2025FY: NGX Group Reports 14.7% Increase in Profit to N15.6 Billion
Kayode Tokede
Nigerian Exchange Group Plc has reported audited results for the year ended December 31, 2025, posting double-digit revenue growth, improved operating margins, stronger liquidity and a reinforced balance sheet, underscoring earnings resilience amid a challenging macroeconomic environment.
In the year under review, NGX Group declared N15.6 billion profit before tax, representing an increase of 14.7 per cent from N13.6 billion declared in 2024, while core revenue closed 2025 at N22.9 billion, up by 36 per cent from N16.9 billion declared in 2024.
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 per cent following significant deleveraging of the Group’s balance sheet.
As at December 31, 2025, NGX Group maintained a strong financial position with total assets of N71 billion from N68 billion in 2024, as shareholders’ equity strengthened to N55.2 billion in 2025.
The improved debt-to-equity position reflected a conservative capital structure, enhanced solvency profile, and strong retained earnings growth.
Reflecting improved profitability and capital strength, the board approved a final cash dividend of N2.00 per ordinary share, bringing total dividend for FY 2025 to N3.00 per share, a 50 per cent increase year-on-year.
In addition, shareholders will receive one new ordinary share for every three shares held, with a qualification date of 10 April 2026.
The combined dividend increase and bonus issue reflected balanced capital allocation, rewarding shareholders, while maintaining financial flexibility to support strategic growth initiatives.
Commenting on the results, Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga, in a statement, 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.”
Group Managing Director/Chief Executive Officer, NGX Group, 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 (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.”
With improved liquidity, a strengthened capital base, and diversified revenue streams, NGX Group remained well positioned to sustain its growth trajectory and deliver long-term value to shareholders and stakeholders alike.
