United Capital Plc has reported a strong financial performance for the nine months ended September 30, 2025, sustaining its growth trajectory with a 47% year-on-year increase in gross earnings to N41.54 billion, up from N28.17 billion in the same period of 2024.
According to the company’s unaudited results released to the Nigerian Exchange (NGX), the group also recorded a 34% rise in profit before tax (PBT) to N25.01 billion and a 32% increase in profit after tax (PAT) to ₦21.17 billion. Shareholders’ funds grew significantly by 72% year-to-date, reaching N229.91 billion.
Strong Performance Across All Indicators
The group’s total assets climbed to N1.87 trillion, representing a 10% increase from ₦1.70 trillion recorded as of December 2024. Managed funds also expanded by 27% to N1.07 trillion, reflecting continued investor confidence in the company’s fund management capabilities.
Earnings per share rose to 157 kobo, while net assets per share surged to N12.77, underscoring enhanced shareholder value.
The company attributed the strong performance to growth in multiple income streams:
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Fee and commission income increased by 57% year-on-year.
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Investment income grew by 34% year-on-year.
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Net trading income soared by 185% year-on-year.
Operating expenses rose by 49% to N17.46 billion, reflecting expanded business activities across the group’s subsidiaries.
CEO’s Statement
Group Chief Executive Officer, Peter Ashade, expressed satisfaction with the company’s performance, describing it as “a testament to United Capital’s resilience and strong execution capabilities.”
“Despite the significant challenges faced during the period, we achieved impressive results across all metrics. Our focus remains on sustaining this momentum and delivering exceptional value to shareholders as we move into the final quarter of the year,” Ashade said.
Ashade reaffirmed United Capital’s commitment to maintaining operational excellence and growth across its business lines, which include investment banking, asset management, securities trading, consumer lending, trusteeship, and microfinance banking.
