.Declares 12.5k final dvidend as firm positions for growth
eTranzact International Plc has delivered a remarkable financial performance, posting a record-breaking pre-tax profit of N5 billion for the year ended December 31, 2024.
This represents a 53.2% year-on-year increase from N3.1 billion in 2023, underscoring the company’s accelerating profitability and strategic expansion.
The fintech giant’s revenue surged to N29.8 billion, with core operational profits rising by 48.8% to N4.6 billion.
Its Earnings per share (EPS) also saw a substantial 54.2% increase, climbing from N0.24 to N0.37, reflecting improved operational efficiency and profitability.
Following this strong financial performance, eTranzact declared a final dividend of 12.5 kobo per 50 kobo share, payable to shareholders whose names appear on the register by the qualifying date.
The company also recorded a significant balance sheet recovery, with retained earnings rising to N2.8 billion from a negative balance of N496.6 million in 2023. This turnaround highlights eTranzact’s strengthened financial position and sustainable growth trajectory.
Speaking on the company’s impressive results, MD/CEO Niyi Toluwalope expressed confidence in eTranzact’s transformation journey.
“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.”
Beyond financial performance, eTranzact continued to solidify its leadership in Nigeria’s fintech sector.
The company expanded its service footprint by onboarding more financial institutions and fintech partners, launched new payment solutions tailored to SMEs and corporate clients, and received industry accolades such as “Most Innovative Payment Services Company of the Year 2024” at the African Brands Innovators Forum and the “Best Payment Processing Platform Award” from BAFi Awards.
With growing transaction volumes, eTranzact made substantial investments in cybersecurity and data protection, strengthening its infrastructure to ensure secure, seamless, and reliable services.
Looking ahead, the company remains focused on three core strategic pillars.
It aims to deepen its commitment to delivering advanced financial technology infrastructure for financial services providers and government partners.
Recognising the vital role of small businesses in Nigeria’s economy, eTranzact is expanding its fintech solutions to support SME growth and scalability.
Additionally, the company plans to reposition its PocketMoni brand as a leading digital bank, tapping into the growing demand for accessible and seamless financial services.
