eTranzact International Plc has proposed a final dividend payout of N1.15 billion, translating to a 12.5 kobo per share final dividend for the financial year ended December 31, 2025, despite a dip in earnings. Etraeeetreeeeetrana
The proposed dividend, confirmed in the company’s corporate action filing with the Nigerian Exchange (NGX) on April 1, 2026, will be paid to shareholders whose names appear in the register as of July 6, 2026.
The register of members will close between July 7 and July 22, 2026, with payment scheduled for July 23, 2026, subject to applicable withholding tax and shareholder approval.
What the company is saying:
The company emphasized that the proposed dividend will be credited electronically to shareholders who have completed the e-dividend registration process.
The eligible shareholders will receive direct electronic payments through the registrar, Meristem Registrars Limited, after shareholders’ approval at the forthcoming Annual General Meeting (AGM).
Shareholders who are yet to complete the e-dividend mandate have been advised to do so through the company’s registrar.
More insight:
Despite a slight dip in earnings, eTranzact saw a modest increase in revenue, which rose by 1.08% year-on-year to N29.8 billion.
- Profit before tax declined by 16.3% to N4.2 billion, down from N5.02 billion in 2024.
- The company’s cost of sales declined significantly, falling by 13.8% to N15.6 billion, which helped to support a 24.48% growth in gross profit to N14.1 billion.
- However, a sharp rise in administrative expenses, which surged by 50.08% to N9.2 billion, offset the gains from improved gross margins.
- Operating profit fell to N4.0 billion from N4.8 billion in 2024, reflecting the pressure of elevated operating costs on overall profitability.
Investment income rose modestly by 6.58% to N258.8 million but failed to offset the broader cost pressures.
Market reaction:
Despite the proposed dividend announcement, eTranzact’s share price closed flat at N20.15 per share on Wednesday, April 1, suggesting that the market has not yet fully priced in the earnings news.
- The stock has gained 77.5% year-to-date, from January 2, 2026, opening price of N11.35 per share.
- It ranks 23rd on the NGX in terms of year-to-date performance.
With 9.2 billion shares outstanding and a market capitalization of N185 billion, eTranzact is currently the 47th most valuable stock on the NGX, accounting for approximately 0.143% of the Exchange’s total equity market value.
