Sterling Financial Holdco explains delay in filing audited, Q1 results

Sterling Financial Holdings Company Plc has notified the Nigerian Exchange Limited (NGX), its shareholders, and the investing public of the delay in the filing of its Audited Financial Statements (AFS) for the year ended December 31, 2024 and by extension, its Unaudited Financial Statements for the first quarter (Q1) period ended March 31, 2025.

This year, the stock has risen by 0.89 percent according to market data as at close of trading on Tuesday May 6.

The stock price at N5.65 nears its 52-week high of N6.41 as against record 52-week low of N3.6.

The company in a statement signed by Olayinka Oni, Executive Director, Sterling Financial Holdings Company Plc said the delays in finalising the Group accounts, “is due to one of its subsidiaries, Sterling Bank Limited, being in the final stages of concluding its year-end audit with its External Auditors”.

“To this end, the Company will publish its 2024 AFS and Unaudited Financial Statements for the period ended March 31, 2025 on or before June 28, upon receipt of the requisite approvals,” the company said.

They noted that “in continuing compliance with the post-listing requirements of NGX, the previously announced closed period which commenced on January 1, 2025 will continue until 24 hours after the Audited Financial Statements for the year ended December 31, 2024 and Unaudited Financial Statements for the period ended March 31, 2025 are released on the floor of NGX”.

Consequently, directors and other insiders of Sterling Financial Holdings Company Plc are restricted from dealing in the securities of the Company during the closed period.