CWG Plc's Infrastructure Revenue Surges to N15.5bn in H1 2026

CWG Plc’s IT infrastructure services business reported revenue of N15.5 billion for the first half of 2026, marking a 142.4% increase from N6.4 billion in the same period of 2025. This segment, which includes data centre, network, security, and storage equipment, generated N10.5 billion in Q2 2026, up from N6.2 billion in Q2 2025.

The infrastructure segment now represents approximately 35% of CWG’s total group revenue, compared to 17% in H1 2025. Overall group revenue rose to N44.4 billion, a 20.8% increase from N36.8 billion a year earlier, with the infrastructure business contributing significantly to the N7.6 billion rise in turnover.

Despite this growth, profitability did not keep pace; profit after tax increased by only 2.4% to N3.65 billion. Operating expenses rose 13.6% to N4.2 billion, and gross profit grew by just 9% to N9.1 billion.

Cash generation improved, with net cash from operating activities rising to N9.6 billion from N161.7 million in H1 2025.