Chams Holding Company Plc has boosted its financial capacity through a substantial Chams Capital Raise, listing 1.96 billion additional ordinary shares on the Nigerian Exchange Limited (NGX) after completing a major private placement. Okay News reports that the move is expected to strengthen the group’s expansion into digital identity and technology infrastructure across Nigeria.
The NGX confirmed the update through an official notice to Trading Licence Holders, noting that the Chams Capital Raise increased the company’s total issued shares from 4.69 billion to 6.65 billion units. The enlarged capital structure, Okay News reports that, is designed to support long-term growth and enhance the competitiveness of Chams in Nigeria’s evolving tech sector.
According to the filing, the Chams Capital Raise was executed at N1.87 per share, enabling the company to raise new funds for digital infrastructure, identity verification technologies, and subsidiary expansions. Chams said the capital boost will improve its ability to scale operations in line with rising demand for secure digital services.
Market data from the NGX shows that the stock has experienced noticeable volatility despite the Chams Capital Raise. Shares peaked at N4.67 on October 7 but later eased to N3.15 on November 21. Okay News reports that the stock still remains a strong year-to-date outperformer, gaining more than 58% since January.
Trading activity has also remained strong around the period of the Chams Capital Raise, with Chams ranking among the top 15 most traded equities over the past three months. Investors exchanged 889 million shares worth N3.25 billion across nearly 28,000 deals, reflecting consistent liquidity and sustained investor interest.
Financial filings show that revenue rose modestly to N13.45 billion in the first nine months of 2025; however, higher costs and finance expenses pressured profitability despite the Chams Capital Raise. Profit after tax fell to N500.7 million from N1.08 billion recorded a year earlier.
The balance sheet shows total assets of N20.66 billion and equity of N10.56 billion before the Chams Capital Raise. Okay News reports that the newly injected capital further strengthens the company’s financial position and expands its ability to invest in high-return digital projects.
Analysts note that the enlarged share base resulting from the Chams Capital Raise will dilute future earnings per share unless the company significantly improves profits or deploys funds into high-yield ventures. Market watchers expect that the next quarterly disclosures will show how efficiently Chams allocates the new capital.
Looking ahead, Chams says the Chams Capital Raise will support deeper investments in identity systems, cloud infrastructure, and fintech-driven solutions that align with Nigeria’s digital transformation agenda. Okay News reports that investors will closely monitor how the expanded capital base translates into long-term value for shareholders.
