United Capital Plc, a leading African financial and investment services group, has announced impressive unaudited financial results for the first half of 2025 (H1 2025) ended June 30, 2025.
The company reported a significant Profit After Tax (PAT) of N11.89 billion, underscoring its continued strong performance and strategic effectiveness in a dynamic economic environment.
The unaudited results, released on the Nigerian Exchange Group (NGX Group) platform, highlight a remarkable 56.86% increase in Revenue Growth, soaring from N15.15 billion in H1 2024 to N23.76 billion in H1 2025. This robust top-line growth translated directly into enhanced profitability.
Key Financial Highlights from H1 2025:
Revenue: N23.76 billion (up 56.86% from N15.15 billion in H1 2024
Profit Before Tax (PBT): N13.79 billion (up 52% from N9.06 billion in H1 2024)
Profit After Tax (PAT): N11.89 billion (up 54% from N7.74 billion in H1 2024)
Shareholders’ Funds: Increased by 25% year-to-date to N166.91 billion, indicating a strengthening capital base.
Earnings Per Share (EPS): Rose by 54% to 132 kobo (from 86 kobo in H1 2024).
Current Share Price: N21.10k
Analysis of Performance:
United Capital Plc’s H1 2025 results demonstrate a sustained growth trajectory and strong operational stability.
The nearly 57% surge in revenue is particularly noteworthy, driven primarily by significant increases in fee and commission income (+80% year-on-year), investment income (+104% year-on-year), and a substantial Net gain on financial assets at fair value through profit or loss (+398% year-on-year).
This diversified income stream highlights the effectiveness of the Group’s various business lines, including investment banking, asset management, trusteeship, and stockbroking.
The strong revenue performance cascaded down to impressive profitability metrics. Profit before tax grew by a robust 52% to N13.79 billion, while profit after tax jumped by 54% to N11.89 billion.
This indicates efficient cost management and strong execution capabilities, allowing a significant portion of the increased revenue to convert into bottom-line profit.
While total assets saw a slight year-to-date decline of 7% to N1.59 trillion (from N1.70 trillion in December 2024), largely influenced by a 22% reduction in investment securities, cash and cash equivalents remarkably increased by 43% to N481.86 billion.
This suggests a strategic shift in asset allocation or a focus on liquidity. Managed funds also increased by 10% from N846.60 billion to N932.27 billion, demonstrating continued client confidence and growth in the asset management segment.
The growth in Shareholders’ Funds by 25% to N166.91 billion further solidifies the company’s financial health and capital adequacy, providing a strong foundation for future expansion and resilience in a volatile operating environment.
Management’s Outlook and Shareholder Value:
Commenting on the results, Mr. Peter Ashade, Group Chief Executive Officer of United Capital Plc, expressed satisfaction with the strong positive close to the first half of the year, reaffirming the Group’s commitment to continuous excellence and financial performance.
He emphasized that these results reflect the resilience of their business model, the dedication of their team, and effective strategy execution across all business lines.
In line with its commitment to shareholder value, United Capital has also announced the payment of an interim dividend of N5.4 billion, representing N0.30k per 50kobo ordinary share, subject to withholding tax.
This dividend payout underscores the company’s consistent effort to reward its investors and reinforces confidence in its financial stability and future prospects.
As United Capital continues its foray into the Pan-African landscape, these H1 2025 results position the Group as a formidable player poised for sustained growth and leadership in the investment services sector across Africa.
The company’s focus on a solid foundation and clear strategic direction suggests a continued trajectory of delivering superior returns to shareholders and providing best-in-class solutions to stakeholders.
