United Capital Plc's Profit Surges 66% to ₦41.58bn in 2026

United Capital Plc increased its profit before tax by 66.24 percent to ₦41.58 billion for the nine months ended September 2026, supported by a significant rise in investment income, stronger fee and trading revenue, and reduced impairment charges. The company reported gross earnings of ₦62.47 billion, a 50.37 percent increase from ₦41.54 billion in the same period of 2025.

Profit after tax rose 64.51 percent to ₦34.83 billion from ₦21.17 billion, with earnings per share increasing to 258 kobo from 157 kobo. The largest contributor to earnings growth was net investment income, which surged 94.65 percent to ₦22.03 billion.

Fee and commission income rose 26.63 percent to ₦20.95 billion, while net trading income increased 29.40 percent to ₦12.60 billion. Operating expenses grew 27.80 percent to ₦23.51 billion, slower than net operating income, enhancing profitability.

Impairment charges declined by approximately 61 percent to ₦366.97 million. The estimated income tax charge was ₦6.75 billion, with an effective tax rate of about 16 percent.

Total comprehensive income, however, fell 8.54 percent to ₦101.34 billion due to lower fair-value gains on equity investments.