United Capital Profit Surges 65% to N34.83 Billion as Gross Earnings Hit N62.47 Billion

United Capital Plc has reported a 64.5% improve in revenue after tax to N34.83 billion for the 9 months ended September 30, 2026, in contrast with N21.17 billion recorded within the corresponding interval of 2025.

The funding and monetary companies group disclosed this in its unaudited monetary outcomes launched on October 26, 2026, exhibiting important progress in funding earnings, charges and buying and selling actions.

Gross earnings elevated by 50.4% to N62.47 billion from N41.54 billion a yr earlier, whereas revenue earlier than tax rose by 66.2% to N41.58 billion from N25.01 billion.

The firm’s stronger earnings had been supported by a 94.6% improve in web funding earnings to N22.03 billion, in contrast with N11.32 billion within the corresponding interval of 2025.

Fee and fee earnings superior by 26.6% to N20.95 billion from N16.54 billion, whereas web buying and selling earnings elevated by 29.4% to N12.60 billion.

United Capital additionally recorded a 22.2% improve in web positive aspects on monetary property measured at honest worth via revenue or loss, reaching N6.62 billion.

Consequently, web working earnings rose by 47.8% to N55.58 billion from N37.60 billion, reflecting stronger contributions from the group’s core monetary companies actions.

However, complete bills elevated by 27.8% to N23.51 billion, pushed partly by greater personnel prices and different working bills.

Despite the rise in prices, profitability improved with the corporate’s profit-before-tax margin rising to 66.57% from 60.22%.

Earnings per share elevated to 258 kobo from 157 kobo within the corresponding interval of 2025.

United Capital’s stability sheet additionally strengthened through the nine-month interval.

Total property elevated by 3% to N1.81 trillion as of September 30, 2026, in contrast with N1.76 trillion on the finish of December 2025.

Managed funds grew by 4.4% to N1.04 trillion from N993.64 billion, whereas shareholders’ funds elevated by 58.1% to N237.08 billion from N149.99 billion.

The improve in shareholders’ funds was supported by greater retained earnings and an enlargement in honest worth reserves.

Cash and money equivalents greater than doubled to N618.08 billion from N287.10 billion, whereas borrowed funds declined to N320.08 billion from N372.30 billion.

Commenting on the efficiency, Group Chief Executive Officer Peter Ashade mentioned the outcomes demonstrated the corporate’s capability to maintain earnings progress and strengthen its monetary place.

He expressed confidence that United Capital would preserve its progress momentum through the closing quarter of 2026 via continued execution of its enterprise technique.

United Capital operates throughout funding banking, asset administration, securities buying and selling, trusteeship, wealth administration and different monetary companies companies.