CWG Plc has reported a pre-tax profit of N7.8 billion for the 2025 financial year, up 78.4 per cent from N4.4 billion in 2024, driven by strong revenue growth and improved operating performance according to its audited results filed on the Nigerian Exchange.
Group revenue rose 41.4 per cent year-on-year to about N65.5 billion, with IT infrastructure services contributing roughly N23.5 billion, software sales N21.3 billion, and managed support services N18.7 billion.
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 N49.6 billion, lifting gross profit to N15.9 billion from N9.8 billion, while other income surged 151.8 per cent to N598.1 million.
Administrative expenses rose to N8.4 billion largely on higher staff costs, but finance costs fell to N61.1 million alongside finance income of N421.2 million.
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Profit after tax stood at about N5.0 billion, with earnings per share of 1.97 kobo compared to 1.21 kobo a year earlier.
On the balance sheet, total assets climbed 33.4 per cent to N39.9 billion, mainly on higher trade and other receivables.
Retained earnings increased to N7.4 billion, while total liabilities rose to N31 billion from N23.3 billion, 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.
The stock was trading around N20.75 per share ahead of the March 25, 2026 open, suggesting investors had partly priced in earnings momentum earlier in the year.
