… declares N3 dividend, 1 for 3 bonus issue
Nigerian Exchange Group Plc (NGX Group) had released its audited results for the year ended December 31, 2025.
The results show that NGX Group posted double-digit revenue growth, improved operating margins, stronger liquidity and a reinforced balance sheet, underscoring earnings resilience amid a challenging macroeconomic environment.
The Board of Directors approved the 2025 Audited Financial Statements at its meeting of 24 February 2026, following consideration of the report of the Board Risk and Audit Committee.
Reflecting improved profitability and capital strength, the Board declared a 50 percent year-on-year (YoY) increase in total dividend and approved a 1-for-3 bonus share issue.
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Financial performance highlights …
NGX Group recorded: core revenue growth of 36 percent to N22.9 billion (FY 2024: N16.9 billion); operating profit increased by 44.4 percent to N11.8 billion; Profit Before Tax of N15.6 billion, represents an increase from N13.6billion in 2024. Earnings per share of N4.75 was also recorded.
Year on year reduction in total expenses
Revenue expansion was driven by sustained growth across core business segments, improved customer penetration on the back of increased investor activity and rising investor confidence. Finance costs reduced by 67 percent following significant deleveraging of the Group’s balance sheet.
With improved liquidity, a strengthened 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 alike.
Balance sheet strengthens…
As at December 31, 2025, NGX Group maintained a strong financial position: Total assets increased to N71 billion (FY 2024: N68 billion); while shareholders’ equity strengthened to N55.2 billion.
The improved debt-to-equity position reflects a conservative capital structure, enhanced solvency profile, and strong retained earnings growth.
Enhanced shareholder returns…
The Board approved a final cash dividend of N2 per ordinary share, bringing total dividend for FY 2025 to N3 per share, a 50 percent increase year-on-year.
In addition, shareholders will receive one (1) new ordinary share for every three (3) shares held, with a qualification date of April 10,
2026. The combined dividend increase and bonus issue reflect balanced capital allocation, rewarding shareholders while maintaining financial flexibility to support strategic growth initiatives.
Leadership commentary…
Commenting on the results, Umaru Kwairanga, Group Chairman, NGX Group said, “Our 2025 performance demonstrates the resilience of our business model and the effectiveness of disciplined strategic execution. Strong revenue growth, improved operating margins and a strengthened balance sheet reinforce our commitment to delivering sustainable long-term
shareholder value”.
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“The increased dividend and bonus issue reflect the Board’s confidence in the sustainability of our earnings and the robustness of our capital position as we continue to deepen Nigeria’s capital markets. We are confident that the momentum that we have built in 2025 will be sustained given investor confidence in the Nigerian capital market and a pipeline of exciting newlistings that will broaden and deepen the market,” Kwairanga said.
Temi Popoola, Group Managing Director/Chief Executive Officer, NGX Group added, “We delivered strong top-line growth and enhanced profitability in 2025 despite macroeconomic headwinds. Our 36 percent core revenue growth, improved operating efficiency and successful deleveraging have strengthened our capital base and financial flexibility, supporting the increased dividend and bonus issuance.
“As regulatory standards evolve, including the recent upward review of minimum capital requirements by the Securities and Exchange Commission (SEC), our robust balance sheet positions us to meet new thresholds seamlessly while continuing to invest in liquidity expansion, product innovation and market infrastructure to build a resilient, globally competitive exchange group,” he added.
