February 27, (THEWILL) — Nigerian Exchange Group (NGX Group) has reported a Profit Before Tax (PBT) of ₦15.6 billion for the financial year ended December 31, 2025, reflecting improved earnings resilience, stronger margins, and a reinforced balance sheet despite macroeconomic headwinds.
The Group’s audited financial statements, approved by the Board of Directors on February 24, 2026, showed solid double-digit revenue growth, improved operating efficiency, and enhanced liquidity. In recognition of the strong performance, the Board declared a total dividend of ₦3.00 per share for FY 2025, a 50 percent increase year-on-year alongside a one-for-three bonus share issue.
NGX Group recorded a 36 per cent increase in core revenue to ₦22.9 billion in 2025, up from ₦16.9 billion in 2024. Operating profit rose by 44.4 per cent to ₦11.8 billion, while earnings per share stood at ₦4.75.
The Group also reported a year-on-year reduction in total expenses, reflecting improved cost discipline. Finance costs declined significantly by 67 percent, driven by substantial deleveraging of its balance sheet.
Revenue growth was supported by increased investor participation, improved customer penetration across core business segments, and rising confidence in Nigeria’s capital market.
As of December 31, 2025, total assets rose to ₦71.0 billion from ₦68.0 billion in the previous year. Shareholders’ equity strengthened to ₦55.2 billion, underpinned by retained earnings growth and a more conservative capital structure.
The improved debt-to-equity ratio highlights enhanced solvency and financial stability.
The Board approved a final dividend of ₦2.00 per ordinary share, bringing the total dividend for the year to ₦3.00 per share. Shareholders will also receive one new ordinary share for every three shares held, with April 10, 2026, set as the qualification date.
According to the Group, the dividend increase and bonus issue reflect balanced capital allocation, rewarding investors while preserving flexibility for future growth initiatives.
Group Chairman, Alhaji (Dr) Umaru Kwairanga, described the 2025 performance as a testament to the Group’s resilient business model and disciplined execution strategy. He noted that strong revenue growth, improved margins, and a strengthened balance sheet reinforce NGX Group’s commitment to delivering sustainable long-term value.
Kwairanga expressed confidence that the positive momentum would continue in 2026, citing growing investor confidence and a pipeline of new listings expected to deepen Nigeria’s capital market.
Group Managing Director and Chief Executive Officer, Mr Temi Popoola, said the Group’s 36 percent revenue growth, improved operating efficiency, and successful deleveraging have strengthened its capital base and financial flexibility.
He added that evolving regulatory standards, including the upward review of minimum capital requirements by the Securities and Exchange Commission (SEC), position NGX Group to meet new thresholds seamlessly while continuing to invest in liquidity expansion, product innovation, and market infrastructure.
With improved liquidity, diversified revenue streams, and a stronger capital base, NGX Group said it remains well-positioned to sustain its growth trajectory and deliver long-term value to shareholders and stakeholders.
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.
