Chams says Q1 2026 profit rose 188% to ₦429.4m as cybersecurity and infrastructure revenue jumped 240% to ₦730.3m, lifting margins.
Chams Holding Company Plc, a Nigerian identity management and transactional technology provider, said Q1 2026 profit after tax climbed 188.44% to ₦429.40 million. The company said stronger demand for cybersecurity work helped lift earnings.
Revenue increased 8.52% to ₦4.20 billion, based on its unaudited first-quarter results filed on the Nigerian Exchange. Cost of sales fell 7.18%, which helped widen margins.
A major driver was the cybersecurity and infrastructure unit, where revenue rose 240.11% year on year to ₦730.31 million. Cybersecurity here means tools and services that help organisations prevent, detect, and respond to hacking and data theft.
Chams also signaled a shift in its mix. Biometrics (digital identity checks like fingerprints and face match) and card services still anchor revenue, but security services and digital infrastructure are becoming a bigger part of its growth plan.
The numbers point to rising corporate and government spend on cyber risk in Nigeria. More attacks and tighter compliance expectations are pushing organisations to invest in protection and monitoring, not just basic IT.
Chams said the Q1 cybersecurity and infrastructure figure already equals 88.44% of the segment’s full-year 2025 revenue. If demand holds, this unit could become a larger earnings engine than the company’s more mature identity and card businesses.
For buyers, it is another sign that local vendors are capturing a larger share of security budgets. That matters as companies look for faster incident response and systems that meet Nigerian regulatory requirements.
Related reading: Nigeria’s new cyberattack disclosure rules for banks and fintechs may further lift security spend over time.
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