Nigerian Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended December 31, 2024, achieving a remarkable 157.3% year-on-year growth in profit before tax (PBT) to N13.6 billion.
Key Point: NGX Group's impressive financial performance was driven by robust revenue expansion, strategic cost optimization, and increased market participation, demonstrating the group's resilience and financial strength.
The group's financial highlights include:
- Gross earnings surged by 103.2% to N24.0 billion in FY 2024
- Transaction fees rose 64.0% due to heightened market activity
- Listing fees increased by 397.1%, reflecting stronger capital market participation
- Treasury investment income climbed 45.6%, highlighting effective asset management
- Market data revenue grew by 100.5%, contributing to a 102.6% rise in other income
In recognition of this outstanding performance, the Board of Directors approved a final dividend of N4.4 billion, translating to N2.00 per share, the highest dividend payout in the group's history.
How well do narratives help inform your perspective?