United Capital Plc, a Pan-African investment bank and financial services group, reported N58.6 billion in revenue for the 2025 financial year, a 35 per cent increase from N43.43 billion in 2024. Profit after tax rose to N28.15 billion from N24.10 billion in the previous year. The growth was attributed to a 176 per cent surge in net trading income and a 59 per cent rise in fees and commission income. At the company's 13th Annual General Meeting in Abuja, Chairman Uche Ike said profit before tax increased by 37 per cent to N41.18 billion, up from N30.10 billion in 2024.
Total assets grew by four per cent to N1.76 trillion from N1.70 trillion, driven largely by investments in securities, which made up 76 per cent of total assets. Shareholders' funds rose 12 per cent to N150 billion from N133.50 billion. The group's Return on Average Equity stood at 20 per cent for 2025. Group Chief Executive Officer Peter Ashade described 2025 as a defining year and announced a final dividend of 70k per share, bringing the total dividend for the year to N1 per share, amounting to N18 billion. This marked a 25 per cent increase from the N14.4 billion paid in 2024. Ashade credited the performance to strategic focus and discipline, despite macroeconomic challenges such as high interest rates, currency volatility and regulatory changes. Shareholders at the meeting commended the company's growth and called for greater women's representation on the board, stronger anti-cybercrime measures, and continued efforts to boost dividend payouts.
Uche Ike and Peter Ashade celebrate strong returns while shareholders are left asking why women remain underrepresented on the board despite years of consistent profits. If the company can grow revenue by 35 per cent in a tough economy, it should be able to find qualified women for board roles. The same strategic discipline applied to trading and commissions has yet to be directed at internal diversity. Shareholders' calls for inclusion are not new, but the board's inaction speaks louder than its dividends.
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