WorldStage– AVA Capital Plc has released its unaudited financial statements for the third quarter ended September 30, 2026, demonstrating robust financial growth across core business pillars following its structural transition to a public limited company.
The group reported an impressive Profit Before Tax (PBT) of ₦2.63 billion for the nine-month period, underpinned by strong operational momentum and an expansive scale across its subsidiaries: AVA Securities Limited, AVA Global Asset Managers Limited, and AVA Trustees Limited.
Key Financial Highlights (Q3 2026 vs. Prior Periods)
Gross Earnings / Revenue: The Group closed the nine-month period with total revenue of ₦5.87 billion, a stellar leap driven by strong interest income contribution of ₦4.05 billion and fees/commission income totaling ₦1.26 billion.
Profitability: Profit After Tax (PAT) for the group stood at ₦1.84 billion, reflecting a healthy net profit margin and efficient cost optimization, marked by a disciplined cost-to-income ratio.
Standalone Performance: At the company level, gross earnings reached ₦2.25 billion (compared to ₦511.70 million in Q3 2025), with a PBT of ₦1.35 billion and a PAT of ₦942.35 million.
Asset Base Expansion: Total assets scaled remarkably to ₦94.43 billion as of September 30, 2026, up from ₦19.14 billion at the close of fiscal year 2025. This expansion was heavily driven by rapid growth in client investment funds and fixed deposits under management.
Client Funds Under Management: Total assets and funds managed on behalf of third parties (including fixed deposits and commercial papers) surged to ₦86.81 billion for the group, highlighting deepening trust and market confidence in AVA’s asset management expertise.
Segment Performance & Strategic Positioning
Managed under the leadership of Managing Director Mr. Samson Olukayode Fadahunsi, the group continues to capitalize on its diversified financial services portfolio:
AVA Securities Limited: Sustained solid execution in fixed income and equity brokerage, benefiting from robust activity across Nigerian trading platforms.
AVA Global Asset Managers Limited: Notched major gains scaling discretionary and non-discretionary portfolios alongside collective investment schemes.
AVA Trustees Limited: Expanded its footprint in corporate trust, private family trust structures, and estate administration.
Regulatory Compliance and Free Float Status
The report confirms that AVA Capital PLC maintains full compliance with the Nigerian Exchange Group’s (NGX) free float requirements for the Main Board. The company’s free float stands at 22.08%, represented by over 1.10 billion shares in value exceeding ₦6.23 billion, placing the firm on strong footing as it continues executing its long-term strategic roadmap in Nigeria’s capital markets.
