According to the company’s unaudited financial statements, profit before tax for the nine months ended September 30, 2025, surged 79.6% to N11.2 billion, driven by higher trading activity, improved income diversification, and disciplined cost management.
In line with its performance, the NGX Group declared an interim dividend of N1.00 per ordinary share of 50 kobo each, to be paid electronically to shareholders on November 18, 2025.
Performance Highlights – Q3 2025
- Revenue: N7.08 billion (↑35.6%)
- Other Income: N1.00 billion (↑63.3%)
- Total Income: N8.08 billion (↑38.6%)
- Operating Profit: N4.41 billion (↑58.2%)
- Finance Cost: N206.8 million (↓69.4%)
- Profit Before Tax: N5.76 billion (↑62.5%)
- Profit After Tax: N4.65 billion (↑87.5%)
Transaction fees remained the largest revenue contributor, accounting for N4.77 billion, followed by listing fees (N1.49 billion) and treasury investment income (N661.7 million). Other income, boosted by market data revenue of N591.7 million, rose sharply to N1 billion, reflecting growing demand for market information services.
Despite a rise in operating expenses to N3.68 billion from N3.05 billion a year earlier, the Group achieved a 58.2% jump in operating profit, supported by declining finance costs and stronger associate income of N1.57 billion.
Financial Position
NGX Group reported total assets of N67.3 billion, slightly lower than N68 billion a year earlier, with investments in associates (N33 billion) and investment securities (N23.8 billion) making up the largest portions.
Total liabilities declined to N16 billion, down from N19.4 billion as of December 2024, following a reduction in debt obligations.
Shareholders’ equity improved to N51.2 billion, led by retained earnings of N47.5 billion, compared to N44.8 billion in the prior year.
As of October 30, 2025, NGX Group’s share price stood at N56, reflecting a 105.5% year-to-date gain, underscoring investor confidence in the Group’s strong fundamentals and growth outlook.
With sustained capital market activity and improving macroeconomic conditions, analysts expect NGX Group to maintain its positive earnings momentum into the final quarter of 2025.