CWG Plc’s profit after tax grew by 87% YoY to N5.6 billion in 2025

Computer Warehouse Group (CWG Plc) has reported a profit after tax of N5.6 billion during the financial year 2025, representing an 87% YoY increase from the N3.04 billion recorded in 2024.

According to the company’s financial statement made available via the Nigerian Exchange platform, the significant performance was fueled by a surge in revenue, which increased by 41.7% YoY to N65.7 billion, compared to the N46.4 billion in the prior year. 

The leading information and communications technology (ICT) company in Africa saw a pre-tax profit of N8.01 billion during the period, an 81.36% increase from N4.4 billion recorded in the prior year. Beyond profit and revenue, CWG Plc recorded an improved performance in other income (N760.7 million), further fueling its post-tax profitability. 

The financial statement shows that CWG Plc’s balance sheet stood at a total assets of N40.6 billion, while retained earnings increased to N8.06 billion from N3.4 billion in 2024.

In terms of contribution to the company’s performance, the earnings statement shows that revenue growth was largely driven by software revenue, which contributed the largest share at N22.7 billion. Managed and supported services, followed by generating N13.7 billion. IT infrastructure services came close with an N11.3 billion contribution during the year under review.

However, the surge in revenue was accompanied by higher operations costs. Cost of sales increased by 36% to N49.5 billion, up from N36.4 billion in 2024. 

Other costs of operation during the period are 

• Operating expenses: N8.3 billion (+53.7% YoY)
• Depreciation and Amortisation: N444.7 million (+63.2 YoY)
• Internet and Finance Charges: N114.8 million (+20.2 YoY)
• Income tax expenses: N2.4 billion (+71.4% YoY)

CWG Plc’s growing influence comes at the helm of the spread in online operations and the digital economy. The demand for software solutions is skyrocketing as banks and telecom giants invest heavily in digital transformation.

Aside from software offerings, the company’s diversification across IT infrastructure, communication services, smartcard application, system integration and managed support provides an alternative earnings during emergency market fluctuations. 

CWG Plc, based in Nigeria, operates in other African markets such as Ghana, Uganda and Cameroon.

Also Read: CWG Plc reports N990 million profit after tax in Q3 2025, a 13.8% YoY increase.

CWG Company in 2025

CWG Company, its Nigerian market, also recorded a strong revenue performance with a revenue of N42.8 billion during the period, a 42.2% YoY growth. 

The revenue accounts for 65.2% of the group revenue for the entire fiscal year, representing the significant force the Nigerian market has on the company’s earnings. 

In terms of profit after tax, CWG Company recorded an earnings of N4.6 billion, an 100% surge from the N2.3 billion of 2024. In the same light, profit before tax was up by 94.1% from N3.4 billion in the prior period to N6.6 billion in 2025.

Also, assets for the company now stood at N27.7 billion, while Cost of Sales during the period was N31.2 billion.

CWG Company’s performance is attributed to sustained enterprise digital transformation in sectors like banking, telecoms, and the public sector in Nigeria. The company’s strategic investments in technology and its expanding service offerings are also key drivers of its performance. 

In Nigeria, leading telecoms and financial companies such as MTN Nigeria, United Bank for Africa (UBA), and First Bank of Nigeria Holdings (FBNH) always played a major role in CWG’s earnings. It also serves government entities such as the Independent National Electoral Commission (INEC) and the Nigerian Communications Commission (NCC).

Moreover, its success is tied to the accelerating adoption of technology by businesses and governments. Recall that the Nigerian government, in line with its digital economy goal, embarked on a push to transform from a paper administration to e-governance.

For CWG, its significant earnings make the company a leading stakeholder in the Nigerian tech industry. 

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