CWG Plc (NGX:CWG)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
22.85
+1.90 (9.07%)
At close: Apr 14, 2026

CWG Plc Income Statement

Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
65,55846,35323,52914,20711,709
Revenue Growth (YoY)
41.43%97.00%65.62%21.33%-0.06%
Cost of Revenue
50,02136,64818,89810,4828,905
Gross Profit
15,5379,7054,6323,7252,803
Selling, General & Admin
6,8214,9413,0442,4041,865
Research & Development
----9.19
Amortization of Goodwill & Intangibles
11.259.7612.3880.0976.1
Operating Expenses
7,6725,2933,2762,7372,067
Operating Income
7,8654,4121,356987.11736.03
Interest Expense
-61.1-95.51-84.13-55.92-48.54
Interest & Investment Income
421.2162.6415.055.559.4
Currency Exchange Gain (Loss)
-605.2218.74-182.03-219.67-186.87
Other Non Operating Income (Expenses)
259.3442.7117.0119.88101.04
EBT Excluding Unusual Items
7,8794,4411,122736.96611.07
Gain (Loss) on Sale of Investments
--23.88-0.03-0.22-
Gain (Loss) on Sale of Assets
0.080.0610.044.645.36
Pretax Income
7,8794,4171,132741.39616.43
Income Tax Expense
2,9041,373555.83264.58166.79
Net Income
4,9753,044576.08476.8449.64
Net Income to Common
4,9753,044576.08476.8449.64
Net Income Growth
63.44%428.41%20.82%6.04%1.46%
Shares Outstanding (Basic)
2,5252,5252,5252,5252,525
Shares Outstanding (Diluted)
2,5252,5252,5252,5252,525
EPS (Basic)
1.971.210.230.190.18
EPS (Diluted)
1.971.210.230.190.18
EPS Growth
63.44%428.41%20.85%6.02%1.47%
Free Cash Flow
-2,7135,293862.42-1,251332.17
Free Cash Flow Per Share
-1.072.100.34-0.500.13
Dividend Per Share
0.7000.3900.1600.040-
Dividend Growth
79.49%143.75%300.00%--
Gross Margin
23.70%20.94%19.68%26.22%23.94%
Operating Margin
12.00%9.52%5.76%6.95%6.29%
Profit Margin
7.59%6.57%2.45%3.36%3.84%
Free Cash Flow Margin
-4.14%11.42%3.67%-8.81%2.84%
EBITDA
8,2584,6641,5341,132821.94
EBITDA Margin
12.60%10.06%6.52%7.97%7.02%
D&A For EBITDA
393.33251.89178.1614585.91
EBIT
7,8654,4121,356987.11736.03
EBIT Margin
12.00%9.52%5.76%6.95%6.29%
Effective Tax Rate
36.86%31.09%49.10%35.69%27.06%
Advertising Expenses
510.85287.65103.2392.8250.45
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.