Nigerian Exchange Group (NGX Group) Plc has declared an interim dividend of ₦1.30 per ordinary share after posting a strong financial performance for the first half of 2026, with profit before tax rising by 170 per cent, driven by increased market activity and stronger earnings from its investment portfolio.
According to the Group’s unaudited financial results for the six months ended June 30, 2026, revenue more than doubled to ₦17.60 billion from ₦8.08 billion recorded in the corresponding period of 2025, while total income rose by 96 per cent to ₦19.34 billion.
The impressive performance was largely supported by increased trading activity on the Nigerian capital market. Transaction fee income climbed by 169 per cent to ₦13.34 billion, while listing fees increased by 59 per cent to ₦2.38 billion. Technology income also grew by 19 per cent to ₦447.86 million.
The strong revenue growth translated into improved profitability, with operating profit rising by 155 per cent to ₦10.62 billion.
The Group also recorded higher returns from its investment portfolio, as its share of profit from equity-accounted investee companies rose by 130 per cent to ₦4.14 billion, largely driven by the performance of Central Securities Clearing System Plc.
As a result, profit before tax increased to ₦14.76 billion from ₦5.46 billion in the first half of 2025, while profit after tax grew by 146 per cent to ₦10.36 billion.
NGX Group also strengthened its 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.
Commenting on the results, Chairman of NGX Group, Umaru Kwairanga, said the Board’s decision to declare an interim dividend reflects confidence in the company’s financial performance and long-term growth prospects.
He noted that the Group remains committed to rewarding shareholders while continuing to invest in technology, market infrastructure and strategic initiatives that will deepen Nigeria’s capital market.
Group Managing Director and Chief Executive Officer, Temi Popoola, attributed the strong performance to higher transaction volumes, increased listing income, disciplined cost management and stronger contributions from investee companies.
He added that the Group would continue to focus on expanding market liquidity, increasing investor participation, advancing technology-driven products and diversifying its financial market infrastructure business.
NGX Group said shareholders whose names appear in the Register of Members on the qualification date will be entitled to receive the interim dividend, while details of the qualification and payment dates will be announced in accordance with regulatory requirements.
