United Capital Plc has announced an interim dividend of N5.4bn for the half year (H1) 2025.
The company stated this in its H1 unaudited results for the period ended June 30, 2025
The dividend translates to N0.30 for every 50 kobo ordinary share, subject to appropriate withholding tax according to the company.
United Capital’s gross earnings rose by 57 per cent year-on-year to N23.76bn in H1 2025 compared to N15.15bn in H1 2024. The performance was majorly driven by growth in fee and commission income (+80 per cent year-on-year), investment income (+104 per cent year-on-year) and Net gain on financial assets at fair value through profit or loss (+398 per cent year-on-year).
During the period under review, profit before tax grew by 52 per cent year-on-year to N13.79bn while profit after tax increased by 54 per cent year-on-year to N11.89bn. The performance was driven by 57 per cent growth in gross earnings.
The Company’s total assets decreased by 7 per cent year-to-date to N1.59trn in June 2025 compared to N1.70trn in December 2024, largely driven by 22 per cent decline in investment securities during the period while cash and cash equivalents went up by 43 per cent from N337.01bn to N481.86bn.
United Capital’s total liabilities declined by 9 per cent year-to-date, dropping to N1.42trn in June 2025 from N1.57trn in December 2024. This decline was largely driven by a 2 per cent reduction in borrowed funds and a 75 per cent decrease in other liabilities during the period.
However, managed funds went up by 10 per cent from N846.60bn to N932.27bn. l Shareholders’ Fund: The Company’s Shareholders’ funds grew by 25 per cent year-to-date to N166.91bn as of June 2025 from N133.50bn in December 2024 majorly driven by 7 per cent growth in retained earnings and 36 per cent increase in the fair value reserve during the period.
Commenting on the Group’s performance, the Group Chief Executive Officer, Mr. Peter Ashade said that United Capital Plc ended the first half of the year on a positive note, continuing its track record of excellence and strong financial performance, as demonstrated by its 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 N23.76bn. Profit before tax grew by 52 per cent year-on-year to N13.79bn profit after tax rose by 54 per cent year-on-year to N11.89bn while Shareholders’ Funds grew by 25 per cent year-to-date to N166.91bn, a testament to the strength of our capital base and the confidence reposed in us by our investors.
“These results reflect the resilience of our business model, the dedication of our 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 Interim Dividend of 30 kobo per share for 50kobo ordinary shares of the Company. This represents a payout of N5,400,000,000.00 (Five billion, four hundred million naira only). We have obtained the approval of the Board and details will be shared with our shareholders,” he said.
