NGX posts N1.30 dividend as profit hits N10.3bn in H1 2026

The Nigerian Exchange Group (NGX) Plc has announced an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026.

The NGX announced this in a statement issued on Sunday, July 26, 2026, saying the dividend reflected the strength of its earnings, improved cash generation, and the board’s confidence in the sustainability of its growth trajectory.

The Group said the dividend will also preserve its capacity to continue investing in technology, market development and strategic opportunities across the capital market value chain.

NGX Group’s revenue rose by 118 per cent to N17.60 billion in the first half of 2026 from N8.08 billion recorded in the corresponding period of 2025, while the total income increased by 96 per cent to N19.34 billion.

The Group attributed the strong performance to increased market activity, with transaction fees rising by 169 per cent to N13.34 billion from N4.96 billion.

Listing fees grew by 59 per cent to N2.38 billion, while technology income increased by 19 per cent to N447.86 million.

The NGX said operating profit rose by 155 per cent to N10.62 billion from N4.16 billion, reflecting strong operating leverage as income growth outpaced the increase in operating expenses.

The NGX’s share of profit from equity-accounted investees rose by 130 per cent to N4.14 billion, driven largely by strong performance of Central Securities Clearing System (CSCS) Plc.

The company’s profit before tax increased by 170 per cent to N14.76 billion from N5.46 billion, while profit after tax rose by 146 per cent to N10.36 billion from N4.22 billion recorded in the first half of 2025.

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The NGX added that its total assets stood at N75.87 billion as of June 30, 2026, while shareholders’ equity increased to N60.49 billion from N55.20 billion at the end of 2025.

Commenting on the performance, the Chairman of NGX Group, Umaru Kwairanga, said the board’s approval of the N1.30 interim dividend underscored the strength of the company’s first-half performance and confidence in its long-term prospects.

Kwairanga said: “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.”