United Capital’s quarterly profit jumps 66% as revenue crosses N17 billion
Add us on Google United Capital Plc reported a 66.2 per cent leap in net profit in the first quarter of 2026, relative to the same period of 2025, the earnings report of the financial and investment services company issued on Monday showed. The group, whose offerings range from investment banking, portfolio management, securities trading and trusteeship to asset management, wealth management and consumer finance, attained the earnings growth on the back of a fairly stronger revenue. Gross earnings advanced by nearly one third to N17.2 billion, helped by a much-improved fee and other commission income and net gain on financial assets at fair value through profit or loss. It is a testament to the significance of fee and other commission (which comprises fees from brokerage, management and trusteeship services) the biggest contributor to the firm’s revenue pool. Stay Ahead with Premium Times Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting. Add as a preferred source on Google /* 1. Wrapper & Container / .gn-wrapper { width: 100%; padding: 20px 0; display: flex; justify-content: center; } .gn-card { width: 100%; max-width: 600px; background: #ffffff; padding: 28px; border-radius: 16px; border: 1px solid #e0e0e0; box-shadow: 0 4px 12px rgba(0,0,0,0.08); font-family: 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; } / 2. Header & Premium Times Logo / .gn-header { display: flex; align-items: center; gap: 14px; margin-bottom: 16px; } .gn-logo { height: 36px; / Slightly larger to balance the new text sizes / width: auto; object-fit: contain; } .gn-title { font-size: 22px; margin: 0; color: #1a1a1a; font-weight: 800; } / 3. The Bold Description / .gn-description { font-size: 18px; / Larger size / font-weight: 600; / Bolder weight / color: #202124; / Darker for readability / margin: 0 0 24px 0; line-height: 1.5; } / 4. The High-Impact Button / .gn-button { display: inline-flex; align-items: center; gap: 12px; padding: 14px 24px; border: 1px solid #dadce0; border-radius: 30px; / Modern pill shape / text-decoration: none; background: #ffffff; color: #3c4043; transition: all 0.2s ease-in-out; box-shadow: 0 1px 2px rgba(60,64,67,0.1); } .gn-button-text { font-size: 17px; / Increased font size / font-weight: 700; / Maximum boldness / letter-spacing: 0.1px; } .gn-button:hover { background: #f8f9fa; border-color: #d2d2d2; box-shadow: 0 2px 4px rgba(60,64,67,0.2); transform: translateY(-1px); } .gn-icon { width: 22px; / Matched to larger text size / height: 22px; object-fit: contain; } / 5. 📱 Mobile Optimization / @media (max-width: 480px) { .gn-card { padding: 20px; } .gn-header { flex-direction: column; align-items: flex-start; gap: 10px; } .gn-title { font-size: 20px; } .gn-description { font-size: 16px; } .gn-button { width: 100%; justify-content: center; box-sizing: border-box; padding: 14px 10px; } .gn-button-text { font-size: 15px; / Scaled slightly for small screens / } } Even though asset management stood out as the company’s revenue spinner, contributing 34.4 per cent and 32 per cent to topline and bottom line respectively, UCAMAL, its newly established West Africa asset management subsidiary, ended up as the problem child of the group, posting a N258.4 million loss. That division was the only loss-making business among the group’s subsidiaries. Last June, United Capital announced the launch of UCAMAL, which is based in Abidjan, in furtherance of its pan-African expansion drive, opening it up to opportunities on the investment banking landscape in the West African region beyond Nigeria, its base. In the same month, it introduced to the regional market two mutual funds – UCAMWAL Bond Fund and UCAMWAL Diversified Fund – both denominated in CFA franc. ALSO READ: United Capital Group completes recapitalisation of SEC-regulated subsidiaries over a year ahead of deadline The stronger earnings performance also derived strength from a muted increase in total expenses, which grew by 1.6 per cent. Profit before income tax jumped by 72.9 per cent to N11.6 billion, while profit after tax climbed to N9.8 billion from N5.9 billion. The group posted N29.9 billion as total comprehensive income, up from N10.9 billion, helped by a N19.9 billion earned as fair value gain on investments in equity instruments measured at FVTOCI (net of tax). Return on equity stood at 5.9 per cent. United Capital’s market capitalisation stood at N290.7 billion at the end of trade on Monday. Share this: Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to email a link to a friend (Opens in new window) Email Click to print (Opens in new window) Print Stay Ahead with Premium Times Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting. Add as a preferred source on Google / 1. 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