United Capital, an investment banking firm, has proposed a final dividend payout of N12.6 billion for the full year ended December 31, 2025, after reporting a 16.5 percent increase in its profit after tax.
In a corporate action announcement, the company disclosed that a final dividend of N0.70 kobo (N12.6 billion), subject to appropriate withholding tax and approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on April 7, 2026.
Adding that an interim dividend of N0.30 kobo (N5.4 billion) per N0.50 kobo ordinary share was paid at half-year to shareholders, bringing the total dividend for the year to N1.00 per share (N18 billion).
“On April 24, 2026, dividends will be paid electronically to shareholders whose names appear on the Register of Members as of April 7, 2026, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts,” the company disclosed.
According to the full-year audited statement, United Capital Plc reported a profit after tax of N28.15 billion for the year ended December 31, 2025, an increase from N24.10 billion in 2024, driven by higher fee income, trading gains, and fair-value investment income.
Gross earnings rose to N58.55 billion from N43.43 billion in the previous year, reflecting expansion across the group’s core business lines. Earnings per share increased to 156 kobo from 134 kobo.
Fee and commission income climbed to N23.25 billion from N14.59 billion, while net trading income rose sharply to N17.66 billion from N6.41 billion in 2024.
Net gains on financial assets measured at fair value through profit or loss increased to N16.44 billion from N1.01 billion, offsetting a net other loss of N11.43 billion compared with a N5.86 billion gain in the prior year.
Net investment income declined to N12.62 billion from N15.56 billion.
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Total operating expenses rose to N19.23 billion from N15.96 billion, largely on higher other operating costs of N20.37 billion and personnel expenses of N5.70 billion. A credit impairment write-back of N7.77 billion supported profitability.
Total assets increased to N1.76 trillion from N1.70 trillion, driven by growth in investment securities to N1.34 trillion from N1.13 trillion and loans and advances to N68.78 billion from N59.02 billion.
Cash and cash equivalents declined to N287.10 billion from N337.01 billion.
Managed funds rose to N993.64 billion from N846.60 billion, while borrowed funds fell to N372.30 billion from N406.06 billion.
Shareholders’ funds grew to N150 billion from N133.50 billion, supported by retained earnings of N53.19 billion.
The group’s total regulatory capital stood at N522.01 billion, with Tier 1 capital of N62.70 billion, remaining above minimum regulatory requirements.