CWG Plc's Profit More Than Doubles in 2025 Driven by IT Services Growth
CWG Plc, a Nigerian IT services company, saw its profit more than double in the first nine months of 2025 compared to the same period in 2024. The company reported a 108% year-on-year rise in profit before tax to N4.75 billion, with revenue growing by 41% to N48.94 billion.
This growth was fueled by increased demand for cloud services and digital infrastructure management solutions in Nigeria. Despite a 32% rise in costs, CWG maintained efficiency gains, leading to a significant increase in gross profit and EBITDA.
The company's balance sheet also showed a strong performance, with total assets rising by 61%.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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