AVA Capital Plc announced an unaudited profit before tax of N2.63 billion for the nine months ended September 30, 2026, according to NGX filings. Revenue rose to N5.87 billion, the company said, reflecting expanded operations following its combination as an integrated financial services group comprising AVA Capital Plc, AVA Global Asset Managers Limited, AVA Trustees Limited and AVA Securities Limited. Profit after tax reached N1.84 billion, with a profit before tax margin of 44.8 per cent.
Total assets jumped to N94.43 billion as of September 30, 2026 from N19.14 billion at the end of 2025, the company said. Client Investment Funds grew substantially to N77.79 billion from N9.24 billion at year-end 2025, signalling strong expansion in the group's asset management operations. The third quarter contributed N1.17 billion to profit before tax during the period.
Revenue composition showed N4.05 billion in interest income, N1.26 billion in fees and commission income, and N558.93 million in other income across the nine-month period, AVA Capital said. The group maintained operating costs at 39.9 per cent of income. At company level, revenue increased to N1.99 billion from N511.70 million in the corresponding 2025 period, with profit before tax rising to N1.35 billion from N232.81 million and profit after tax climbing to N942.35 million from N162.96 million.
Managing Director and Chief Executive Officer Kayode Fadahunsi said in a statement that the results demonstrated the strength of the operating model. He noted the group's focus on "disciplined execution, operational efficiency and lasting client relationships, while creating sustainable value for shareholders", adding that AVA aimed "to be the most trusted" rather than simply the largest in the sector.