Academy Press Slides by 7% Ahead of Annual Meeting

Academy Press Slides by 7% Ahead of Annual Meeting

Academy Press share price declined by 7.3% due to negative investors’ sentiment ahead of its annual general meeting. Trading data from the Nigerian Exchange (NGX) revealed that the company’s share price closed at N8.85 on Friday, down from N9.55 at the beginning of the week.

The price slump occurred on the first trading session as the company traded against bullish momentum experience in the local bourse with four days of gaining streaks.

The Nigerian Exchange valued Academy Press Plc. 756 million shares outstanding at N6.690 billion, trading at significant discount to its 52-week high in the stock market.

Academy Press had hit N 8,512,560,000 in market value when its share price peaked at N11.26 per within the last 52 weeks.

In the first quarter of 2026 ending in June 2025, Academy Press profit declined to N409.394 million from N519.230million in the comparable period in June 2024.

The company bottom line shrank as revenue declined to N1.565 billion at the end of first quarter to N1.565 billion from N1.851 billion in the comparable period. This was due to a decline in books and diaries in the period.

In a regulatory filing, Academy Press announced its 61st Annual General Meeting will be held on October 23 where the board of directors will be seeking dividend payment approval.

“If the dividend of 15 kobo recommended by the directors is approved by shareholders at the AGM, dividend will be paid on Thursday, 30th October 2025, to all shareholders whose names are registered in the Company’s Register of Members at close of business on Thursday, 16th October 2025”, details revealed.  #Academy Press Slides by 7% Ahead of Annual Meeting FIRS Deal: eTranzact Gains 45% as Investors Bet on Future Earnings Stream