Chams Holding Company Plc delivered a resilient financial performance for the six months ended 30 June 2026, with profitability strengthening even as topline growth moderated against a challenging macroeconomic backdrop. The Group's unaudited consolidated results show improved gross margins, disciplined cost management on cost of sales, and a significant contribution from finance income, though these gains were partly offset by higher administrative expenses across the enlarged Group.

Financial Highlights

Group revenue was at ₦10.34 billion for H1 2026,compared with ₦10.09 billion in H1 2025, a marginal increase by 2.49%. Cost of sales fell 8.83% to ₦7.22 billion from ₦7.92 billion, driving gross profit up31.0% to ₦2.57 billion from ₦1.96 billion, a clear improvement in margin quality even as revenue held steady.

Administrative expenses rose 70.6% to ₦2.05 billion from ₦1.20 billion, reflecting the Group's expanding operational base, and weighed on operating profit, which declined 44.2% to ₦528.6 million from ₦948.2million. However, a sharp increase in finance income, up to ₦538.8 million from ₦18.1 million more than offset a modest 5.5% rise in finance expense to ₦460.7million, lifting profit before tax by 14.6% to ₦606.8 million from ₦529.6million.

After a tax charge of ₦133.5 million (up 20.6% from₦110.7 million), profit after tax grew 13.0% to ₦473.3 million from ₦419.0million in the prior-year period, underscoring the Group's ability to convert margin gains and finance income into stronger bottom-line performance despite a softer revenue environment.

Operational Milestones

CardCentre reached a major milestone in Q2 with its relocation to a larger production facility, complemented by the installation of new personalization machines alongside new milling and embedding machines, expanding its production capabilities. During the quarter, CardCentre commenced personalization of UnionPay cards and produced and personalized over 2 million SIM and financial cards, reinforcing its position as a leading provider of secure card personalization solutions.

ChamsMobile also drove growth across its Kegow and VOTA platforms, strengthening their visibility through activations at Babcock University and the OAU Outdoor Movie Rave, expanding the Kegow Campus Ambassador Programme, and powering the Ilesa Grammar School Alumni elections via VOTA. On the product side, ChamsMobile launched the Kegow savings feature, advanced new savings, insurance, and investment features for a Q3 rollout, linked virtual wallets to business wallets on the Easypay and Hydrogen-payswitches, and delivered over 700 E-networks cards with a further 10,000 invoiced.

Outlook

Looking ahead, Chams Holding Company Plc remains focused on deepening profitability and strengthening its balance sheet. The Group will continue to prioritize margin discipline across its subsidiaries while managing the cost pressures associated with its expanding operational footprint, as it works toward sustainable long-term value creation for shareholders.

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