Economy
AVA Capital Plc has reported a group profit before tax (PBT) of N1.46 billion for the first half of 2026.
The Managing Director of the company, Mr Olukayode Fadahunsi, disclosed this on Friday during the company’s “Facts Behind the Listing” presentation and listing by introduction ceremony at the Nigerian Exchange Ltd (NGX) on Friday in Lagos.
Fadahunsi said the group’s profit after tax for the six months ended June 30, stood at N1 billion, while total assets rose to N110.9 billion.
He said the company’s standalone investment banking business posted strong growth during the period, with revenue increasing year-on-year.
According to him, fee income surged by 402 per cent, while interest income increased by 54 per cent in the review period.
Fadahunsi said the group recorded an audited profit after tax of N614 million for the 2025 financial year and had executed transactions valued at more than N1.257 trillion since inception.
“AVA Capital has maintained a strong capital position, with shareholders’ funds of N12.7 billion, this exceeds the Securities and Exchange Commission’s minimum capital requirement for investment banking operations.
“AVA Global Asset Managers, AVA Securities Ltd. and AVA Trust Ltd. also met their respective regulatory capital requirements.
“We remain focused on increasing recurring income streams to improve earnings quality and provide more predictable returns for shareholders,” he said.
Fadahunsi explained that the company’s admission to the Nigerian Exchange through a listing by introduction did not involve the issuance of new shares or dilute the equity holdings of existing shareholders.
According to him, this will strengthen transparency, corporate governance and access to long-term growth.
He said that the decision to list reflected the company’s commitment to operating as a visible and accountable institution entrusted with managing investors’ capital.
Fadahunsi noted that the company would continue to leverage its integrated financial services platform to deepen capital market activities and deliver sustainable value to investors.
“We are not raising capital today. It is a listing by introduction because we believe that an institution that manages other people’s capital should operate in the public market where it is visible, disclosed and accountable,” he said.
Speaking on the company’s expansion plans, he said AVA Capital aimed to increase its client base from over 5,000 to 100,000 and expand its physical presence from four locations to 10 by 2030.
He said the company’s strategy was focused on increasing recurring income streams to improve earnings stability and enhance shareholder value.
On sustainability, Fadahunsi said the company had organised 32 sustainability training programmes, supported over 750 small and medium-sized enterprises through its foundation and maintained 50 per cent female representation in both its workforce and management.
He noted that the company remained committed to environmental sustainability through energy-efficient office facilities and investments in renewable energy solutions.
The Chairman of AVA Capital Plc, Dr Adeyinka Adedeji, said the company’s listing on the Main Board of the NGX reflected its confidence in Nigeria’s economy and the long-term potential of the country’s capital market.
Adedeji said the listing positioned AVA Capital to contribute more actively to capital mobilisation, enterprise development and wealth creation in Nigeria.
According to him, the company believes indigenous financial institutions have a greater role to play in supporting economic growth and expanding investment opportunities.
“Our admission to the Exchange is a statement of confidence in the Nigerian economy and the long-term prospects of our capital markets.
“We believe this is a pivotal moment for strong indigenous institutions to play a greater role in mobilising capital, supporting enterprises and creating enduring wealth for the nation,” he said.
Also speaking, the Chief Executive Officer of the NGX, Mr Jude Chiemeka, said the listing of AVA Capital demonstrated growing confidence in Nigeria’s capital market as a platform for sustainable growth.
“It is particularly gratifying to see a market operator taking advantage of the platform we provide.
“This demonstrates that the Exchange is a viable platform not only for corporates but also for institutions operating within the capital market ecosystem,” he said.
Chiemeka urged Ewa Capital to leverage opportunities within the NGX ecosystem, including increased global visibility through the Exchange’s membership of the World Federation of Exchanges (WFE), African Securities Exchanges Association (ASEA) and the International Organisation of Securities Commissions (IOSCO).
According to him, the Exchange currently has more than 319 listed securities, comprising 103 equities, 98 Federal Government bonds, 39 corporate bonds, seven commercial papers, four exchange-traded derivatives and 12 Exchange-Traded Funds (ETFs).
He noted that NGX facilitated capital raising of more than N2.1 trillion across various asset classes in the first half of 2026. (NAN)
F.O
Tags: AVA Capital PBT