United Capital Plc (NGX: UCAP)

United Capital Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	7,993	8,525	13,820	8,901	8,262	5,802
Net Interest Income	7,993	8,525	13,820	8,901	8,262	5,802
Brokerage Commission	12,861	8,096	8,123	6,160	3,471	1,963
Trading & Principal Transactions	6,046	3,977	2,443	1,182	753.23	136.17
Gain on Sale of Investments (Rev)	-107.89	850.61	-21.85	237.29	-10.37	-10.8
Other Revenue	1.82	2.13	2.11	4.03	4.39	701.52
Revenue Before Loan Losses	26,794	21,451	24,367	16,483	12,480	8,592
Provision for Loan Losses	2,733	-	-	-18.52	-88.97	-144.91
Revenue	24,061	21,451	24,367	16,502	12,569	8,737
Revenue Growth (YoY)	-25.29%	-11.96%	47.66%	31.29%	43.87%	-8.29%
Salaries & Employee Benefits	5,027	3,538	2,339	1,588	1,351	1,632
Cost of Services Provided	601.55	471.07	1,340	1,150	495.16	88.19
Other Operating Expenses	10,587	7,850	3,560	2,453	2,121	1,678
Total Operating Expenses	20,527	20,272	8,060	5,636	4,644	3,651
Operating Income	3,533	1,180	16,307	10,866	7,926	5,086
Currency Exchange Gains	29,017	24,212	1,883	1,367	5.89	-
Other Non-Operating Income (Expenses)	804.67	231.21	646.75	253.84	343.25	-
EBT Excluding Unusual Items	35,280	26,314	19,158	12,280	8,275	5,086
Gain (Loss) on Sale of Investments	-8,966	-9,010	-5,657	-362.36	-332.39	-135.84
Pretax Income	26,315	17,304	13,500	11,918	7,948	4,950
Income Tax Expense	7,381	5,885	3,847	658.86	136.49	-23.7
Net Income	18,934	11,420	9,653	11,259	7,811	4,973
Net Income to Common	18,934	11,420	9,653	11,259	7,811	4,973
Net Income Growth	81.92%	18.30%	-14.26%	44.14%	57.06%	14.65%
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)	1.05	0.63	0.54	0.63	0.43	0.28
EPS (Diluted)	1.05	0.63	0.54	0.63	0.43	0.28
EPS Growth	81.73%	18.09%	-14.26%	44.35%	56.82%	14.65%
Free Cash Flow	83,165	138,767	109,515	215,388	52,274	-340.83
Free Cash Flow Per Share	4.62	7.71	6.08	11.97	2.90	-0.02
Dividend Per Share	0.900	0.600	0.500	0.500	0.233	0.167
Dividend Growth	80.00%	20.00%	0%	114.32%	39.95%	66.70%
Operating Margin	14.69%	5.50%	66.92%	65.85%	63.05%	58.21%
Profit Margin	78.69%	53.24%	39.62%	68.23%	62.14%	56.92%
Free Cash Flow Margin	345.64%	646.89%	449.45%	1305.24%	415.89%	-3.90%
Effective Tax Rate	28.05%	34.01%	28.50%	5.53%	1.72%	-
Revenue as Reported	56,552	45,895	26,896	18,065	12,874	8,592

Source: S&P Capital IQ. Capital Markets template. Financial Sources.