United Capital Q1 scorecards show outstanding start to new year

United Capital Plc has released its unaudited financial results for the period ended March 31, 2025. The company’s gross earnings grew by 113 percent year-on-year (YoY) to N13.10billion.

Also, profit before tax (PBT) rose by 65 percent year-on-year to N6.73 billion, profit after tax (PAT) grew by 64 percent year-on-year to N5.89 billion, while shareholders’ funds increased by 21 percent to N161.52 billion.

Peter Ashade, Group Chief Executive Officer, United Capital Plc said: “United Capital Group achieved an exceptional performance in the first quarter of the year. Gross earnings grew by 113 percent to N13.10 billion, which represents the Group’s leadership position in the capital market sector and commitment to the continuous improvement of stakeholders’ wealth. This performance reflects our unwavering dedication to creating wealth, transforming lives and increasing shareholders’ value,” he said.

“During the period under review, profit before tax rose by 65 percent year-on-year to N6.73billion, profit after tax grew by 64 percent year-on-year to N5.89 billion, while shareholders’ funds rose by 21 percent year-to-date to N161.52 billion. These results highlight the strength of our business model, effective execution of our transformative and purpose-driven strategy,” Ashade noted.

He said going into the remaining quarters of the year, “we are confident that through the diligent execution of our well-thought-out strategies, we are on track to attain new heights. Our stakeholders can be rest assured of our resolve to continue to deliver excellent services while staying true to our global commitment to achieve a net-zero world.”

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.