Profit of Legend Internet surges by 44.5% in 2025, reaching a significant mark of N1.1 billion due to the success of their fiber service.
Chams Plc Reports Financial Year Results for 2025
In a recent financial report, Chams Plc, a leading Nigerian company, announced its financial results for the year ended July 31, 2025. The stock price of the company closed at 5.40 Naira on August 26, 2025.
The company's revenue for the year 2025 was N1.19 billion, slightly higher than the N1.13 billion recorded in 2024. This growth was driven by various services, including the fiber business, which contributed N1.12 billion to the total revenue, and wholesale bandwidth, which added N37.6 million. Additionally, Legend WiFi brought in N22.2 million.
However, the company's operating profit decreased to N201.2 million in 2025, compared to N309.8 million in 2024. This decline was attributed to increased sales expenses, which dropped 6.80% to N429.6 million from N461 million. Administrative expenses also spiked by 52.39% to N560.1 million in 2025 from N367.6 million in 2024, due to higher staff costs and depreciation.
Despite the decrease in operating profit, the company managed to boost its gross profit. In 2025, gross profit climbed to N761.4 million, up from N677.4 million in 2024. This growth in gross profit led to an increase in retained earnings, which grew to N734.5 million (+30.73% Year-on-Year).
The company's financial performance also reflected in its profit after tax. Legend Internet Plc reported a profit after tax of N172.6 million for the financial year ended July 31, 2025, a 44.53% increase from the N119.4 million in 2024.
Moreover, the company's total assets rose to N3.3 billion (+10.33% Year-on-Year). This growth in assets indicates the company's ability to generate more revenue and manage its financial resources effectively.
In conclusion, while Chams Plc experienced a decrease in operating profit, the company managed to boost its gross profit, retained earnings, and profit after tax. The company's total assets also grew significantly, reflecting its financial stability and growth potential. The company's stock price closed at 5.40 Naira on August 26, 2025, indicating a positive outlook from the market.
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