United Capital Plc’s group pretax profit climbed 66.2% to ₦41.58 billion in the nine months ended Sept. 30, 2026, while its unaudited filing showed higher investment, fee and trading income.
The consolidated statements put profit before tax at ₦41.584 billion, compared with ₦25.014 billion in the same period of 2025. Group profit after tax increased 64.5% to ₦34.832 billion from ₦21.173 billion. Earnings per share rose to 258 kobo from 157 kobo, and gross earnings reached ₦62.47 billion, up from ₦41.54 billion.
Net investment income was ₦22.03 billion, compared with ₦11.32 billion a year earlier. Fee and commission income reached ₦20.95 billion, up from ₦16.54 billion, while net trading income increased to ₦12.60 billion from ₦9.74 billion.
The filing’s income note lists treasury income of ₦15.17 billion, compared with none in the year-earlier period. Income from loans rose to ₦16.44 billion from ₦12.86 billion, and dividend income from securities investments increased to ₦8.27 billion from ₦4.98 billion. Income from managed funds edged down to ₦94.25 billion from ₦94.88 billion, while interest expense on managed funds and other borrowings rose to ₦116.89 billion from ₦104.67 billion.
Group expenses grew to ₦23.51 billion from ₦18.40 billion. Personnel expenses were ₦6.42 billion, compared with ₦5.10 billion, and other operating expenses reached ₦15.69 billion from ₦11.75 billion.
At Sept. 30, group cash and cash equivalents totaled ₦618.08 billion, compared with ₦287.10 billion at Dec. 31, 2025. Investment securities fell to ₦1.07 trillion from ₦1.34 trillion, and borrowed funds declined to ₦320.08 billion from ₦372.30 billion. Total group assets were ₦1.81 trillion, up from ₦1.76 trillion at year-end 2025.
United Capital’s board approved the unaudited consolidated and separate financial statements on Oct. 23.
