United Capital Declares N5.4bn Interim Dividend as Profit Rises by 54%
United Capital Plc has reported a profit after tax of N11.9 billion for the first half of 2025. This represents a 54 percent increase from N7.74 billion profit recorded for the first half of 2024.
The company announced this in a corporate disclosure on Monday through the Nigerian Exchange Ltd. The profit before tax also grew by 52 per cent, from N9.06 billion in 2024 to N13.79 billion while the gross earnings rose by 57 per cent, from N15.15 billion to N23.76 billion.
The net operating income climbed to N21.32 billion compared to N12.76 billion in 2024, a 67 per cent year-on-year growth. Operating expenses witnessed 49 per cent increase to N10.61 billion from N7.12 billion of 2024.
Commenting on the group’s performance, the bank’s Group Chief Executive Officer, Mr Peter Ashade, said, “I am pleased to inform all stakeholders that United Capital Plc ended the first half of the year on a strong and positive note.
“This is continuing our track record of excellence and strong financial performance, as demonstrated by our remarkable earnings growth and robust performance across key financial metrics, despite the prevailing macroeconomic challenges and market volatility.
“During the period under review, we recorded significant financial growth, with gross earnings increasing by 57 per cent year-on-year to N23.76 billion.
“Profit before tax grew by 52 per cent year-on-year to N13.79 billion, profit after tax rose by 54 per cent year-on-year to N11.89 billion, while Shareholders’ Funds grew by 25 per cent year-to-date to N166.91 billion.
“This is a testament to the strength of our capital base and the confidence reposed in us by our investors,” he said.
Ashade noted that “these results reflect the resilience of the company’s business model, the dedication of people, and the effective execution of our strategy across our business lines. “As we look ahead to the second half of the year, we remain focused and firmly committed to sustaining this strong performance.
“With a solid foundation, a clear strategic direction and our retail and Pan-African play in full force. United Capital is well-positioned to continue delivering superior returns to shareholders and providing best-in-class solutions to all our stakeholders.
“Finally, to reward our esteemed shareholders, we are excited to announce payment of an interim dividend of 30 kobo per share for 50 kobo ordinary shares of the company.
“This represents a payout of N5.4 billion. We have obtained the approval of the board, and details will be shared with our shareholders,” hex added. # United Capital Declares N5.4bn Interim Dividend as Profit Rises by 54% Shareholders Get N5.2bn as FMDQ Declares First-Ever Cash Dividend
