Africa Prudential Proposes N1.2bn Dividend For 2024

Africa Prudential Plc has proposed N1.2 billion total dividend payout to its shareholders following an outstanding financial performance in 2024.

The company in its audited results released on the Nigerian Exchange Limited revealed that profit after tax surged by 88 per cent, rising from N962.9 million in 2023 to N1.81 billion in 2024, reflecting strong revenue growth and operational efficiency.

Building on its legacy of consistent shareholder rewards, Africa Prudential introduced an interim dividend of 15 kobo per share at half-year 2024. Investors will now receive a final dividend of 60 kobo per share, bringing the total dividend for the year to 75 kobo, a 67 per cent increase from the 45 kobo paid in 2023.

Gross revenue rose by 31.5 per cent, rising from N3.95 billion in 2023 to N5.19 billion. The company also achieved significant balance sheet expansion, with total assets growing by 52 per cent to N34.84 billion as of December 31, 2024, compared to N22.98 billion in 2023.

Speaking on the results, managing director/CEO of Africa Prudential, Catherine Nwosu reaffirmed the company’s commitment to growth and innovation.

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“Our 2024 performance is a demonstration of our long-term strategy and adaptability in a dynamic market. We have doubled our profitability and continue to prove to our shareholders that we are fully committed to value creation. Next year will even be more phenomenal as we are on track to roll out a long line up of innovative products and services developed to enhance service delivery in the capital market.

We remain dedicated to delivering superior value to our shareholders, expanding our service offerings, and redefining capital market solutions across Africa,” he stated.

With a solid earnings trajectory, robust balance sheet, and disciplined financial management, Africa Prudential is well-positioned for sustained profitability, market leadership, and long-term growth.

Africa Prudential Plc is a leading business solutions provider, leveraging technology to transform service experience across various industries.

With over five decades of expertise, the company delivers innovative, digital registrar solutions that drive efficiency, compliance, and customer engagement. Committed to exceptional service delivery, Africa Prudential is improving lives and transforming Nigeria, pushing the boundaries of financial and business technology across Africa.