Camelot Ghana reports strong financial performance in 2025

Camelot Ghana has sharply improved its financial position since 2022, with revenue reaching GH¢36.97 million in 2025 after a 31.5% annual increase.

The security printing and manufacturing company said growth came from all three of its main businesses: flexographic printing, cheques and traditional products. Flexo was the fastest-growing segment, expanding 321% cumulatively since 2022 and contributing 34% of 2025 revenue, compared with 23% four years earlier.

Camelot said the shift in its revenue mix did not reflect a collapse in the cheque business. Cheque volumes had fallen, but revenue from the segment still increased 140% cumulatively since 2022. Revenue from the traditional business rose 102% over the same period.

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Facts Behind the Figures is about giving the market a transparent, evidence-based view of who we are and where we are going, not just the numbers, but the reasoning behind them.

Shareholders’ funds moved from a negative position in 2022 to GH¢6.83 million in 2025. Growth continued into 2026 at a slower pace. First-half turnover reached GH¢21.40 million, up 9% from the same period a year earlier, while profit after tax rose 19% to GH¢2.61 million. The profit margin reached 12%, its highest half-year level during the period under review.

Managing Director John Villars said the company’s investor engagement was intended to explain the business behind the figures. Camelot also outlined plans to use more FSC-certified and recycled-content paper for cheque and certificate stock, alongside other efforts to introduce more sustainable production practices.

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Our growth has been broad-based, our people metrics stand up against real industry benchmarks, and we are building sustainability into how we source and produce rather than treating it as an afterthought.