CSCS Declares First Mid-Year Dividend of N1 Per Share

Central Securities Clearing System Plc (CSCS) has announced the payment of its first mid-year dividend of N1 per ordinary share, a historic milestone for the company, effective for the six months ending June 30, 2026. This interim dividend represents 56% of the total N1.78 per share dividend paid for the entire 2025 financial year, reflecting the company's robust financial performance driven by strong top-line growth and operational efficiency.

CSCS reported a 92% surge in total operating income, reaching N18.51 billion, primarily due to increased transaction fee income amid heightened capital market activities. The company's operating profit jumped 186% to N10.11 billion, with profit before tax growing 115% to N13.21 billion.

Earnings per share rose by 190% to N1.09. Chairman Temi Popoola stated that the board's decision to declare the interim dividend underscores confidence in the company's financial strength and long-term strategy.

Chief Executive Officer Shehu Shantali emphasized the importance of maintaining operational discipline and investing in technology to enhance shareholder value.