NGX declares N1.30 interim dividend after H1 2026 profit jumps over 100%
NGX Group announced an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, after posting a record first‑half performance. Revenue jumped 118% year‑on‑year to N17.60 billion, total income rose 96% to N19.34 billion, profit before tax surged 170% to N14.76 billion and profit after tax climbed 146% to N10.36 billion. The dividend, subject to withholding tax, will be paid on August 5, 2026 to shareholders whose names appear on the Register of Members as of July 29, 2026; the register closes on July 30, 2026.
The strong results were driven by a 169% surge in transaction fees to N13.34 billion, a 59% rise in listing fees to N2.38 billion and a 130% increase in share of profit from equity‑accounted investees, mainly CSCS. Operating profit rose 155% to N10.62 billion, reflecting strong operating leverage as revenue grew faster than expenses. The group’s balance sheet strengthened, with total assets at N75.87 billion and shareholders’ equity at N60.49 billion.
For investors, the key points are: you must hold NGX shares by the close of trading on July 29 to receive the N1.30 dividend; payment will be made on August 5 after applicable taxes. The dividend signals confidence in sustained earnings momentum despite ongoing oil price and interest‑rate pressures. Will you hold your shares to capture the payout, or consider buying before the closure date to qualify?