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eTranzact  Posts N5bn Pre-Tax Profit, Declares Dividend 

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Niyi Toluwalope, MD/CEO, eTranzact International Plc
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In a resounding display of financial strength, eTranzact International Plc

has announced a record-breaking pre-tax profit of N5 billion for the year ended December 31, 2024.

This marks an impressive 53.2% year-on-year growth from a pre-tax profit of N3.1 billion in 2023, highlighting the
company’s accelerating profitability and strategic expansion.

The fintech giant’s full-year revenue surged to N29.8 billion, while profits
from core operations climbed to N4.6 billion, reflecting a 48.8% increase
from the previous year.

Shareholders were rewarded with a 54.2% rise in earnings per share (EPS), which grew from N0.24 to N0.37, demonstrating the company’s strengthened operational efficiency, improved profitability and efficient operational management.

Dividend Declaration and Balance Sheet Recovery

On the back of its stellar performance, eTranzact declared a final dividend of 12.5 kobo per 50 kobo share, payable to shareholders whose names appear on the register of members by the qualifying date.
The company also achieved a remarkable balance sheet recovery, with retained earnings soaring to N2.8 billion, a turnaround from 2023’s negative balance of N496.6 million. This turnaround highlights the company’s strengthened financial position and sustainable growth trajectory.

Reflecting on the company’s outstanding performance, Niyi Toluwalope, MD/CEO, eTranzact International Plc, expressed confidence in the company’s transformation story and growth trajectory:

“Surpassing the N5 billion pre-tax profit mark is a significant milestone for
us. It speaks to the dedication of our team, the effectiveness of our strategic investments, and the growing trust our customers and partners place in our brand. We are excited about the road ahead as we continue to scale and deliver even greater value”.

Milestone Achievements and Industry Leadership
Beyond its impressive financials, eTranzact continued to strengthen its
position as a leading force in Nigeria’s fintech sector. The company
recently:
Expanded its service footprint, onboarding more financial institutions and fintech partners, further solidifying its ecosystem influence.
Launched new payment solutions tailored to meet the evolving needs of SMEs and corporate clients, boosting transaction volumes.
Clinched industry accolades, including the “Most Innovative Payment
Services Company of the Year 2024” at the African Brands Innovators
Forum, Best Payment Processing Platform Award from BAFi Awards in
2024 underscoring its reputation for cutting-edge financial solutions.

With growing transaction volumes, eTranzact made substantial
investments in cybersecurity and data protection, fortifying its
infrastructure to ensure seamless, secure, and reliable services for its customers.
Strategic Outlook
As eTranzact charts its path forward, its vision to be the preferred
integrated financial technology platform for merchants & consumers is
driven by three core strategic pillars. First is deepening its commitment to
deliver advanced reliable financial technology infrastructure to the
financial services sector and government partners alike. Recognizing the
vital role of small businesses in Nigeria’s economy, eTranzact is extending
its fintech capabilities to support SME growth and scalability, offering
tailored solutions to meet their unique financial needs. Direct-to
consumer play, which will see the company reposition its PocketMoni
brand as a leading digital bank for Nigerians, aiming to tap into the
growing demand for accessible and seamless financial services.

About eTranzact International Plc
eTranzact is Africa’s leading financial technology platform. We are the first fully operational multi-application and multi-channel electronic transaction switching and payment processing company that is publicly quoted on the Nigeria Exchange Group (NGX).

Our vision is: ‘To be the preferred integrated financial technology platform for merchants and consumers, leveraging on our award-winning fintech infrastructure platform. Since 2003, we have been at the forefront of delivering cutting edge electronic and mobile payment products and services to customers that cut across virtually various sectors of the economy. We are duly licensed by the Central Bank of Nigeria, in the Switching & Processing category and the Mobile Money Operations (MMO) Category, which enables us to deliver the full breadth of Fintech offerings in Nigeria.

 

 

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