United Capital Plc posted a ₦21.17 billion profit after tax for the nine months ended September 30, 2025, a 32 percent growth from ₦15.98 billion recorded in the corresponding period of 2024.
Gross earnings rose 47 percent to ₦41.54 billion from ₦28.17 billion posted in 2024, driven by higher investment income, strong trading gains, and increased fee and commission income across its business segments.
Investment income grew 34 percent to ₦11.32 billion, while fee and commission income advanced 57 percent to ₦16.54 billion. Net trading income increased sharply to ₦9.74 billion, compared with ₦3.41 billion in 2024.
Operating profit before tax stood at ₦23.14 billion, up from ₦17.02 billion in the prior year. The Group’s profit before tax rose 34 percent to ₦25.01 billion, compared with ₦18.73 billion in 2024.
Following a tax charge of ₦3.84 billion, profit after tax closed at ₦21.17 billion, while basic earnings per share increased to 157 kobo, from 118 kobo a year earlier.
Other comprehensive income for the period surged to ₦89.64 billion, up from ₦19.00 billion in 2024, driven by substantial fair value gains on equity investments measured at FVTOCI. Total comprehensive income reached ₦110.81 billion, compared with ₦34.99 billion in the same period last year.
As of September 30, 2025, total assets rose 10 percent to ₦1.87 trillion, from ₦1.70 trillion at year-end 2024. The Group’s shareholders’ fund increased to ₦229.91 billion, up from ₦133.50 billion, reflecting retained earnings growth and significant fair value revaluation gains.
Managed funds stood at ₦1.07 trillion, while borrowed funds were ₦357.29 billion, compared to ₦406.06 billion at the end of 2024.
United Capital maintained strong liquidity and balance sheet resilience, with cash and cash equivalents rising to ₦474.44 billion, from ₦337.01 billion at year-end.
The Group continues to leverage its diversified financial services portfolio spanning investment banking, asset management, trust services, and securities trading, delivering sustained profitability and enhanced shareholder value.
