Shareholders of CWG Plc have approved a final dividend of 70 kobo per share for the 2025 financial year, marking a 79 per cent increase from the 39 kobo paid in 2024.
The approval was granted at the company’s 21st Annual General Meeting in Lagos, where investors welcomed the strong financial performance and endorsed management’s long-term growth strategy.
Phillip Obioha, Chairman, said the higher payout reflects both improved earnings and confidence in the company’s future trajectory.
“This recommendation underscores our commitment to delivering consistent and growing returns to shareholders, backed by a sustainable earnings outlook,” he said.
CWG reported a pre-tax profit of ₦7.8 billion, representing a 78 per cent increase from ₦4.42 billion in 2024. Revenue also rose by 41.4 per cent to ₦65.56 billion, up from ₦46.35 billion in the previous year.
Management attributed the performance to operational efficiency, disciplined cost management, and strong execution across its African markets.
Adewale Adeyipo, Group Managing Director and CEO, highlighted the importance of the company’s regional strategy, noting that Nigeria remains its largest market, while other African operations contributed significantly to growth.
He pointed to improved governance and expanded cybersecurity services in Ghana, strategic partnerships and market expansion in Uganda, and renewed growth momentum in Cameroon as key drivers.
Rather than pursuing aggressive expansion in a volatile economic environment, the company focused on optimising existing assets and improving efficiency over the past two years.
Afolabi Sobande, Chief Operating Officer, said this disciplined approach helped sustain profitability despite inflationary pressures and rising operating costs.
Looking ahead, CWG is targeting a major scale-up, with plans to grow into a $500 million business in the coming years. The company also intends to deepen its footprint across Africa, with East Africa identified as a priority for expansion.
Management said its growth strategy will be anchored on building digital ecosystems that connect infrastructure, skills, and execution, positioning the company for long-term value creation in Africa’s evolving technology landscape.
