CWG proposes 70 Kobo dividend, targets $500m growth

CWG Plc has announced a proposed dividend of 70 kobo per share for the financial year ended December 31, 2025, marking a 79 per cent increase from the 39 kobo paid in the previous year.

The company’s Chairman, Phillip Obioha, disclosed this at the firm’s 21st Annual General Meeting in Lagos, attributing the improved payout to strong financial performance and confidence in the company’s growth outlook.

According to him, CWG recorded a profit before tax of ₦8.8 billion in 2025, representing a 78 per cent increase from ₦4.42 billion in 2024. Revenue also rose by 41.4 per cent to ₦65.56 billion from ₦46.35 billion in the previous year.

Obioha said the performance was driven by improved operational efficiency, disciplined cost management, and strategic expansion across key markets.

“The Board is pleased to recommend a dividend of 70 kobo per share, reflecting our confidence in the sustainability of CWG’s earnings and our commitment to delivering value to shareholders,” he said.

He noted that the company’s customer-focused approach—responding to market demand rather than pushing products—has been central to its growth, alongside investments in systems to manage rising operational costs.

Looking ahead, Obioha revealed that CWG aims to build a $500 million business over the next five years, supported by expansion across Africa, particularly in East Africa, including Uganda.

Providing further insight, Group Managing Director and Chief Executive Officer, Adewale Adeyipo, highlighted strong regional performance and strategic partnerships as key growth drivers.

He said Nigeria remained the company’s largest market, while operations in Ghana, Uganda, and Cameroon also delivered solid results through improved governance, capacity building, and expanded service offerings.

Adeyipo described 2025 as a milestone year for the company’s Uganda operations, noting increased market penetration and stronger partnerships that are delivering long-term value.

He added that CWG is scaling its proprietary technology solutions across West, Central, and East Africa, including banking platforms and payment systems tailored to regional needs.

The CEO also emphasised the company’s focus on cost discipline and efficient use of existing assets in navigating economic challenges, alongside measures to manage foreign exchange risks.

Chief Operating Officer, Afolabi Sobande, reaffirmed management’s commitment to sustainable growth, noting that the company’s strategy remains centred on solving real business problems.

He acknowledged inflationary pressures but said proactive cost-control measures have helped maintain performance.

CWG added that it is exploring funding options, including capital market opportunities and investor partnerships, to support its long-term growth ambitions and expansion across the continent.