United Capital Plc (NGX:UCAP)

United Capital Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	20,416	15,558	8,525	13,820	8,901	8,262
Net Interest Income	20,416	15,558	8,525	13,820	8,901	8,262
Brokerage Commission	19,629	14,588	8,096	8,123	6,160	3,471
Trading & Principal Transactions	5,067	6,410	3,977	2,443	1,182	753.23
Gain on Sale of Investments (Rev)	2,617	1,010	850.61	-21.85	237.29	-10.37
Other Revenue	23.66	23.58	2.13	2.11	4.03	4.39
Revenue Before Loan Losses	47,753	37,590	21,451	24,367	16,483	12,480
Provision for Loan Losses	847.87	98.73	-8.23	-	-18.52	-88.97
Revenue	46,905	37,491	21,460	24,367	16,502	12,569
Revenue Growth (YoY)	114.27%	74.71%	-11.93%	47.66%	31.29%	43.86%
Salaries & Employee Benefits	6,170	5,350	3,538	2,339	1,588	1,351
Cost of Services Provided	1,042	734.32	471.07	1,340	1,150	495.16
Other Operating Expenses	13,191	10,899	7,850	3,560	2,453	2,121
Total Operating Expenses	21,462	17,981	20,272	8,060	5,636	4,644
Operating Income	25,443	19,511	1,188	16,307	10,866	7,926
Currency Exchange Gains	2,921	4,562	24,212	1,883	1,367	5.89
Other Non-Operating Income (Expenses)	1,354	1,267	231.21	646.75	253.84	343.25
EBT Excluding Unusual Items	32,921	27,967	26,322	19,158	12,280	8,275
Gain (Loss) on Sale of Investments	1,919	2,136	-9,018	-5,657	-362.36	-332.39
Pretax Income	34,840	30,103	17,304	13,500	11,918	7,948
Income Tax Expense	6,585	6,000	5,885	3,847	658.86	136.49
Net Income	28,255	24,103	11,420	9,653	11,259	7,811
Net Income to Common	28,255	24,103	11,420	9,653	11,259	7,811
Net Income Growth	95.30%	111.06%	18.30%	-14.26%	44.14%	57.06%
Shares Outstanding (Basic)	18,000	18,000	18,000	18,000	18,000	18,000
Shares Outstanding (Diluted)	18,000	18,000	18,000	18,000	18,000	18,000
EPS (Basic)	1.57	1.34	0.63	0.54	0.63	0.43
EPS (Diluted)	1.57	1.34	0.63	0.54	0.63	0.43
EPS Growth	95.57%	111.44%	18.09%	-14.26%	44.35%	56.82%
Free Cash Flow	99,555	461,448	138,767	109,515	215,388	52,274
Free Cash Flow Per Share	5.53	25.64	7.71	6.08	11.97	2.90
Dividend Per Share	0.800	0.800	0.600	0.500	0.500	0.233
Dividend Growth	-11.11%	33.33%	20.00%	-	114.32%	39.95%
Operating Margin	54.24%	52.04%	5.54%	66.92%	65.85%	63.06%
Profit Margin	60.24%	64.29%	53.22%	39.62%	68.23%	62.14%
Free Cash Flow Margin	212.25%	1230.81%	646.64%	449.45%	1305.24%	415.89%
Effective Tax Rate	18.90%	19.93%	34.01%	28.50%	5.53%	1.72%
Revenue as Reported	52,045	43,431	45,895	26,896	18,065	12,874

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.