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Tag: United Capital Plc

  • United Capital records impressive H1 performance

    United Capital records impressive H1 performance

    United Capital Plc, a leading Pan-African investment bank and financial services group, has once again demonstrated its market leadership with the release of its unaudited financial results for H1-2025, showing remarkable growth across key financial indicators.

    The Group recorded a 57% year-on-year revenue growth to N23.76 billion. Profit Before Tax rose by 52% to N13.79 billion, while Profit After Tax reached N11.89 billion, marking a 54% year-on-year increase.

    Shareholders’ Funds also rose by 25% to N166.91 billion, reinforcing investor confidence in the Group’s long-term outlook. Following this solid performance, United Capital has declared an interim dividend of N5.4 billion (N0.30 per 50 kobo ordinary share).

    This half-year result builds on a consistent five-year growth streak from the Group.

    Since H1-2020, United Capital’s profitability has surged by over 522%, rising from N1.91billion in H1-2020 to N11.89 billion in H1-2025, while revenue has also grown significantly from N4.45 billion to N23.76 billion.

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    This performance demonstrates United Capita’s resilience and ability to deliver value year after year, despite shifting economic conditions.

    During the Group’s Investor Call held yesterday in Lagos, Mr. Peter Ashade, Group Chief Executive Officer of United Capital Plc, commented on this performance saying: “We are pleased to report that we ended the first half of the year on a strong and positive note. Once again, we have continued our track record of excellence and strong financial performance, which reflects the strength of our diversified business model.”

    “Last year, we made history by declaring our first-ever interim dividend, alongside a 2-for-1 bonus issue, which was met with great enthusiasm by our shareholders. This year, we continue to honour our commitment by declaring another interim dividend of N5.4 billion, reinforcing our dedication to delivering sustainable returns and enhancing shareholder value.”

    Looking ahead, United Capital remains focused on driving retail expansion and deepening its presence across the African continent.

    Following its recent expansion into Francophone West Africa, the Group continues to execute its Pan-African strategy with precision.

    With a strong foundation and a clear strategic direction, the Group is well-positioned to finish the year even stronger and continue delivering value to shareholders, clients, and communities across Africa.

  • United Capital’s shareholders approve N14.4b dividend

    United Capital’s shareholders approve N14.4b dividend

    Shareholders of United Capital Plc at the weekend at the weekend approved a total dividend payout of N14.4 billion for the 2024 financial year.

    Chairman, United Capital Plc, Prof. Chika Mordi, said the 33 per cent increase from the previous year reinforced the company’s commitment to delivering exceptional value to its investors.

    He highlighted that the company recorded outstanding financial performance despite macroeconomic challenges.

    “In 2024, our profit before tax  accelerated by 74.0 per cent to N30.10 billion in 2024, indicating impressive growth in the overall profitability of the group. In terms of our financial position, the total assets of the group appreciated by 82.6 per cent to N1.7 trillion,” Mordi said.

    He reassured investors of the company’s commitment to sustaining this momentum, stating that United Capital remains well-positioned to deliver even greater returns in the coming years.

    The declaration of a final dividend of 50 kobo per share, complementing the interim dividend of 90 kobo per share distributed within the financial year, received unanimous shareholder endorsement.

    Investors commended the company’s consistent delivery of strong returns, spotlighting the previously declared bonus issue of two shares for one share that significantly enhanced their equity positions. This shareholder value creation reflected in the 47 per cent growth of shareholders’ funds to N133.50 billion

    Group Chief Executive Officer, United Capital Plc, Peter Ashade attributed the company’s continued success to strategic execution, operational excellence, and the dedication of its leadership team and employees.

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    “We remained committed in our mission to create sustainable value for our stakeholders despite a volatile operating environment. Our market capitalization surged by 200 per cent to N396 billion, while our Return on Average Equity (RoAE) stood at 21.5 per cent, underscoring the wealth creation and business stability we have achieved,” Ashade said.

    Looking ahead, Ashade reaffirmed United Capital’s commitment to sustaining its growth trajectory and delivering superior performance in 2025.

    Said he: “Our focus remains on expanding our market leadership, enhancing innovation, and driving long-term value creation.”

    According to him, following a profitable year with the firm leading key transactions, expanding into digital banking, consumer finance and recording impressive growth in funds under management, the group is determined to solidify its position as a high-performing, sustainable financial services group, with key strategic expansion into new markets and sectors, setting new standards of excellence in Africa’s financial landscape.