Chams Holding Company Plc delivered a robust financial performance for the quarter ended 31 March2026, achieving meaningful growth across key financial metrics despite a challenging macroeconomic backdrop. The Group's unaudited consolidated results reflect sustained operational momentum, underpinned by disciplined , improved gross margins, and continued execution across its diversified portfolio encompassing identity management, card personalization, payment solutions, and digital services.

Financial Highlights

Group revenue grew 8.5% year-on-year to ₦4.20 billion, up from ₦3.87 billion in Q1 2025. More notably, gross profit surged 71.2% to ₦1.33 billion from ₦775.5 million in the prior year period, reflecting the Group's ability to grow revenue while simultaneously reducing cost of sales from ₦3.09 billion to ₦2.87 billion, a clear demonstration of operational efficiency and margin discipline.

Profit after tax rose 188% to ₦429.4 million, compared with ₦148.9 million in Q1 2025, underscoring the Group's improved earnings quality. Operating profit grew 22.3% to ₦468.8million, even as administrative expenses increased to ₦866.7 million from ₦542.5 million, reflecting the natural costs associated with an expanding operational base. Basic and diluted earnings per share improved to 3.61 kobo from 3.00 kobo, translating financial performance directly into enhanced shareholder value.

Operational Milestones

The Group's subsidiaries recorded significant operational achievements during the period, reinforcing the Group's long-term growth trajectory.

CardCentre demonstrated strong capacity and utilization, personalizing over 2.6 million cards in Q1 2026 across a diverse client base, with UnionPay cards making their debut in the international card scheme segment. This achievement highlights the subsidiary's cross-sector reach spanning telecoms, fintech, and global payment networks. CardCentre has completed construction of its new card plant, which is scheduled to commence operations in May 2026, and has taken delivery of additional machines to further expand production capacity to support future demand.

ChamsSwitch activated its Visa Payment Facilitator (PayFac) rail during the quarter, enabling the processing of USD-denominated cross-border transactions, a significant milestone in the Group's payments infrastructure evolution. Since activation, ChamsSwitch is positioning to capture growing flows from Nigeria's diaspora remittance corridors and international trade payments. This development reinforces the Group's strategic relevance within Nigeria's rapidly evolving digital payments ecosystem and its commitment to delivering secure, scalable, and globally compliant payment infrastructure.

Outlook

Looking ahead, Chams Holding Company Plc remains firmly focused on deepening profitability, strengthening stakeholder confidence, and executing its strategic priorities across identity management, payments, card personalization, mobility, and digital services. Supported by an improving balance sheet, a strengthened capital base following the recently completed Rights Issue, and subsidiaries delivering measurable progress against their respective growth mandates, the Group is well-positioned to generate sustainable long-term value for its shareholders.

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