Lagos, Nigeria – CWG Plc has reported a pre tax profit of 7.8 billion naira for the 2025 financial year, up 78.4 per cent from 4.4 billion naira in 2024, driven by strong revenue growth and improved operating performance according to its audited results filed on the Nigerian Exchange.
Okay News reports that group revenue rose 41.4 per cent year on year to about 65.5 billion naira, with IT infrastructure services contributing roughly 23.5 billion naira, software sales 21.3 billion naira and managed support services 18.7 billion naira, while the board has proposed a final dividend of 70 kobo per share, up from 39 kobo, to be paid on April 17, 2026.
Key figures show cost of sales at 49.6 billion naira, lifting gross profit to 15.9 billion naira from 9.8 billion naira, other income surging 151.8 per cent to 598.1 million naira, administrative expenses rising to 8.4 billion naira largely on higher staff costs, and finance costs falling to 61.1 million naira alongside finance income of 421.2 million naira, resulting in profit after tax of about 5.0 billion naira and earnings per share of 1.97 kobo versus 1.21 kobo a year earlier.
On the balance sheet, total assets climbed 33.4 per cent to 39.9 billion naira, mainly on higher trade and other receivables, while retained earnings increased to 7.4 billion naira and total liabilities rose to 31 billion naira from 23.3 billion naira, reflecting the scale up in operations and project activity.
Despite the strong numbers, the stock has yet to see a major immediate reaction, though CWG shares are already up more than 15 per cent year to date on the Nigerian Exchange and were trading around 20.75 naira per share ahead of the March 25, 2026 open, suggesting investors had partly priced in earnings momentum earlier in the year.
