NGX records N2.1bn profit, N3.56bn revenue in Q1 2025
By Taiye Olayemi
The Nigerian Exchange Group (NGX) has announced a profit of N2.1 billion for the first quarter of 2025.
The Exchange disclosed this in its unaudited financial statement released on Wednesday.
This represents an increase compared to the N1.34 billion profit recorded during the same period in 2024.
The NGX also reported a revenue of N3.56 billion for the first quarter of 2025, up from the N3.485 billion generated in the corresponding quarter of the previous year.
The group’s Profit Before Tax (PBT) saw a significant rise, reaching N2.49 billion in first quarter 2025, compared to the N2 billion recorded in the first quarter of 2024.
The financial statement further revealed that the NGX’s income tax expenses for the first quarter of 2025 amounted to N372.9 million, a considerable decrease from the N675.7 million recorded during the same period in 2024.
This positive financial performance in the first quarter of 2025 underscores the NGX’s continued growth and resilience within the Nigerian capital market. (NAN) (www.nannews.ng)
Edited by Olawunmi Ashafa
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