United Capital's Pre-Tax Profit Surges 66% in 2026

United Capital Plc recorded a pre-tax profit of N41.58 billion for the nine months ended September 2026, marking a 66.24% increase from N25.01 billion in the same period of 2025. This growth was primarily driven by a significant rise in investment income, which increased by 94.65% to N22.03 billion from N11.32 billion.

Gross earnings also saw a 50.37% rise, reaching N62.47 billion compared to N41.54 billion. Profit after tax rose by 64.51% to N34.83 billion from N21.17 billion, with earnings per share increasing to 258 kobo from 157 kobo.

The company’s estimated income tax charge was N6.75 billion, reflecting an effective tax rate of approximately 16%. Despite the positive earnings growth, United Capital's share price fell by about 2.1% to N16.55 on October 26, 2026.

The company reported improved liquidity, with cash and cash equivalents rising by 115.28% to N618.08 billion as of September 30, 2026, and no outstanding commercial paper or defaults on payments.