NGX Group has announced a pre-tax profit of N14.76 billion for the first half of 2026, as disclosed in its unaudited financial results filed with the Nigerian Exchange (NGX). The group also declared an interim dividend of N1.30 per ordinary share for the period, reflecting a payout to shareholders from the strong earnings performance.
Financial Highlights
According to the financial statements, NGX Group achieved a pre-tax profit of N14.76 billion for the six months ended June 30, 2026. This represents an increase from the N12.87 billion reported in the corresponding period of 2025, marking a 14.7% growth. The group's revenue also rose to N22.5 billion, driven by higher transaction volumes on the exchange and increased listing fees.
Profit after tax stood at N10.35 billion, compared to N9.02 billion in H1 2025, a 14.8% improvement. The group's total assets grew by 8% to N120 billion, while shareholders' funds increased to N85 billion, underscoring a solid financial position.
Dividend Declaration
The board of directors of NGX Group has proposed an interim dividend of N1.30 per share for the period under review. This dividend is subject to appropriate withholding tax and will be paid to shareholders whose names appear on the company's register as of a date to be announced. The dividend payout represents a payout ratio of approximately 45% of profit after tax, consistent with the group's dividend policy.
Shareholders are expected to receive the dividend in the third quarter of 2026, pending regulatory approvals. The group has maintained a consistent dividend payment track record, rewarding shareholders for their investment.
Management Commentary
In a statement accompanying the results, the group said the positive performance was underpinned by strategic initiatives aimed at deepening the capital market and enhancing shareholder value. The Group Managing Director, Mr. Temi Popoola, was quoted as saying, "Our first-half results demonstrate the resilience of our business model and our ability to capitalize on market opportunities. We remain focused on executing our growth strategy and delivering value to all stakeholders."
The group also highlighted progress in its digital transformation agenda, which has improved efficiency and customer experience. New product launches and partnerships contributed to revenue diversification.
Market Impact and Outlook
The announcement of the strong results and dividend has been well received by market participants. Shares of NGX Group are expected to trade positively following the release. Analysts have noted that the performance is in line with expectations, given the increased activity in the Nigerian capital market in the first half of 2026.
Looking ahead, NGX Group projects sustained growth, supported by ongoing reforms in the financial markets and increased investor confidence. The group plans to expand its product offerings and enhance technology infrastructure to drive further efficiencies.
The full year 2026 outlook remains positive, with the group targeting double-digit growth in revenue and profitability. The interim dividend signals management's confidence in the company's cash flow generation and commitment to returning capital to shareholders.
