The Nigerian Exchange Group Plc (NGX Group) has reported a significant increase in profit before tax for the nine months ended September 30, 2026. The company's profit before tax stood at N20.6 billion, representing an 83.3% growth from N11.2 billion recorded in the same period of 2025. This impressive performance is attributed to a structural shift in Nigeria's capital market, driven by more investors, increased retail participation, and a growing trend of digital self-service channels.
The company's profit after tax also rose by 86.4% to N14.7 billion, surpassing its full-year 2025 profit after tax of N10.5 billion by 40%, with a quarter of the year still to run. This remarkable growth is a testament to the company's ability to convert increased market activity into earnings while improving efficiency. The NGX Group is investing in people and infrastructure to support the next phase of growth, ensuring it can efficiently and securely absorb the next wave of investors.
A key driver of the company's growth is the increasing adoption of digital self-service channels by retail investors. Transaction fees more than doubled to N20.7 billion, driven by higher trading volumes and a widening investor base. The company's digital platforms have made it easier for investors to access the market, from account opening to order execution. This has contributed significantly to the company's revenue growth.
The company's earnings per share (EPS) stood at N5.33 for the period, reflecting the enlarged share base following the 1-for-3 bonus issue approved by shareholders in April 2026. The EPS for the same period in 2025 was N2.68, restated for the bonus issue. The growth in EPS is a reflection of the company's improved profitability and its commitment to creating value for shareholders.
Group Managing Director/Chief Executive Officer, Temi Popoola, attributed the company's growth to the increasing participation of Nigerians in the capital market, particularly through digital channels. He stated that the company's investment in people, infrastructure, and technology is aimed at supporting the next phase of growth and ensuring that the market can absorb the increasing number of investors efficiently and securely.
The NGX Group's growth is a positive development for Nigeria's capital market, which has been working to increase investor participation and improve efficiency. The company's focus on digital channels is in line with global trends, where technology is playing an increasingly important role in facilitating access to financial markets. The company's investment in technology and infrastructure is expected to support its continued growth and development.
The company's performance is also a reflection of its commitment to creating real wealth for investors. With more Nigerians investing in the capital market, the NGX Group is well-positioned to continue to drive growth and development in the market. The company's focus on efficiency, investor participation, and digital channels is expected to support its continued growth and success in the years to come.
Key points
- NGX Group's profit before tax grows 83.3% to N20.6bn for 9 months ended September 30, 2026.
- Transaction fees more than double to N20.7bn, driven by higher trading volumes and a widening investor base.
- Earnings per share stand at N5.33, reflecting the enlarged share base following the 1-for-3 bonus issue.
