United Capital Plc has released its unaudited financial results for the half year ended June 30, 2025, posting robust growth across key performance indicators and rewarding shareholders with an interim dividend of ₦5.4 billion.
The investment services group reported a 57% year-on-year increase in gross earnings to ₦23.76 billion, compared to ₦15.15 billion in the same period of 2024.
Profit before tax climbed 52% to ₦13.79 billion, while profit after tax advanced 54% to ₦11.89 billion. Shareholders’ funds expanded by 25% year-to-date to ₦166.91 billion, reinforcing the company’s strong capital base.
Key Financial Performance
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Gross Earnings: ₦23.76 billion in H1 2025 vs. ₦15.15 billion in H1 2024 (+57%).
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Profit Before Tax: ₦13.79 billion vs. ₦9.06 billion (+52%).
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Profit After Tax: ₦11.89 billion vs. ₦7.74 billion (+54%).
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Shareholders’ Funds: ₦166.91 billion vs. ₦133.50 billion in FY 2024 (+25%).
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Total Assets: ₦1.59 trillion compared to ₦1.70 trillion as at December 31, 2024 (-7%).
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Earnings Per Share: 132 kobo (annualised) vs. 86 kobo (+54%).
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Return on Equity: 15.83% vs. 13.80% (+15%).
The company also declared an interim dividend of 30 kobo per 50 kobo ordinary share, amounting to a total payout of ₦5.4 billion.
CEO’s Comment
Commenting on the results, Group Chief Executive Officer, Mr. Peter Ashade, expressed confidence in the company’s trajectory.
“United Capital Plc ended the first half of the year on a strong and positive note, continuing our track record of excellence and strong financial performance despite the prevailing macroeconomic challenges. Gross earnings rose 57% to ₦23.76 billion, profit before tax grew by 52% to ₦13.79 billion, and profit after tax advanced by 54% to ₦11.89 billion. These results reflect the resilience of our business model, the dedication of our people, and the effective execution of our strategy across business lines.”
He added that the company remains firmly committed to delivering superior returns to shareholders and maintaining its leadership in the Pan-African investment services space.
Balance Sheet Highlights
United Capital’s total assets stood at ₦1.59 trillion as of June 30, 2025, down from ₦1.70 trillion at the end of 2024, driven by a 22% decline in investment securities.
However, cash and cash equivalents surged 43% to ₦481.86 billion, up from ₦337.01 billion. Total liabilities dropped by 9% to ₦1.42 trillion with reductions in borrowed funds and other liabilities, while managed funds increased 10% year-to-date to ₦932.27 billion.
Strategic Outlook
United Capital Plc said it remains focused on expanding its Pan-African presence while driving innovation across investment banking, securities trading, asset management, trusteeship, wealth management, and consumer lending.
The Group has scheduled an investor and analysts’ conference call for August 6, 2025, to discuss its H2 2025 outlook.
United Capital, listed on the Nigerian Exchange since 2013, is the first investment bank to be listed on the NGX and continues to set the pace as a Pan-African leader in financial and investment services.
