United Capital Grows Profit By 522% To N23.76bn In 5 Years

United Capital Plc said, it grew its net profit by 522 per cent in five years, from N4.45 billion in first half (H1) 2020 to N23.76 billion in H1 2025.

The company, in its H1, 2025 posted a 57 per cent year-on-year revenue growth to N23.76 billion. Profit before tax rose by 52 per cent to N13.79 billion, while profit after tax reached N11.89 billion, marking a 54 per cent year-on-year increase. Shareholders’ funds also rose by 25 per cent to N166.91 billion, reinforcing investor confidence in the Group’s long-term outlook.

Following this solid performance, United Capital declared an interim dividend of N5.4 billion, representing 30 kobo per share. United Capital said, “this half-year result builds on a consistent five-year growth streak. Since H1 2020, United Capital’s profitability has surged by over 522 per cent, driven by strong strategy execution, innovation, and disciplined risk management. From N4.45 billion in earnings in 2020 to N23.76 billion in 2025, the Group has demonstrated remarkable resilience, delivered value year after year, despite shifting economic conditions.”

Speaking at the United Capital H1 2025 Investors & Analysts Call, the Group chief executive officer, Mr. Peter Ashade said, “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 stated that, “last year, we made history by declaring our first-ever interim dividend, alongside a 2-for-1 bonus issue, which was met with great enthusiasm by our shareholders. This year, we continue to honour our commitment by declaring another interim dividend of N5.4 billion, reinforcing our dedication to delivering sustainable returns and enhancing shareholder value.”

Looking ahead, Ashade disclosed that “United Capital remains focused on driving retail expansion and deepening its presence across Africa. Recall that the Group recently expanded its market presence into Francophone West Africa.

“With a strong foundation, a clear strategic direction, and a growing Pan-African footprint, the Group is well-positioned to finish the year even stronger and continue delivering value to shareholders, clients, and communities across the continent.”