Nigeria’s listed technology and payments firms posted sharply contrasting half-year results, with CWG Plc and eTranzact International Plc delivering profit growth, while Chams Plc suffered steep earnings drop despite higher sales.
This highlights how cost structures and investment cycles are shaping outcomes in the sector that saw significant growth in the first six months of 2025.
CWG led the pack with a 113 percent surge in profit after tax to N3.56 billion in H1 2025, from N1.67 billion a year earlier, as revenue rose 18.3 percent to N28.4 billion. The company credited stronger enterprise IT demand and cost discipline for the gains.