United Capital Plc has announced a profit after tax of N11.89bn for the first half of 2025, representing a remarkable 522 per cent increase compared to the same period in 2020. This performance marks the continuation of a five-year streak of steady growth for the Pan-African investment bank and financial services group.
The group’s revenue for H1 2025 rose to N23.76bn, up from N4.45bn recorded in H1 2020. On a year-on-year basis, revenue climbed 57 per cent, reflecting the company’s ability to sustain strong earnings momentum. Profit before tax for the period also increased by 52 per cent to N13.79bn.
United Capital’s Shareholders’ Funds grew 25 per cent to N166.91bn, underscoring investor confidence in the company’s long-term prospects. As part of its commitment to delivering returns to shareholders, the company declared an interim dividend of N5.4bn at N0.30 per 50 kobo ordinary share.
During the Group’s Investor Call, Group Chief Executive Officer, Mr Peter Ashade, expressed satisfaction with the results, noting that the company had once again delivered strong performance despite a challenging operating environment. “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,” he said.
Mr Ashade recalled that in the previous year, United Capital made history by declaring its first-ever interim dividend alongside a 2-for-1 bonus issue, which was well received by shareholders. “This year, we continue to honour our commitment by declaring another interim dividend of N5.4bn, reinforcing our dedication to delivering sustainable returns and enhancing shareholder value,” he added.
The Group’s strong performance has been supported by its diversified operations across investment banking, asset management, trusteeship, securities trading, and consumer finance. Analysts say the company’s ability to generate revenue from multiple streams has provided stability in the face of market volatility.
Looking ahead, United Capital plans to focus on expanding its retail business and deepening its presence across Africa. Following its recent entry into Francophone West Africa, the company is set to further implement its Pan-African strategy by targeting new markets and strengthening its service offerings.
Mr Ashade emphasised that the Group’s clear strategic direction and strong financial position will enable it to finish the year on an even stronger note. “We remain committed to delivering value to our shareholders, clients, and communities across Africa. With our foundation firmly in place, we are confident in our ability to continue this growth trajectory,” he said.
Industry observers note that United Capital’s financial results reflect a wider trend of resilience among well-diversified African financial services providers. By maintaining a strong capital base, pursuing market expansion, and delivering consistent shareholder returns, the company has positioned itself as a leading player in the continent’s investment banking and financial services space.
With its interim dividend payout and plans for further regional growth, United Capital appears set to sustain its momentum into the second half of 2025, reinforcing its reputation as a reliable wealth creator for investors and a strategic partner for businesses across Africa.
