Chams Holdings Company Plc's Profit Drops 54% to N500m Amid Tripled Finance Costs

Chams Holdings Company Plc reported a 54% decrease in profit after tax to N500.7 million for the nine months ending September 2025, compared to N1.08 billion the previous year. The company's unaudited financial statement revealed a slight 2.5% increase in group revenue to N13.45 billion, but higher finance costs and cost of sales led to a decline in gross profit by 14.2%.

Operating income dropped significantly, mainly due to lower non-core earnings. The company's profit tax fell to N654.4 million from N1.51 billion the previous year, impacting earnings per share and overall financial performance.