than tax of roughly N108.25 billion. This represents the majority of the eight subsidiaries’ mixture pre-tax earnings. Their efficiency due to this fact had a major affect on the general outcome.
- The different companies contributed smaller quantities individually. Stockbrokers recorded N2.41 billion in pre-tax profit, Insurance Brokers generated N1.62 billion, Trustees reported N1.23 billion, and Ventures recorded N549 million. Zest Payment Services posted a pre-tax lack of N683 million.
Combined profit after tax was decrease than profit earlier than tax, reflecting the tax fees recorded by a number of subsidiaries. The distinction shouldn’t be interpreted as a single tax fee throughout the companies as a result of their particular person tax positions differ.
Stanbic IBTC Pension Managers Limited
Pension Managers was the most important profit contributor among the many subsidiaries reviewed. It generated whole revenue of N87.10 billion, profit earlier than tax of N52.58 billion, and profit after tax of N34.87 billion.
Non-interest income contributed N77.36 billion, whereas internet curiosity revenue stood at N9.75 billion. This revenue combine exhibits that the enterprise relied predominantly on non-interest income, in step with its pension-management actions.
Operating bills had been N34.53 billion, together with employees prices of N13.21 billion. Despite these prices, the corporate recorded pre-tax profit exceeding N50 billion.
Stanbic IBTC Asset Management Limited
Asset Management recorded whole revenue of N54.29 billion, profit earlier than tax of N41.34 billion, and profit after tax of N27.23 billion.
- Non-interest income accounted for N51.80 billion of its revenue, whereas internet curiosity revenue contributed N2.49 billion. The subsidiary’s revenue was due to this fact generated from non-interest sources.
- Operating bills stood at N12.95 billion, together with employees prices of N8.24 billion. The firm recorded a optimistic pre-tax results of N41.34 billion, making it the second-largest profit contributor among the many subsidiaries reviewed.
Asset Management’s efficiency highlights the earnings contribution of funding, portfolio, and fund-management actions throughout the group. Its substantial non-interest income is in step with a enterprise mannequin in which administration and administration charges kind an necessary a part of revenue.
Stanbic IBTC Capital Limited
Capital recorded whole revenue of N23.26 billion, profit earlier than tax of N14.32 billion and profit after tax of N9.46 billion.
Non-interest income contributed N19.50 billion, whereas internet curiosity revenue amounted to N3.76 billion. Operating bills had been N8.94 billion, together with employees prices of N5.71 billion.
Stanbic IBTC Stockbrokers Limited
Stockbrokers generated whole revenue of N4.03 billion and recorded profit earlier than tax of N2.41 billion, with profit after tax of N1.99 billion.
Non-interest income amounted to N3.64 billion, in contrast with internet curiosity revenue of N395 million. Operating bills had been N1.63 billion, together with employees prices of N869 million. Credit impairment fees had been N2 million.
The firm remained worthwhile, with most of its revenue coming from non-interest sources. Its absolute profit contribution was significantly smaller than these of Pension Managers, Asset Management and Capital, nevertheless it added positively to the mixed outcome.
Stanbic IBTC Insurance Brokers Limited
Insurance Brokers recorded whole revenue of N3.13 billion, profit earlier than tax of N1.62 billion, and profit after tax of N727 million.
Non-interest income contributed N2.50 billion, whereas internet curiosity revenue amounted to N634 million. Operating bills had been N1.51 billion, together with employees prices of N829 million.
The hole between pre-tax and post-tax profit was notable. A reported tax expense of N891 million decreased the N1.62 billion pre-tax profit to N727 million after tax.
Stanbic IBTC Trustees Limited
Trustees generated whole revenue of N2.26 billion, profit earlier than tax of N1.23 billion, and profit after tax of N848 million.
Non-interest income was N2.03 billion, whereas internet curiosity revenue contributed N237 million. Operating bills stood at N1.04 billion, and credit score impairment fees amounted to N35 million.
Stanbic IBTC Ventures Limited
Ventures recorded whole revenue of N597 million and profit earlier than tax of N549 million. Profit after tax was N619 million.
The firm reported N535 million in non-interest income and N62 million in internet curiosity revenue. Operating bills had been N48 million, whereas a tax credit score of N70 million resulted in post-tax profit exceeding pre-tax profit.
Zest Payment Services Limited
Zest generated whole revenue of N1.13 billion however recorded a loss earlier than tax of N683 million and a loss after tax of N698 million.
- Its non-interest income amounted to N887 million, whereas internet curiosity revenue was N239 million. Operating bills reached N1.81 billion, exceeding whole revenue for the interval. Staff prices had been N940 million.
- Zest was the one one of many eight subsidiaries to report a pre-tax loss. Its value base exceeded its revenue, ensuing in a adverse contribution to the mixed pre-tax outcome.
Stanbic IBTC Nominees Limited is recognized in the monetary statements as an oblique subsidiary, however its whole revenue, profit earlier than tax and profit after tax usually are not individually disclosed in the subsidiary abstract.
Group monetary assertion
Stanbic IBTC Holdings Plc reported a 35.05% year-on-year enhance in group profit earlier than tax to N531.88 billion for the 9 months ended September 30, 2026, in contrast with N393.84 billion in the corresponding interval of 2025.
In the third quarter alone, pre-tax profit elevated by 26.80% to N190.31 billion from N150.09 billion in Q3 2025.
