Pan-African technology firm, Computer Warehouse Group (CWG) Plc has reported a pre-tax profit of N7.8 billion for the 2025 financial year, a 78.4% increase from the N4.4 billion recorded in 2024.
The result shows strong demand for digital transformation services across Nigeria and other African markets where the company operates.
Following the audited results, the board declared a final dividend of 70 kobo per share, up 79% from the previous year. The payout is for April 17, 2026.
Infrastructure and Software Drive Revenue Surge
CWG’s revenue rose to N65.5 billion, a 41.4% year-on-year increase. Growth was driven mainly by its core technical service segment:
IT Infrastructure: Generated N23.5 billion, as banks and large organisations constantly upgraded systems and hardware.
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Software Sales: Contributed N21.3 billion, supported by high demand for automation and enterprise solutions.
Managed Support Services: Brought in N18.7 billion, showing steady income from client systems maintenance.
Managing the Costs of Growth
While profits soared, the company had to navigate a high-inflation environment, currency instability, high operational cost, increased administrative costs, among others.
- Staff Costs: Administrative expenses rose to N8.4 billion, with employee salaries and benefits accounting for nearly half of that amount (N4 billion).
- Forex Headwinds: Unlike 2024, when the company made a small gain on foreign exchange, 2025 saw an exchange loss of N605.2 million.
- Finance Efficiency: On a positive note, finance costs dropped to N61.1 million, while finance income surged by over 570%, helping to cushion the bottom line.
Balance Sheet and Market Outlook
Total assets grew to N39.9 billion, largely driven by increased receivables. Retained earnings stood at N7.4 billion, providing a buffer for future expansion.
On the Nigerian Exchange, CWG shares are trading at N20.75, with the stock gaining over 15% so far in 2026. The declared dividend is expected to further support investor interest in the stock.
The company’s performance shows the resilience of Nigeria’s technology sector, with businesses continuing to invest in digital solutions to improve efficiency despite economic challenges.
