By Radarr Africa Business Desk
October 26 (Radarr Africa) – NGX Group Plc, the parent of the Nigerian Exchange, posted a profit before tax of N20.58 billion for the nine months to September 30, 2026, up 83.29 per cent from N11.23 billion a year earlier, according to its unaudited results as reported by Nairametrics.
Profit after tax rose 86.44 per cent to N14.69 billion from N7.88 billion. Total revenue climbed 79.79 per cent to N27.26 billion from N15.16 billion, while total income rose 64.78 per cent to N29.57 billion.
Transaction fees were the main driver. They more than doubled, rising 112.39 per cent to N20.68 billion from N9.74 billion, and accounted for 75.87 per cent of revenue, up from 64.23 per cent. Nairametrics calculated that transaction fees supplied N10.94 billion of the N12.10 billion increase in revenue.
Listing fees rose 24.44 per cent to N3.73 billion from N3.00 billion. Treasury investment income slipped 3.40 per cent to N2.07 billion. Other income fell 16.95 per cent to N2.31 billion, with net foreign exchange losses widening to N603.30 million from N29.53 million.
Operating expenses rose 56.80 per cent to N14.71 billion, but operating profit still grew 73.53 per cent to N14.87 billion. The group had no finance costs in the period, compared with N708.85 million a year earlier.
The group’s share of profit from equity-accounted investees rose 69.55 per cent to N5.72 billion. The Central Securities Clearing System (CSCS), in which NGX Group holds 43.52 per cent, contributed N5.71 billion, up from N3.95 billion. NG Clearing, in which it holds 27.7 per cent, made a profit of N4.29 million, against a loss of N573.60 million a year earlier.
On the balance sheet, total assets stood at N79.11 billion at September 30, up 11.35 per cent from N71.05 billion in December 2025. Total equity rose 10.62 per cent to N61.07 billion. Cash and cash equivalents fell 36.77 per cent to N1.61 billion, while investment securities rose 28.38 per cent to N35.70 billion.
The results arrive as Nigeria’s equities market has been weak in recent weeks. Nairametrics reported that the NGX All-Share Index fell 0.13 per cent, or 317.46 points, to 247,222.27 in the week ended October 23, its fourth straight weekly decline. Market capitalisation closed the week at N160.519 trillion, and the year-to-date return was 58.87 per cent.
NGX Group’s own shares were among the week’s biggest losers. They dropped 10.29 per cent to N152.50 from N170.00, a fall of N17.50 per share. Even so, the stock is up about 117.86 per cent year to date, from N70.00 at the start of 2026, Nairametrics reported.
Trading activity was mixed across the week. Volume rose about 22 per cent to 2.024 billion shares, and value rose about 13 per cent to N110.773 billion. Decliners outnumbered advancers 55 to 20.
By sector, the Industrial Goods index gained 1.95 per cent for the week, while the Insurance index lost 2.79 per cent, the Oil and Gas index lost 2.55 per cent and the Banking index lost 0.67 per cent, according to the same Nairametrics report. Banking stocks are down 7.25 per cent for the month.
The nine-month filing does not include comment from NGX Group executives, and Nairametrics did not quote any in its report.
