The Central Securities Clearing System (CSCS) Plc has announced record-breaking financial results for the first half of 2026, with the board of directors approving the company's first-ever interim dividend payment of N2.50 per share.
Record Revenue and Profit Growth
CSCS reported a 45% increase in revenue to N12.3 billion for the half-year ended June 30, 2026, compared to N8.5 billion in the same period last year. Profit after tax surged by 62% to N5.6 billion, up from N3.4 billion in H1 2025. The strong performance was driven by higher trading volumes on the Nigerian Exchange (NGX) and increased activity in the fixed-income market.
According to the company's financial statements, operating income rose to N11.8 billion, representing a 48% growth year-on-year. The earnings per share (EPS) improved to N3.20, compared to N1.95 in the prior year.
First Interim Dividend Approved
The CSCS board approved an interim dividend of N2.50 per share, marking the first time the company will pay an interim dividend. The dividend is payable to shareholders on the register as of August 10, 2026, and will be disbursed on August 24, 2026. The total payout amounts to approximately N4.4 billion.
“This record performance and the declaration of an interim dividend reflect our commitment to delivering value to shareholders,” said CSCS Managing Director and CEO, Mr. Haruna Jalo-Waziri. “We are pleased with the progress made in expanding our service offerings and improving operational efficiency.”
Strategic Initiatives and Market Outlook
CSCS attributed the strong results to strategic initiatives, including the automation of post-trade processes and the introduction of new products such as the Central Counterparty (CCP) clearing services. The company also benefited from the NGX's bullish run, with the All-Share Index gaining 12% in the first half of 2026.
The board expressed optimism about the second half of the year, citing sustained investor confidence and potential capital market reforms. CSCS plans to invest further in technology to enhance its clearing and settlement infrastructure.
“We remain focused on our strategic objectives, which include deepening the capital market and providing innovative solutions to our clients,” Jalo-Waziri added.
Financial Highlights
- Revenue: N12.3 billion (up 45% from N8.5 billion)
- Profit after tax: N5.6 billion (up 62% from N3.4 billion)
- Earnings per share: N3.20 (up from N1.95)
- Interim dividend: N2.50 per share
- Dividend payout date: August 24, 2026
The record results and dividend declaration have been well received by market analysts, who see it as a sign of CSCS's financial strength and commitment to shareholder returns. The company's shares have gained 18% year-to-date on the NGX.
