Chams declares N270m in final dividend payout to shareholders

Chams Holding Company Plc has declared N270 million in final dividend to shareholders for the fiscal year ended December 31, 2025.

In a corporate announcement on Thursday, the Nigerian-based technology provider disclosed that a final dividend of N0.03 for every share of 50 kobo each, subject to appropriate withholding tax and approval, will be paid to shareholders whose names appear in the register of members as at the close of business on June 18, 2026.

“On 10th July 2026, dividends will be paid electronically to shareholders whose names appear on the Register of Members as of 18th June 2026 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts,” the statement disclosed.

In its unaudited full-year 2025 results, Chams grew revenue by 17.89 percent to N17.48 billion, driven largely by a sharp rise in demand from telecom operators and banks.

Profit after tax increased 54.86 percent to N605.58 million, underscoring how the company is benefiting from Nigeria’s expanding SIM distribution and payments infrastructure.

The clearest signal came from card sales. Revenue from what Chams classifies as “data card products supply of cards” surged by 573.16 percent to N5.90 billion in 2025, reflecting increased SIM card purchases by telecom operators as subscriber growth and SIM replacements accelerated across the market. Banks also continued issuing payment cards at scale, keeping demand for physical cards strong despite the rise of mobile banking and digital wallets.

Those two channels, telecommunications and banking, have become some of the busiest lanes in Nigeria’s digital economy.

In a separate filing on the Nigerian Exchange Group, Chams appointed Michael Uwakwe as a non-executive director, effective April 1, 2026. Uwakwe brings over 30 years of experience, including a career at TotalEnergies, and currently chairs Creditville Limited, a financial services firm with interests in consumer lending, equipment leasing, capital markets, and real estate.

Uwakwe also sits on the board of Redwood Asset Management Company Limited, a Securities and Exchange Commission-registered fund and portfolio manager, and serves on the Investment Strategy Committee of the Total Closed Pension Fund with approval from the National Pension Commission. His professional affiliations include the National Institute of Credit Administration of Nigeria, the Chartered Institute of Personnel & Development (UK), and the British Psychological Society.

Chams said the appointment reinforces its board composition and strengthens governance, particularly in oversight, risk management, and strategic direction. Non-executive directors are expected to provide independent perspectives as the company navigates evolving market conditions and internal structural adjustments. Regulatory filings with the Corporate Affairs Commission to formalise the appointment are ongoing.