Consolidated Hallmark Holdings grows assets by 33%, pays 25 kobo dividend
L-r: Mr. Eddie A Efekoha, Group Chief Executive Officer, Consolidated Hallmark Holdings Plc; Idris A. Shuaibu, Independent Non-Executive Director/Chairman; Rukevwe Falana, Company Secretary, and Chijioke Ugochukwu, Executive Director, during the 3rd Annual General Meeting of Consolidated Hallmark Holdings (CHH) Plc, in Lagos on Thursday
Nike Popoola
Consolidated Hallmark Holdings Plc has reported robust growth in its asset base for the 2025 financial year, alongside the declaration of a total dividend of 25 kobo per share for shareholders.
Chairman of the Group, Shuaib Idris mni, disclosed this at the company’s Annual General Meeting held in Lagos on Thursday while presenting the 2025 annual report.
The dividend comprises a 15 kobo final dividend, which, when added to the 10 kobo interim dividend earlier paid, brings total payout for the year to 25 kobo per share, subject to shareholder approval.
Idris said the consistent dividend declaration reflects the Group’s underlying cash generation capacity and commitment to delivering sustainable returns to investors, even in a challenging market environment.
He said the Group’s balance sheet remained strong and resilient, with a healthier and more diversified asset structure that supported growth across its operations.
Total assets rose by 33 per cent from N56.95 billion in 2024 to N75.94 billion in 2025, reflecting expansion in financial assets and improved balance sheet strength. Financial assets increased by 65 per cent, rising from N27.88 billion to N45.90 billion, while cash and cash equivalents nearly doubled, growing by 96 per cent from N3.76 billion to N7.38 billion, underscoring improved liquidity and financial flexibility.
On earnings performance, insurance revenue grew strongly by 47 per cent, increasing from N29.42 billion to N43.27 billion, while net insurance service results surged by 121 per cent from N3.10 billion to N6.85 billion, driven by improved underwriting performance after claims and reinsurance costs.
However, profit before tax declined to N8.44 billion from N22.65 billion in the prior year, largely due to a sharp drop in mark-to-market valuation of capital market investments, which fell from N16.21 billion to N2.9 billion. The Chairman described this as an accounting adjustment rather than a deterioration in underlying fundamentals, stressing that the Group’s investment portfolio remains sound.
He added that all subsidiaries within the Group remained profitable during the period, reinforcing confidence in the Group’s diversified business model and long-term growth trajectory.
Group Chief Executive Officer of Consolidated Hallmark Holdings Plc, Eddie Efekoha, said, “The Board and Management are actively working to broaden our revenue streams and strengthen our operational capabilities. Our focus will remain on expanding our market presence, enhancing efficiency, and identifying opportunities for growth.”
