Lagos: The Nigerian Exchange Group (NGX) has announced a profit of N2.1 billion for the first quarter of 2025. This was revealed in the company’s unaudited financial statement issued on Wednesday, marking a notable improvement from the N1.34 billion profit recorded during the same period in 2024.
According to News Agency of Nigeria, the NGX also reported a revenue of N3.56 billion for the first quarter of 2025, which reflects an increase from the N3.485 billion generated in the corresponding quarter of the previous year. The group’s Profit Before Tax (PBT) showed a significant rise, reaching N2.49 billion in the first quarter of 2025, compared to the N2 billion recorded in the first quarter of 2024.
The financial statement further disclosed that the NGX’s income tax expenses for the first quarter of 2025 amounted to N372.9 million, a 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.