Chams Holding Company Plc (Chams Holdco) has announced its unaudited consolidated and separate financial statements for the fiscal year ended December 31, 2024, which have been submitted to the Nigerian Exchange Group (NGX). Despite macroeconomic challenges, including foreign exchange volatility and fiscal policy shifts, Chams Holdco demonstrated remarkable resilience, achieving outstanding financial growth.

The Group recorded a profit of ₦1.2 billion, reflecting an impressive 218% increase compared to ₦408 million in the corresponding period of 2023. This substantial growth highlights the company's strategic execution, increased profitability, and commitment to delivering value to shareholders.

Revenue Growth & Profitability

Chams Holdco continued its positive revenue trajectory, reporting a 39% increase in total revenue, which rose from₦10.46 billion in 2023 to 14.51 billion in 2024. This growth underscores the Group’s ability to navigate economic headwinds and sustain its market leadership.

Despite a significant provision for outstanding receivables, profit surged to ₦1.2 billion, a substantial leap from ₦408 million in 2023. The company’s robust Financial Position and efficient cost management further reinforced its financial stability.

Key Financial Highlights

Operational Excellence & Industry Leadership

Chams Holdco remains a dominant player in Nigeria’s technological and innovative solutions industry, with strong performance across key financial metrics:

• Return on Average Equity     (ROAE): 11.8%
• Return on Average Assets     (ROAA): 6.0%
• Cost-to-Income Ratio (CIR): 52%

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Outlook for 2025

With a strong financial position and an unwavering focus on innovation, Chams Holdco is well-positioned to sustain its growth momentum. The company remains committed to leveraging technology, expanding its service offerings, and driving long-term value for its stakeholders.

About Chams Holdco

Chams Holding Company Plc is a leading Nigerian technology-driven company specializing in digital identity, payments, and e-commerce solutions. With a legacy spanning over three decades, the Group continues to pioneer innovative solutions that drive financial inclusion and digital transformation.

For media inquiries, please contact:
Chams Holdco Brands and Communications Team
Email: brands@chams.com
Website: www.chamsplc.com

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