The Group CEO of United Capital Plc, Peter Ashade, says the corporate is working to roll out at the least 5 mutual funds by its newly launched subsidiary, United Capital Asset Administration West Africa Restricted (UCAMWAL), earlier than the top of 2025.
Ashade shared this through the firm’s investor and analyst name held just about on August 6, the place the agency mentioned its half-year efficiency and outlook for the remainder of the yr.
When requested concerning the anticipated {financial} contribution of UCAMWAL to the Group, Ashade mentioned:
“We’re optimistic in turning round our new enterprise earlier than six to at least one yr to contribute to the revenue of the group, going by the antecedent on how our different companies have turned to earnings inside a brief time period.”
He added that UCAMWAL, launched in June 2025, already provides two mutual funds throughout eight West African international locations and plans to develop that quantity to 5 by the top of the yr.
“We might finish this yr with no fewer than 5 completely different mutual funds. We’re assured concerning the affect of this West African subsidiary,” he mentioned.
United Capital Asset Administration West Africa Restricted is the West African subsidiary of United Capital Plc, with companies out there to eight member international locations.
These international locations — Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo — all fall beneath the West African {Economic} and Financial Union (WAEMU).
On the launch, United Capital launched two CFA franc-denominated mutual funds, accessible to clients throughout these international locations.
When requested whether or not the Group plans to increase into extra African markets, the CEO responded:
“We now have a really audacious aim in the case of African integration and growth. We even have our eyes set past the continent, because the world is now a worldwide village.”
He additionally pointed to the Group’s constant efficiency and its efforts to keep up investor confidence as a basis for future progress.
United Capital Plc reported a Revenue Earlier than Tax (PBT) of N7.06 billion for the second quarter ended June 30, 2025, representing a 42.24% year-on-year improve.
Gross earnings for Q2 stood at N10.63 billion, an 18.33% improve year-on-year.
On the steadiness sheet, whole property declined to N1.5 trillion from N1.7 trillion in December 2024. Nonetheless, shareholders’ fairness grew by 25% in six months to N166.91 billion, up from N133.50 billion.
