NGX Group Interim Dividend dominated the Nigerian capital market on Monday after Nigerian Exchange Group Plc (NGX Group) announced an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, following a record first-half financial performance.
The Group said the interim dividend reflects stronger earnings, improved cash generation and the Board’s confidence in its long-term growth strategy while maintaining investments in technology, market development and strategic opportunities across Nigeria’s capital market ecosystem.
NGX Group reported revenue of N17.60 billion in the first half of 2026, representing a 118 per cent increase from N8.08 billion recorded in the corresponding period of 2025.
Total income rose 96 per cent to N19.34 billion, compared with N9.86 billion a year earlier.
The Group attributed the growth primarily to increased market activity, with transaction fee income rising 169 per cent to N13.34 billion from N4.96 billion.
Listing fees increased 59 per cent to N2.38 billion, while technology income grew 19 per cent to N447.86 million.
Operating profit climbed 155 per cent to N10.62 billion, up from N4.16 billion in the first half of 2025, reflecting stronger operating leverage as revenue growth outpaced operating expenses.
NGX Group also reported a 130 per cent increase in its share of profit from equity-accounted investee companies to N4.14 billion, driven largely by improved earnings from Central Securities Clearing System Plc (CSCS).
As a result, profit before tax increased 170 per cent to N14.76 billion, compared with N5.46 billion in the same period last year.
Profit after tax rose 146 per cent to N10.36 billion, from N4.22 billion in the corresponding period of 2025.
The Group’s balance sheet also strengthened, with total assets increasing to N75.87 billion as of June 30, 2026, while shareholders’ equity rose to N60.49 billion, from N55.20 billion at the end of 2025.
Chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga, said the Board’s approval of the interim dividend demonstrates confidence in the company’s long-term outlook.
“The Board’s approval of an interim dividend of N1.30 per ordinary share reflects the strength of NGX Group’s first-half performance and our confidence in the Group’s long-term prospects.
“We are encouraged by the significant growth recorded across the business and by the increasing contribution of companies within the Group’s investment portfolio. The Board remains committed to balancing attractive returns to shareholders with continued investment in infrastructure, technology and strategic initiatives required to deepen Nigeria’s capital market and position NGX Group for sustainable growth.”
Group Managing Director and Chief Executive Officer, Temi Popoola, said the results demonstrate the resilience and scalability of NGX Group’s business model.
According to him, stronger transaction activity, increased listing income and higher contributions from investee companies supported the Group’s performance, while disciplined execution translated revenue growth into improved profitability.
He said NGX Group would continue to focus on expanding investor participation, improving market liquidity, accelerating technology-driven products and strengthening its diversified financial market infrastructure business.
“The N1.30 interim dividend reflects both the progress made and our confidence in the Group’s capacity to deliver sustainable long-term value,” Popoola added.
NGX Group said shareholders whose names appear in the Register of Members on the qualification date will be entitled to receive the N1.30 interim dividend per ordinary share.
The qualification date, register closure period and payment date will be announced in line with the approved corporate action timetable and applicable regulatory requirements.
