CWG Plc has reported a strong financial performance for 2025, with pre-tax profit rising by 78.4 per cent to N7.8 billion, driven by robust revenue growth across its core business segments.
According to its audited results filed on the Nigerian Exchange, the company’s revenue climbed to N65.5 billion, marking a 41.4 per cent year-on-year increase.
A breakdown of revenue shows IT infrastructure services led earnings at N23.5 billion, followed by software sales at N21.3 billion, while managed support services contributed N18.7 billion.
The strong top-line growth translated into a gross profit of N15.9 billion, up 61.1 per cent from the previous year, despite a rise in cost of sales to N49.6 billion.
Operating profit increased by 69 per cent to N7.5 billion, supported by a sharp rise in other income and improved finance income, which grew significantly during the period.
Pre-tax profit stood at N7.8 billion, while profit after tax rose by 63.4 per cent to about N5.0 billion. Earnings per share also improved to 1.97 kobo from 1.21 kobo in 2024.
Administrative expenses rose to N8.4 billion, largely driven by higher staff costs, while the company recorded an exchange loss of N605.2 million, compared to a gain in the previous year.
However, lower finance costs and higher finance income helped offset some of these pressures.
In line with its improved performance, CWG declared a final dividend of 70 kobo per share, representing a 79 per cent increase year-on-year. The dividend is scheduled to be paid on April 17, 2026.
Total assets grew by 33.4 per cent to N39.9 billion, driven mainly by higher receivables, while retained earnings increased to N7.4 billion. Total liabilities also rose to N31 billion.
Despite the strong results, market reaction has been muted so far. However, CWG’s stock has gained over 15 per cent year-to-date, trading at N20.75 per share ahead of the March 25 market open.
The performance underscores the company’s continued growth trajectory in Nigeria’s IT services sector, supported by expanding demand for digital infrastructure and enterprise solutions.
