NGX Group Records ₦15.6bn FY 2025 Profit, Raises Dividend to ₦3.00 and Announces Bonus Share Issue
By Rashidat Olushola Okunlade
Nigerian Exchange Group Plc (NGX Group) has released its audited financial results for the year ended December 31, 2025, posting a profit before tax of ₦15.6 billion, driven by strong revenue growth, improved operating efficiency, and a reinforced balance sheet.
The Group’s Board of Directors approved the results on February 24, 2026, after reviewing recommendations from the Board Risk and Audit Committee. Reflecting its solid financial performance, the Board declared a total dividend of ₦3.00 per share representing a 50 percent increase year-on-year and approved a 1-for-3 bonus share issue.
Robust Financial Performance
NGX Group recorded impressive gains across key performance indicators in 2025:
Core revenue grew by 36.0 percent to ₦22.9 billion from ₦16.9 billion in 2024
Operating profit rose by 44.4 percent to ₦11.8 billion
Profit before tax increased to ₦15.6 billion from ₦13.6 billion
Earnings per share stood at ₦4.75
Total expenses declined on a year-on-year basis
The strong performance was underpinned by increased investor participation, improved customer penetration, and heightened market confidence across its core business segments. Finance costs also declined significantly by 67 percent, reflecting effective deleveraging efforts.
Stronger Balance Sheet
As of December 31, 2025, NGX Group maintained a solid financial position:
Total assets rose to ₦71.0 billion from ₦68.0 billion in 2024
Shareholders’ equity increased to ₦55.2 billion
This reflects a strengthened capital structure, improved solvency, and sustained growth in retained earnings.
Enhanced Shareholder Value
The Board approved a final dividend of ₦2.00 per share, bringing the total dividend for the year to ₦3.00 per share. In addition, shareholders will receive one new ordinary share for every three shares held, with April 10, 2026, set as the qualification date.
The combined dividend increase and bonus share issuance highlight NGX Group’s commitment to rewarding shareholders while maintaining the flexibility required to fund future growth initiatives.
Leadership Commentary
Group Chairman, Umaru Kwairanga, stated that the Group’s 2025 performance underscores the resilience of its business model and disciplined execution strategy. He noted that the strengthened balance sheet and improved earnings reinforce NGX Group’s commitment to delivering sustainable long-term shareholder value.
Kwairanga added that the increased dividend and bonus issue reflect the Board’s confidence in the sustainability of earnings and the robustness of the Group’s capital position, expressing optimism that the positive momentum will continue amid growing investor confidence and a strong pipeline of new listings.
Also commenting, Group Managing Director/Chief Executive Officer, Temi Popoola, said the Group achieved strong revenue growth and improved profitability despite macroeconomic headwinds. He highlighted that enhanced operating efficiency and successful deleveraging have strengthened the Group’s financial flexibility, supporting higher shareholder returns.
Popoola further noted that evolving regulatory requirements, including recent capital threshold reviews by the Securities and Exchange Commission, position NGX Group to leverage its robust balance sheet to meet new standards while continuing to invest in liquidity expansion, product innovation, and market infrastructure.
With improved liquidity, a stronger capital base, and diversified revenue streams, NGX Group remains well-positioned to sustain its growth trajectory and deliver long-term value to shareholders and stakeholders.
