Chams HoldCo Grows Revenue 18%, Declares ₦270m Dividend As Oloketuyi Emerges Chairman
Chams Holding Company Plc recorded an 18 per cent increase in revenue to ₦17.65 billion for the financial year ended December 31, 2025, declared a dividend of three kobo per ordinary share amounting to ₦270 million, and announced the appointment of Segun Oloketuyi as Chairman of the Board following the retirement of founder, Sir Demola Aladekomo.
The dividend reflects the company’s commitment to rewarding shareholders while retaining sufficient capital to support its future growth and expansion initiatives.
The technology and digital solutions group reported an operating profit of ₦1.37 billion, representing a 17 per cent increase from ₦1.17 billion recorded in 2024. Profit after tax also rose by 6.66 per cent to ₦417 million from ₦391 million in the previous year, underscoring stronger earnings from core operations despite Nigeria’s challenging macroeconomic environment.
Group Managing Director, Mayowa Olaniyan, in her statement, described the 2025 performance as a significant milestone in the company’s evolution, noting that improved operating efficiency and a more diversified revenue base enhanced the quality of earnings.
Speaking at the company’s 42nd Annual General Meeting (AGM), outgoing Chairman and founder, Sir Aladekomo, who retired after four decades of leading the company, described Oloketuyi as a distinguished financial services executive with deep corporate governance expertise and a strong commitment to creating long-term shareholder value.
He also welcomed Tomiwa Aladekomo as Vice Chairman, expressing confidence that the new leadership team, working alongside Olaniyan, would accelerate Chams’ next phase of innovation, digital transformation and pan-African expansion.
In his acceptance speech, Oloketuyi paid glowing tribute to Sir Aladekomo, describing him as an institution builder whose visionary leadership laid the foundation for Chams’ enduring success and transformation into a leading technology company.
Shareholders approved all resolutions presented at the AGM, including the re-election of directors and honoured the retiring Chairman with a standing ovation in recognition of his outstanding contributions.
Following the AGM, the Board and Management of Chams paid a courtesy visit to the Nigerian Exchange Limited (NGX), where Sir Aladekomo formally introduced Oloketuyi to the Exchange’s management as the company’s new Chairman.
Speaking during the visit, Chief Executive Officer of NGX Regulation Limited, Femi Shobanjo, commended Chams for its longevity, strong corporate governance culture and seamless leadership succession, describing the company as a model of sound corporate governance and sustainable management.
Chams’ hybrid capital offer closed 37 per cent oversubscribed last year, reflecting strong investor confidence in the company’s long-term growth strategy. The proceeds will be deployed to expand card manufacturing capacity, roll out self-service digital banking kiosks and biometric verification solutions, strengthen its proprietary payment switching platform, and accelerate its pan-African expansion through the ChamsAccess Consortium.
Across its subsidiaries, the Group recorded notable operational milestones during the year. ChamsAccess processed more than ₦150 billion in pension remittances for over 1,500 corporate organisations through its PenCentral platform and launched Sierra Leone’s National Pension Automation Project under the ChamsAccess–Sierra Leone Consortium, marking the company’s first structured expansion into another African market.
CardCentre Nigeria Limited manufactured more than eight million SIM cards for MTN Nigeria during the year and introduced Nigeria’s first biodegradable SIM cards, reinforcing its commitment to environmental sustainability.
ChamsSwitch rebranded its payment switching platform as Glass, a next-generation payment infrastructure designed to support digital banking and merchant payment services at scale while expanding cross-border payment capabilities across Africa–Asia trade corridors.
Meanwhile, ChamsMobile advanced financial inclusion through its KEGOW platform and expanded its digital solutions into education technology, human resources technology and institutional electronic voting with its VOTA platform.
