AVA Capital Posts N2.63bn Profit Before Tax in Nine Months

AVA Capital Plc yesterday announced its unaudited profit before tax of N2.63 billion for the nine-month ended September 30, 2026.

The Group on the Nigerian Exchange Limited (NGX) said its revenue rose to N5.87 billion, reflecting the expanded scale of the company’s operations as an integrated financial services group.

For the period under review, the Group recorded profit after tax of N1.84 billion and a profit before tax margin of 44.8per cent. Total assets stood at N94.43 billion as of September 30, 2026 from N19.14 billion reported in the full year ended December 31, 2025.

The results mark AVA Capital’s first nine-month reporting period as a combined group, comprising AVA Capital Plc, AVA Global Asset Managers Limited, AVA Trustees Limited and AVA Securities Limited.

Client Investment Funds stood at N77.79 billion as of September 30, 2026, compared with N9.24 billion at the end of 2025, reflecting strong growth in the Group’s asset management business.

Commenting on the performance,Managing Director/Chief Executive Officer of AVA Capital, Kayode Fadahunsi in a statement said: “Our first nine-month results as a combined Group demonstrate the strength of our operating model and the opportunities ahead.

“We delivered N2.63 billion in profit before tax at a margin of 44.8per cent, while maintaining costs at 39.9per cent of income. The third quarter contributed N1.17 billion to profit before tax, while Client Investment Funds grew to N77.79 billion.

“We are not building AVA simply to be the biggest in the room; we are building it to be the most trusted. Our focus remains on disciplined execution, operational efficiency and lasting client relationships, while creating sustainable value for shareholders.”

The Group’s nine-month revenue comprised N4.05 billion in interest income, N1.26billion in fees and commission income, and N558.93 million in other income.

At the Company level, revenue increased to N1.99 billion, compared with N511.70 million in the corresponding period of 2025. Profit before tax rose to N1.35 billion from N232.81 million, while profit after tax increased to N942.35 million from N162.96 million.