CWG Plc (NGX:CWG)

Revenue by Segment

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
IT Infrastructure Services	23.59B	12.75B	11.70B	4.82B	3.67B
IT Infrastructure Services Growth	85.00%	8.97%	142.75%	31.51%	15.24%
Communications & Integrated	6.90M	447.45M	86.79M	62.55M	38.94M
Communications & Integrated Growth	-98.46%	415.55%	38.75%	60.62%	-57.22%
Managed and Support Services	18.78B	14.55B	7.06B	5.15B	5.31B
Managed and Support Services Growth	29.09%	106.00%	37.05%	-3.01%	-17.91%
Software	21.34B	16.43B	3.81B	3.44B	2.18B
Software Growth	29.88%	330.78%	10.84%	57.57%	49.98%
Platform Business	1.84B	2.18B	862.95M	729.14M	507.08M
Platform Business Growth	-15.46%	152.14%	18.35%	43.79%	-1.63%
Total	65.56B	46.35B	23.53B	14.21B	11.71B
Total Growth	41.43%	97.00%	65.62%	21.33%	-0.06%

Revenue by Geography

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Nigeria	42.88B	30.06B	15.78B	9.92B	8.53B
Nigeria Growth	42.62%	90.54%	59.05%	16.32%	-1.89%
Ghana	8.92B	8.44B	4.13B	2.39B	1.68B
Ghana Growth	5.70%	104.37%	72.52%	42.54%	16.93%
Uganda	12.88B	7.34B	3.55B	1.80B	1.48B
Uganda Growth	75.58%	106.77%	97.17%	21.51%	-5.03%
Cameroon	21.50M	11.86M	-	3.34M	20.02M
Cameroon Growth	81.27%	-	-	-83.32%	-27.40%
Unallocated	854.20M	500.77M	72.91M	89.92M	-
Unallocated Growth	70.58%	586.87%	-18.92%	-	-
Total	65.56B	46.35B	23.53B	14.21B	11.71B
Total Growth	41.43%	97.00%	65.62%	21.33%	-0.06%

Source: S&P Global Market Intelligence.