CWG Shareholders Laud Board on 70 Kobo Dividend, Sustained Profitability

Shareholders of CWG Plc have expressed their strong satisfaction with the company's financial performance, unanimously approving a significant increase in dividend payout for the 2025 financial year. The 70 kobo per share dividend, a 79% jump from the previous year's 39 kobo, reflects the board's confidence in sustained profitability and commitment to delivering enhanced value to stakeholders.

Despite a challenging operating environment, CWG Plc demonstrated robust financial results, with profit before tax soaring by 78% to N7.8 billion and revenue climbing 41.4% to N65.56 billion. This impressive growth is attributed to strategic regional performance, disciplined cost management, and expanding technology partnerships, underscoring the company's resilience and operational efficiency.

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The Board is pleased to recommend a dividend of 70 kobo per share for the year ended 31 December 2025, representing an increase of approximately 79 per cent over 39 kobo per share paid in the prior year. This recommendation reflects the Board’s confidence in the sustainability of CWG’s earnings trajectory and our commitment to delivering consistent and growing returns to our shareholders.

Chairman Dr. Phillip Obioha highlighted the company's ambitious target to build a $500 million business in the coming years, using internal benchmarking against the US dollar as a hedge against naira inflation. This forward-looking strategy, coupled with strong performances in key markets like Nigeria, Ghana, and Uganda, signals CWG's intent to solidify its position and drive further growth in the technology sector.

Group Managing Director Adewale Adeyipo emphasized the crucial role of Nigeria as CWG's primary market, while also noting the significant improvements in Ghana's operations, including enhanced governance and renewed investments. The company's expansion into new markets and reinforcement of its group strategy in Cameroon further illustrate its dynamic approach to global business.

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These efforts have enabled us to sustain healthy margins, win new customers, and strengthen our credibility, particularly in regulated sectors.