United Capital Plc UCAP Q3 2026 Unaudited Results

United Capital Plc (NGX: UCAP) has released its unaudited results for the nine months ended September 30, 2026, showing broad-based growth across its income statement and balance sheet.

Gross earnings rose 50% year-on-year to ₦62.47 billion, up from ₦41.54 billion in the same period of 2025. The company attributed this to growth in fee and commission income, up 27% year-on-year; net investment income, up 95% year-on-year; net trading income, up 29% year-on-year; and net gains on financial assets at fair value through profit or loss, up 22% year-on-year.

Profit before tax increased 66% year-on-year to ₦41.58 billion, while profit after tax rose 65% to ₦34.83 billion. The PBT margin expanded to 66.57% from 60.22% a year earlier. Annualised earnings per share stood at 258 kobo, compared to 157 kobo in the prior year period.

On the balance sheet, total assets grew 3% year-to-date to ₦1.81 trillion, driven by a 115% increase in cash and cash equivalents. Managed funds reached ₦1.04 trillion, up 4% from December 2025. Shareholders' funds climbed 58% year-to-date to ₦237.08 billion, supported by a 76% rise in the fair value reserve and a 38% increase in retained earnings.