United Capital Reports 57% Surge in Q2 2025 Revenue, PBT Hits ₦13.8bn

United Capital Plc has posted a stellar 57% year-on-year (YoY) increase in total revenue to ₦23.76 billion for the second quarter ended June 30, 2025, up from ₦15.15 billion in Q2 2024.

This surge was powered by higher investment income, fees, and a rebound in trading activity across its business lines.

Net operating income also saw a strong 67% YoY increase, rising to ₦21.32 billion from ₦12.76 billion in the same period last year. The group’s fee and commission income nearly doubled, while investment income jumped to ₦9.55 billion, reflecting improved yields and client activity.

Despite the revenue growth, United Capital’s total expenses rose 67% YoY to ₦11.12 billion, mirroring the income increase and suggesting disciplined cost control. Operating profit before tax rose 52.3% to ₦13.79 billion, up from ₦9.06 billion in Q2 2024.

Profit after tax climbed to ₦11.89 billion, marking a 54% YoY rise, underscoring the group’s resilience and operational strength in Nigeria’s volatile economic environment.

“We continue to deliver value through innovation, efficiency, and client-focused services,” said Peter Ashade, Group CEO.

The company announced an interim dividend of N0.30 per 50 kobo ordinary share, subject to appropriate withholding tax.

Annualized basic earnings per share rose from 86 kobo in Q2 2024 to 132 kobo in Q2 2025, a 53.5% increase. However, total assets declined 7% to ₦1.59 trillion.