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?
Disclaimer
The user WaneInvestmentHouse holds no position in NGSE:NGXGROUP. Simply Wall St has no position in any of the companies mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.