Technology and digital solutions company, Chams Holding Company Plc, has reported improved financial performance for the 2025 financial year, posting higher revenue, increased profitability and rewarding shareholders with a cash dividend while ushering in a new leadership team to drive its next phase of growth.
The company announced an 18 per cent increase in revenue to N17.65bn for the year ended December 31, 2025, up from the previous year's performance. It also declared a dividend of three kobo per ordinary share, amounting to N270m, reflecting what it described as a balanced approach to rewarding investors while preserving capital for future expansion.
Chams recorded an operating profit of N1.37bn during the year, representing a 17 per cent increase from N1.17bn posted in 2024. Profit after tax also climbed by 6.66 per cent to N417m from N391m, highlighting stronger earnings from the group's core operations despite prevailing macroeconomic challenges in Nigeria.
The financial results were announced alongside a significant leadership transition at the company's 42nd Annual General Meeting, where founder and outgoing Chairman, Demola Aladekomo, formally retired after four decades of steering the company. Shareholders approved the appointment of Segun Oloketuyi as the new Chairman of the Board.
In her statement, Group Managing Director, Mayowa Olaniyan, described the company's 2025 performance as a major milestone, noting that operational improvements and business diversification contributed to stronger earnings quality.
Speaking during the annual meeting, Aladekomo described Oloketuyi as a seasoned financial services executive with extensive experience in corporate governance and value creation.
He also welcomed Tomiwa Aladekomo as Vice Chairman, expressing confidence that the new leadership team, alongside Olaniyan, would accelerate the company's innovation agenda, digital transformation initiatives and pan-African expansion strategy.
In his acceptance speech, Oloketuyi paid tribute to the company's founder.
"Demola Aladekomo is an institution builder whose visionary leadership laid the foundation for Chams' enduring success and transformation into a leading technology company."
Shareholders approved all resolutions presented at the meeting, including the re-election of directors, and honoured Aladekomo with a standing ovation in recognition of his decades of service and contributions to the company.
Following the AGM, the board and management paid a courtesy visit to the Nigerian Exchange Limited, where Aladekomo formally introduced Oloketuyi to the exchange's management as the company's new chairman.
During the visit, the Chief Executive Officer of NGX Regulation Limited, Femi Shobanjo, praised Chams for its strong governance culture and orderly succession process.
"Chams is a model of sound corporate governance and sustainable management."
The company also highlighted growing investor confidence in its long-term strategy, noting that its hybrid capital offer closed 37 per cent oversubscribed last year. According to the company, proceeds from the fundraising will be invested in expanding card manufacturing capacity, deploying self-service digital banking kiosks, enhancing biometric verification solutions, strengthening its proprietary payment switching platform and accelerating its pan-African expansion through the ChamsAccess Consortium.
Across its subsidiaries, Chams reported several operational achievements during the year.
Its subsidiary, ChamsAccess, processed more than N150bn in pension remittances for over 1,500 corporate organisations through its PenCentral platform. The company also launched Sierra Leone's National Pension Automation Project under the ChamsAccess–Sierra Leone Consortium, marking its first structured expansion into another African market.
CardCentre Nigeria Limited manufactured more than eight million SIM cards for MTN Nigeria during the year and introduced Nigeria's first biodegradable SIM cards, reinforcing the group's commitment to environmental sustainability.
Meanwhile, ChamsSwitch rebranded its payment switching platform as Glass, a next-generation payment infrastructure designed to support digital banking, merchant payment services and cross-border transactions across Africa–Asia trade corridors.
The group's digital innovation efforts also continued through ChamsMobile, which expanded financial inclusion initiatives using its KEGOW platform while extending its technology solutions into education technology, human resources technology and institutional electronic voting through its VOTA platform.