United Capital Reports ₦41.18bn Pre-Tax Profit in 2025, Declares Final Dividend
United Capital Plc, one of Nigeria’s leading investment banking and financial services groups, has delivered another strong set of audited full-year results for the year ended 31 December 2025, demonstrating resilient growth across revenue, profitability, and shareholder returns.
Strong Financial Performance Across the Board
According to its audited financial statements released to the Nigerian Exchange Limited (NGX), United Capital recorded a pre-tax profit of ₦41.18 billion in 2025 a year-on-year increase of around 37 % from ₦30.10 billion in 2024. This performance underscores the group’s ability to drive earnings growth amid an evolving economic landscape.
The firm’s total revenue surged to ₦58.5 billion, up roughly 35 % compared to the prior year, driven by stronger performance across its core business segments, including fee and commission income, trading gains, and investment income.
Key financial highlights include:
- Pre-Tax Profit: ₦41.18 billion (↑ ~37 % YoY)
- Profit After Tax: ₦28.15 billion (↑ ~17 % YoY)
- Total Revenue: ₦58.5 billion (↑ ~35 % YoY
- Total Assets: ₦1.76 trillion (up from ₦1.70 trillion)
- Retained Earnings: ₦53.1 billion (↑ from ₦39.7 billion)
The growth in revenue was supported by multiple income streams, with fee and commission income climbing significantly, reflecting heightened client activity across advisory, brokerage, and management services. Net trading income and investment gains also bolstered topline results.
Operational Momentum and Strategic Execution
United Capital’s management credits the strong results to disciplined execution, diversification of revenue sources, and prudent risk management. Despite challenges in operating costs which rose in tandem with enhanced investment in talent and technology the group maintained healthy profitability margins.
Chairman Uche Ike highlighted the company’s performance as a testament to the dedication of its workforce and its strategic focus on value creation, adding that the results affirm United Capital’s position as a leading financial services brand in Nigeria’s capital markets.
Dividend Boost for Shareholders
In line with its performance, United Capital’s Board has proposed a final dividend of ₦0.70 per share, amounting to approximately ₦12.6 billion. This is subject to withholding tax and approval at the company’s upcoming Annual General Meeting.
Combined with the interim dividend of ₦0.30 per share already paid, the total dividend for the full 2025 financial year stands at ₦1.00 per share, representing a total payout of about ₦18 billion to shareholders.
This bold dividend proposal signals United Capital’s commitment to rewarding investors while balancing reinvestment into business growth and capital strengthening initiatives.
What This Means for Investors
Investors and market watchers are likely to view United Capital’s results as a positive signal of stable earnings expansion and improved shareholder returns. The uplift in profit before tax and the proposed dividend reflect confidence in the long-term earnings power of the business, even as market conditions remain dynamic.
While share price response may vary in short-term trading, the fundamentals exhibited in the group’s 2025 performance — spanning revenue diversification, asset growth, and enhanced profitability — form a solid base for investor confidence going into 2026.
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