United Capital Grows Profit by 64% to N5.89bn in Q1
United Capital Plc, a pan-African financial services group, has posted N5.89 billion as its profit after tax (PAT) for the first quarter of 2025. This is against the N3.59 billion recorded within the same period in 2024.
The group, in a document posted on the Nigerian Exchange Group (NGX) platform on Tuesday, said the figure represented a 64 percent increase from the amount recorded within the same period in 2024.
The group also declared N13.1 billion as its gross earnings for the first quarter, representing a 113 percent increase from the N6.1 billion posted for the corresponding period of 2024.
It further posted N6.73 billion as its profit before tax (PBT) for the first quarter, representing a 65 percent increase from the N4.1 billion declared within the same period last year.
The United Capital Plc declared that its total assets stood at N1.72 trillion as of March 31, representing a one percent increase from the N1.7 trillion recorded as total assets as at December.
It said the shareholders’ funds grew to N161.2 billion compared to N133.50 billion recorded in December. The group added that the growth in shareholders’ funds represented a 21 percent increase from the amount also recorded in December.
United Capital Plc offers investment banking, asset management, trusteeship, securities trading, wealth management, consumer finance, and microfinance banking. #United Capital Grows Profit by 64% to N5.89bn in Q1 Naira Appreciates as CBN Sells Additional Dollars in FX Market
