United Capital Plc Reports 66% Profit Surge in 2026

United Capital Plc announced a pre-tax profit (PBT) of N41.58 billion for the nine months ending September 30, 2026, marking a 66 percent increase from N25.01 billion in the same period of 2025. Profit after tax rose by 65 percent to N34.83 billion, up from N21.17 billion.

Gross earnings increased by 50 percent year-on-year to N62.47 billion, driven by substantial growth in fee and commission income (27 percent), net investment income (95 percent), net trading income (29 percent), and net gains on financial assets at fair value through profit or loss (22 percent). Total expenses rose by 28 percent to N23.51 billion, while impairment charges for credit losses decreased significantly to N366.9 million.

The Group's total assets grew by three percent to N1.81 trillion, with cash and cash equivalents increasing by 115 percent to N618.08 billion. Shareholders’ funds increased by 58 percent to N237.08 billion.

Mr. Peter Ashade, Group CEO, expressed satisfaction with the company's performance, highlighting strong earnings growth and financial strength.