The Board of Directors of CWG Plc has proposed a dividend of 70 kobo per share for the financial year ended 31 December 2025, representing a significant increase of about 79 per cent compared to the 39 kobo paid in the previous year.
Chairman of the board, Phillip Obioha, disclosed this at the firm’s 21st Annual General Meeting held in Lagos. He attributed the higher payout to strong financial performance and the board’s confidence in the company’s growth trajectory.
According to him, the company delivered robust results in 2025 despite a challenging operating environment. The group recorded a profit before tax of N8.8bn, marking a 78 per cent increase from the N4.42bn posted in the previous year. Revenue also rose significantly by 41.4 per cent from N46.35bn in 2024 to N65.56bn in 2025.
He noted that the company’s gross profit margin strengthened during the period, driven by disciplined cost management, operational efficiency, and strategic expansion across its markets.
“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 the 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,” Obioha said.
He emphasised that the company’s growth was largely driven by its customer-centric approach, which prioritises responding to market demands rather than pushing pre-existing products. Obioha further explained that CWG has continued to invest in systems and processes aimed at improving efficiency and managing rising operational costs, particularly in an environment characterised by infrastructure deficits and high energy costs.
“You can grow your top line, but if your operations are inefficient, your bottom line will suffer. We have focused on optimising our processes to ensure we deliver value,” he added.
Beyond Nigeria, Obioha highlighted strong performances from CWG’s offshore subsidiaries and outlined plans to deepen its footprint across Africa. He disclosed that the company is pursuing a structured expansion strategy in East Africa, particularly in Uganda, while also exploring new opportunities across the region.
Looking ahead, the chairman revealed that CWG is targeting substantial growth over the next five years, with an ambition to build a $500m business.
Detailing the operational performance behind the numbers and the trajectory that drives the company’s growth ambitions over the coming years, Group Managing Director and Chief Executive Officer Adewale Adeyipo pointed to strong regional performance, cost discipline, and expanding technology partnerships as the key engines of growth.
He noted that Nigeria remained CWG’s largest and most strategic market in 2025, contributing the highest share of revenue and overall growth. Ghana also recorded solid performance, supported by improved governance frameworks, enhanced compliance systems, and renewed investments in capacity building, including the relaunch of the CWG Academy and expansion of cybersecurity offerings.
“These efforts have enabled us to sustain healthy margins, win new customers, and strengthen our credibility, particularly in regulated sectors,” Adeyipo said.
He described 2025 as a landmark year for the company’s Uganda operations, where CWG recorded strong financial results, secured strategic partnerships, and expanded into new markets. According to him, the subsidiary’s evolution into a strategic technology partner has begun to deliver long-term value for clients.
In Cameroon, the company also recorded renewed growth momentum, with encouraging gains across key business segments, reinforcing the effectiveness of its unified group strategy.
The GMD stressed that partnerships remain central to CWG’s growth model, noting that the company continues to collaborate with global and regional technology firms to deepen capabilities and deliver integrated solutions.
“Digital transformation is not achieved in isolation but is driven by ecosystems that connect infrastructure, skills, trust, and execution,” he said.
On navigating economic challenges, he explained that the company has prioritised optimising existing assets and tightening cost controls rather than pursuing aggressive expansion. He added that a strategic review undertaken two years ago helped identify critical assets and improve utilisation, contributing to stronger profitability.
Addressing foreign exchange concerns, Adeyipo said the company maintains strict governance over its exposure through hedging strategies and internal controls, adding that recent currency stability has improved business predictability and enabled longer-term contracts.
He further revealed that CWG is scaling its proprietary solutions across West, Central, and East Africa, including banking platforms and escrow-based payment systems tailored to regional needs. The company is also exploring various funding options, such as capital market raises and investor partnerships, to support its growth ambitions.
Chief Operating Officer, Afolabi Sobande, reassured shareholders of management’s commitment to addressing concerns while sustaining growth and performance.
He reiterated that CWG’s core philosophy of solving real business problems remains central to its operations. “Our mantra in CWG is that we solve real problems. This has enabled us to sustain our performance year on year,” he said.
Sobande acknowledged the impact of inflation and rising operational costs but noted that the company has implemented proactive cost management strategies to mitigate these pressures.
“The business is not immune to what is happening in the economy. However, management is taking proactive steps to ensure cost efficiency and sustainability,” he added.
