CSCS declares N1 interim dividend after strong half-year earnings

The Central Securities Clearing System (CSCS) Plc has announced an interim dividend of ₦1 per ordinary share for the six months ended June 30, marking its first-ever interim payout. The company disclosed the decision in Lagos on Monday, citing strong cash generation, a resilient balance sheet, and confidence in the sustainability of its earnings.

The interim dividend represents 56% of the total ₦1.78 per share dividend paid for the 2025 financial year. CSCS reported that operating income rose 92% to ₦18.51 billion, driven by higher transaction fees, growth in depository services, expanding collateral management revenues, and increased contributions from data and technology-enabled services. Investment income also grew as the company optimised its portfolio.

Operating expenses increased by 38%, but the sharp rise in income pushed operating profit up 186% to ₦10.11 billion. Profit before tax climbed 115% to ₦13.21 billion, while earnings per share rose to 190.1 kobo, compared with 109.1 kobo in the same period of 2025.

The company’s cost-to-income ratio improved to 45.4% from 63.2%, while operating profit margin strengthened to 54.6% from 36.8%.

CSCS attributed the performance to stronger market activity, improved operational efficiency, disciplined cost management, and the scalability of its business model.

Chairman Temi Popoola said the interim dividend reflected the board’s confidence in the company’s financial strength and long-term strategy. “We remain committed to balancing shareholder returns with investments in technology, innovation, resilience and new growth opportunities,” he noted.

Managing Director Shehu Shantali added that the results underscored the resilience of CSCS’s business model and the confidence of market participants.

He said the company would continue to strengthen its core infrastructure, broaden revenue streams, and enhance value for stakeholders.