CWG Plc Achieves Impressive N990 Million Profit in Q3 2025, Highlighting Strategic Cost Efficiency
CWG Plc, a prominent force in Nigeria’s Information and Communications Technology (ICT) sector, has announced a robust financial performance for the third quarter of 2025. The company reported a significant profit after tax of N990 million, marking a commendable 13.8% increase compared to the same period last year. This positive stride, as revealed in their Q3 2025 financial statement published on the Nigerian Stock Exchange, underscores CWG Plc’s resilience and strategic positioning in a dynamic market.
Strategic Financial Maneuvers Drive Profitability Amidst Market Shifts
The robust increase in CWG Plc’s Q3 2025 profit after tax, driven by significant demand for digital transformation across various sectors, is particularly noteworthy given its revenue performance. The company experienced a 5.5% year-on-year drop in revenue, moving from N8.08 billion in Q3 2024 to N7.6 billion in Q3 2025. However, this challenge was expertly managed through strategic cost optimization. A pivotal factor in boosting profitability was the impressive 21.6% reduction in its cost of sales (CoS), which decreased from N6 billion in Q3 2024 to N4.7 billion in Q3 2025. This decisive action directly contributed to a substantial 35.5% year-on-year surge in gross profit, reaching N2.8 billion for the quarter. This performance underscores CWG Plc’s agility and effective financial management, allowing it to thrive in Nigeria’s evolving ICT landscape.
CWG Plc’s Q3 2025 results powerfully illustrate its capability to excel in the African tech sector. By skillfully optimizing its cost structure, the Nigerian ICT leader transformed a revenue decline into a significant rise in profit after tax and gross profit. This achievement solidifies CWG Plc’s strong market position and highlights the critical role of operational efficiency and strategic financial planning in driving sustainable growth within Nigeria’s dynamic digital economy.
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