NASD OTC Exchange Plc Records 646% Profit Growth in H1 2025 as Originating Income Soars 26,000%

NASD OTC Exchange Plc achieved an impressive 308% increase in revenue for the six months ended June 30, 2025, reaching N657 million, up from N161 million in H1 2024.

Profit Before Tax (PBT) rose by 646%, to N341 million, compared to a loss of N63 million during the prior period.

Operating leverage improved as the cost‑to‑income ratio reduced sharply to 48%, from 139% in the prior year, demonstrating improved cost discipline and streamlining.

A jump in originating income drove most of the recovery, increasing to N332 million from just N1.3 million in H1 2024, an unprecedented 26,000% increase.

The sharp spike underscores the impact of NASD’s new strategic focus and higher market engagement on underlying margins.

During a Lagos press briefing, Managing Director Eguarekhide Longe highlighted that NASD share price has risen 93.29% year to date, from N15.51 on January 1, 2025, to N29.98 as of July 31, 2025.

The exchange’s share price has increased by 1,898% since listing in 2013 at N1.50, at a compound annual growth rate (CAGR) of 28.35%.

Executing outstanding figures in FY 2024, the NASD Board has proposed a payout of 20 kobo cash dividend per ordinary share and a bonus share offer of one new share for every five held. These are subject to approval at the August Annual General Meeting.

Longe repeated that the H1 2025 performance validates NASD’s resilient business model and delivery of value to shareholders. Longe also urged the Federal Government to incentivize other public limited liability companies to list on NASD, stating that such an incentive would improve capital market access and further economic growth

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