The Nigerian Exchange Group Plc has reported core revenue of N22.9bn for the financial year ended 31 December 2025, about 36 per cent higher than N16.9bn in the previous year.
The board of directors also proposed a total dividend of N3.00 per share, reflecting improved financial performance and strengthened shareholder returns.
According to the audited results, approved by the Board of Directors at its meeting of 24 February 2026, operating profit rose 44.4 per cent to N11.8 bn, while profit before tax increased to N15.6 bn from N13.6 bn recorded in the previous year. Earnings per share stood at N4.75.
The group also reported a year-on-year reduction in total expenses, while finance costs declined 67 per cent following significant deleveraging of its balance sheet.
Revenue growth was driven by sustained expansion across core business segments, improved customer penetration supported by increased investor activity, and rising investor confidence.
As at 31 December 2025, NGX Group’s total assets rose to N71.0bn from N68.0bn in 2024, while shareholders’ equity strengthened to N55.2bn. The improved debt-to-equity position reflects a conservative capital structure, enhanced solvency profile and strong retained earnings growth.
The Board approved a final cash dividend of N2.00 per ordinary share, bringing the total dividend for the 2025 financial year to N3.00 per share, representing a 50 per cent year-on-year increase.
In addition, a bonus share issue was also approved, where shareholders will receive one new ordinary share for every three shares held, with a qualification date set for 10 April 2026.
The group stated that the combined dividend increase and bonus share issue reflect balanced capital allocation aimed at rewarding shareholders while maintaining financial flexibility to support strategic growth initiatives.
Commenting on the financial report, the NGX Group chairman, Dr Umaru Kwairanga, 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.
“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 new listings that will broaden and deepen the market.”
The Group Managing Director and Chief Executive Officer, Mr Temi Popoola, added, “We delivered strong top-line growth and enhanced profitability in 2025 despite macroeconomic headwinds. Our 36 per cent 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, 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.”
