Chairman’s Statement

In 2023, Chams navigated global and local economic challenges—ranging from post-pandemic disruptions to rising inflation and the Russia-Ukraine conflict—while maintaining a firm commitment to innovation and excellence. Thanks to strategic investments in new digital solutions, our revenue grew by 90% to ₦9.6 billion, total assets rose by 16% to ₦19 billion, and profit-after-tax reached ₦20 million, representing a 185% improvement from the previous year. We also celebrated a historic high share price of ₦2.44, cementing our reputation as a frontrunner in digital and financial services.

Looking ahead, we remain focused on expanding our market presence through fundraising, capacity enhancements at CardCentre, and continued partnerships at ChamsSwitch. These efforts underscore our ambition to become Nigeria’s and Africa’s leading provider of secure, cost-effective digital payment solutions. Building on our 39-year legacy, we aim to deliver sustained value for shareholders while further strengthening our position as an industry leader.

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