AVA Capital Plc reported pretax profit of N2.63 billion for the nine months ended Sept. 30, as revenue rose to N5.87 billion following the expansion of its operations as an integrated financial services group.
The results mark the company's first nine-month reporting period as a combined group comprising AVA Capital Plc, AVA Global Asset Managers Ltd., AVA Trustees Ltd. and AVA Securities Ltd., the company said in a statement.
Profit after tax was N1.84 billion, with a pretax margin of 44.8 percent, according to the unaudited results. Total assets stood at N94.43 billion.
Client investment funds stood at N77.79 billion as of Sept. 30, compared with N9.24 billion at the end of 2025, reflecting growth in the asset management business.
"Our first nine-month results as a combined group demonstrate the strength of our operating model and the opportunities ahead," Kayode Fadahunsi, managing director and chief executive officer, said.
"We delivered N2.63 billion in profit before tax at a margin of 44.8 percent, while maintaining costs at 39.9 percent of income."
"The third quarter contributed N1.17 billion to profit before tax, while client investment funds grew to N77.79 billion."
Group revenue comprised N4.05 billion in interest income, N1.26 billion in fees and commission income and N558.93 million in other income.
At the company level, revenue increased to N1.99 billion from N511.7 million in the year-earlier period. Pretax profit rose to N1.35 billion from N232.81 million, while profit after tax increased to N942.35 million from N162.96 million.
Fadahunsi said the focus remains on disciplined execution and client relationships.
"We are not building AVA simply to be the biggest in the room; we are building it to be the most trusted," he said.
The company said the unaudited results should be read alongside its management accounts available through its investor relations channels.
