Nigerian Exchange Group Plc (NGX Group) reported a slight increase in profit after tax to N10.48 billion in 2025, up from N9.92 billion in 2024.
The Group disclosed this in its audited financial statement for the year ended December 31, 2025, released on Friday, February 27.
Pinnacle Daily analysis of the results shows that the modest growth in bottom-line earnings came despite stronger gains at the operating level.
Operating profit rose sharply by 44 per cent to N11.83 billion from N8.19 billion in the previous year, while profit before tax climbed 15 per cent to N15.55 billion.
Total revenue and other income grew to N26.21 billion, compared with N23.99 billion in 2024.
Earnings per share edged up to N4.75 from N4.50, and total comprehensive income increased to N13.54 billion.
READ ALSO:
- Seplat Revenue Jumps 144% After ExxonMobil Assets Acquisition
- Naira Rebound Faces Fiscal Test, Group Says
- How 10 Most Capitalised Stocks Control over 60% of NGX Market Cap
- NCR Heads NGX’s Top 10 Growth Stocks in 2025
The Group’s capital market and post-trade services segment remained the main source of income, contributing N23.20 billion, or about 88 per cent of total revenue. This segment covers trading, clearing and settlement activities.
The strategic investment segment generated N2.57 billion, while property management added N428.35 million.
Transaction fees were the largest revenue stream at N15.13 billion, followed by listing fees at N4.75 billion, together accounting for more than 86 per cent of total revenue.
Over five years, the Group’s financial position improved significantly.
Revenue rose from N5.78 billion in 2021 to N22.98 billion in 2025.
After recording an operating loss in 2022, the company returned to profitability and expanded steadily.
Total assets increased to N71.05 billion from N37.87 billion in 2021, while total equity grew to N55.20 billion.
Despite the improved results, NGX Group stated that it remains exposed to operational, market, credit and liquidity risks, including foreign exchange volatility.
The results show further that a 25 per cent movement in the United States dollar exchange rate could have an estimated N595.6 million impact on operating profit.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
