Wegagen Capital Investment Bank generated 6.85 million birr in brokerage-fee income after facilitating securities transactions worth 2.69 billion birr during the fiscal year ended June 30, 2026.
The investment bank, which is 75 percent owned by Wegagen Bank, reported the performance during its second Ordinary and Extraordinary General Meetings of Shareholders. It was Wegagen Capital’s first full fiscal year of operation following licensing by the Ethiopian Capital Market Authority.
Abdishu Hussein, Vice Chairman of the Board of Directors, said the company generated total revenue of 140.99 million birr during the year and recorded a gross operating profit before tax of 46.58 million birr.
Net profit after tax stood at 43.7 million birr, exceeding the company’s 41.5 million birr target by 12.2 percent, according to the report.
Financial-advisory services accounted for the largest share of revenue, generating 89.89 million birr, or 63.8 percent of total income. Interest income contributed an additional 43.98 million birr.
Of the 2.69 billion birr in securities transactions facilitated by Wegagen Capital, 2.22 billion birr came from rights issues. The remaining volume was generated through Treasury-bill transactions, initial public offerings and follow-on public offerings.
The company said it had expanded its investor base to 3,850 brokerage accounts, reflecting increased public participation in Ethiopia’s emerging capital market.
Wegagen Capital also secured 22 corporate-finance advisory engagements across several economic sectors. The advisory contracts had an aggregate value of 175.3 million birr.
Abdishu attributed the performance to what he described as a resilient business model, disciplined strategy and focus on high-value execution.
