United Capital Reports ₦11.9 Billion Profit, Declares ₦5.4 Billion Interim Dividend
United Capital Plc has reported a profit before tax of ₦11.9 billion for the first half of the 2025 financial year and declared an interim dividend of ₦5.4 billion for its shareholders. The interim dividend, which translates to ₦0.90 per share, marks the first time the investment banking group is paying shareholders a mid-year dividend in its operating history.
The company’s strong performance follows a record-breaking 2024 financial year in which it posted a profit after tax of ₦24.1 billion, up by 111 percent compared to ₦11.42 billion in 2023. Profit before tax had also risen by 74 percent to ₦30.1 billion in 2024, while shareholders’ funds surged by 47 percent to ₦133.5 billion. The group’s total assets expanded from ₦931.95 billion to ₦1.7 trillion during the same period, solidifying its position as a major player in Nigeria’s financial services sector.
According to the company’s unaudited financial results, the interim dividend represents part of a broader strategy to sustain investor confidence and reward shareholders amid a challenging macroeconomic environment. The move follows United Capital’s full-year dividend payout of ₦14.4 billion for 2024, reflecting a growing commitment to creating long-term shareholder value.
Commenting on the results, the Chairman of United Capital, Professor Chika Mordi, said the group’s performance reflects disciplined execution and resilience in the face of economic uncertainty. “We have delivered on our promise of strategic growth and value creation. This interim dividend underscores our commitment to consistent returns for shareholders,” he said.
Group Chief Executive Officer, Peter Ashade, noted that the company’s operations were bolstered by efficient cost management and well-executed investment strategies. “Despite macroeconomic headwinds, our disciplined approach to capital allocation and execution across business lines enabled us to maintain strong profitability. We remain focused on our long-term vision of building a leading pan-African investment group,” Ashade stated.
United Capital operates across investment banking, asset management, securities trading, and trustee services. Its recent achievements include a 2-for-1 bonus share issuance and significant growth in assets under management, which further strengthened its capital base and investor equity.
Analysts say the interim dividend sets a positive tone for the rest of the year, with expectations high that the group could follow up with another strong full-year dividend if current trends hold. Investors are watching closely as the company continues to position itself for regional expansion and deeper market penetration within and beyond Nigeria.
With this announcement, United Capital has reaffirmed its reputation as one of Nigeria’s most consistent dividend-paying firms and a reliable player in the financial services sector.
