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NGX Group declared an interim dividend of ₦1.30 per share after posting a record first-half performance, with profit before tax surging 170 percent to ₦14.76 billion.
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Revenue more than doubled to ₦17.60 billion, driven by a sharp increase in transaction fees, stronger listing income and higher contributions from investee companies.
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The Group said it will continue investing in technology, market infrastructure and strategic initiatives as it deepens Nigeria’s capital market and delivers sustainable long-term value to shareholders.
July 27, (THEWILL) — Nigerian Exchange Group Plc (NGX Group) has declared an interim dividend of ₦1.30 per ordinary share after posting its strongest half-year financial performance on record, with profit before tax soaring 170 percent on the back of increased market activity, improved operating efficiency and stronger earnings from investee companies.
The Group’s unaudited financial results for the six months ended June 30, 2026, showed revenue more than doubled to ₦17.60 billion from ₦8.08 billion in the corresponding period of 2025, representing a 118 percent year-on-year increase. Total income also rose 96 percent to ₦19.34 billion.
Profit before tax climbed to ₦14.76 billion from ₦5.46 billion a year earlier, while profit after tax increased 146 percent to ₦10.36 billion from ₦4.22 billion.
Transaction fees fuel earnings growth
The record performance was largely driven by stronger trading activity across the Nigerian capital market.
Transaction fee income surged 169 percent to ₦13.34 billion from ₦4.96 billion in the first half of 2025. Listing fees also increased 59 percent to ₦2.38 billion, while technology income grew 19 percent to ₦447.86 million.
Operating profit rose 155 percent to ₦10.62 billion, compared with ₦4.16 billion recorded in the corresponding period last year, reflecting stronger operating leverage as income growth outpaced the increase in operating costs.
The Group also recorded a 130 percent increase in its share of profit from equity-accounted investee companies to ₦4.14 billion, driven mainly by the strong performance of Central Securities Clearing System Plc (CSCS).
Board, CEO express confidence
He said the Board remains committed to balancing attractive shareholder returns with continued investment in technology, market infrastructure and strategic initiatives needed to deepen Nigeria’s capital market.
Group Managing Director and Chief Executive Officer, Temi Popoola, said the first-half performance demonstrated the strength and scalability of NGX Group’s business model.
According to him, significantly higher transaction activity, increased listing income and stronger contributions from investee companies supported the robust earnings growth, while disciplined execution translated into improved profitability.
Balance sheet strengthens
NGX Group also reported a stronger financial position during the period, with total assets rising to ₦75.87 billion as of June 30, 2026, while shareholders’ equity increased to ₦60.49 billion from ₦55.20 billion at the end of 2025.
The Group said it remains focused on deepening market liquidity, expanding investor participation, accelerating technology-enabled products, and creating sustainable long-term value for shareholders while continuing to strengthen Nigeria’s capital market infrastructure.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
