United Capital Plc (NGX:UCAP)

United Capital Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	15,558	8,525	13,820	8,901	8,262
Net Interest Income	15,558	8,525	13,820	8,901	8,262
Brokerage Commission	14,588	8,096	8,123	6,160	3,471
Trading & Principal Transactions	6,410	3,977	2,443	1,182	753.23
Gain on Sale of Investments (Rev)	1,010	850.61	-21.85	237.29	-10.37
Other Revenue	35.58	2.13	2.11	4.03	4.39
Revenue Before Loan Losses	37,602	21,451	24,367	16,483	12,480
Provision for Loan Losses	98.73	-8.23	-	-18.52	-88.97
Revenue	37,503	21,460	24,367	16,502	12,569
Revenue Growth (YoY)	74.76%	-11.93%	47.66%	31.29%	43.86%
Salaries & Employee Benefits	5,350	3,538	2,339	1,588	1,351
Cost of Services Provided	734.32	471.07	1,340	1,150	495.16
Other Operating Expenses	10,911	7,850	3,560	2,453	2,121
Total Operating Expenses	17,993	20,272	8,060	5,636	4,644
Operating Income	19,511	1,188	16,307	10,866	7,926
Currency Exchange Gains	4,562	24,212	1,883	1,367	5.89
Other Non-Operating Income (Expenses)	1,267	231.21	646.75	253.84	343.25
EBT Excluding Unusual Items	27,967	26,322	19,158	12,280	8,275
Gain (Loss) on Sale of Investments	2,136	-9,018	-5,657	-362.36	-332.39
Pretax Income	30,103	17,304	13,500	11,918	7,948
Income Tax Expense	6,000	5,885	3,847	658.86	136.49
Net Income	24,103	11,420	9,653	11,259	7,811
Net Income to Common	24,103	11,420	9,653	11,259	7,811
Net Income Growth	111.06%	18.30%	-14.26%	44.14%	57.06%
Shares Outstanding (Basic)	18,000	18,000	18,000	18,000	18,000
Shares Outstanding (Diluted)	18,000	18,000	18,000	18,000	18,000
EPS (Basic)	1.34	0.63	0.54	0.63	0.43
EPS (Diluted)	1.34	0.63	0.54	0.63	0.43
EPS Growth	111.44%	18.09%	-14.26%	44.35%	56.82%
Free Cash Flow	461,448	138,767	109,515	215,388	52,274
Free Cash Flow Per Share	25.64	7.71	6.08	11.97	2.90
Dividend Per Share	1.400	0.600	0.500	0.500	0.233
Dividend Growth	133.33%	20.00%	-	114.32%	39.95%
Operating Margin	52.02%	5.54%	66.92%	65.85%	63.06%
Profit Margin	64.27%	53.22%	39.62%	68.23%	62.14%
Free Cash Flow Margin	1230.41%	646.64%	449.45%	1305.24%	415.89%
Effective Tax Rate	19.93%	34.01%	28.50%	5.53%	1.72%
Revenue as Reported	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.