Clydestone Ghana Public Restricted Firm (PLC), listed on the Ghana Inventory Alternate (GSE) beneath the ticker image CLYD, reported a revenue after tax of GHS 463,962 for the yr ended December 31, 2025, considerably decrease than GHS 3.95 million in 2024, because the board of administrators suspended dividends and absorbed vital funding prices to arrange for accelerated progress in 2026.
Income was virtually flat at GHS 23.64 million in comparison with GHS 23.92 million within the earlier yr, a slight lower of 1.2%. The Board attributed the slim distinction to the GHS2.18 million discount in Europay, Mastercard and Visa (EMV) card income from the 2025 books on account of modifications in product cycles. Excluding this line, core recurring income elevated with ATM gross sales supporting the enterprise at GHS18.28 million. Good Supply’s income line jumped from GHS65,352 to GHS1.1 million, a rise of about 1,587%.
4 price objects compressed income. Administrators’ remuneration elevated from GHS842,670 to GHS2.15 million, which the board termed as a revision to market-rate govt remuneration following years of below-market remuneration. Basic and administrative bills elevated from GHS3.22 million to GHS4.73 million. Depreciation expense jumped from GHS 131,973 to GHS 612,944, with investments of GHS 931,657 in automobiles, computer systems and workplace tools. Curiosity and finance prices in 2024 amounted to GHS 1,040,000 in comparison with GHS 666,862, partly reflecting new finance lease agreements for 2 enterprise autos beneath Worldwide Monetary Reporting Normal (IFRS) 16.
The board described all 4 components as both non-recurring, immediately attributable to productive investments, or a mandatory basis for progress, and mentioned underlying working outcomes “remained steady all through fiscal 2025.”
Money and money equivalents ended 2024 at GHS1.08 million, down from GHS8.74 million on the finish of 2024. The corporate utilized its giant money stability from the earlier yr to settle conventional levies and regulatory payables, lowering different payables from GHS9.22 million to GHS5.15 million and totally liquidating its accounts payable. A dividend of GHS1.09 million regarding the 2024 earnings was additionally paid in the identical yr.
Complete property have been GHS 15.81 million as of December 31, 2025, in comparison with GHS 19.9 million in 2024. Earnings per share decreased from GHS 0.1162 to GHS 0.01365. We beneficial no dividend for fiscal 2025.
Wanting forward, the corporate is pursuing three strategic pillars beneath its three-year plan from 2026 to 2029. The primary focuses on automating financial institution branches, introducing ATMs and increasing upkeep contracts throughout Ghana’s monetary establishments. The second covers card issuance and processing beneath the UnionPay worldwide community. Clydestone holds the place of lead acquirer and third celebration processor, which is shared by a small variety of establishments in West Africa. Third, we’re constructing a third-party funds software programming interface (API) platform to serve fintech firms, cell cash operators, and diaspora remittance suppliers.
Clydestone holds an Enhanced Cost Service Supplier (EPSP) license from the Financial institution of Ghana, the very best licensed tier for cost service suppliers within the nation, and maintains integration with the Ghana Interbank Cost System (GhIPSS) infrastructure with nationwide service factors in Accra, Kumasi, Tamale and Takoradi. The monetary statements have been audited by PKF and permitted by the Board of Administrators on Might 13, 2026.
