Camelot Ghana declares GH¢0.086 per share dividend after strong 2025 performance
Camelot Ghana PLC recorded a profit after tax of GH¢3.26 million for the year ended December 31, 2025, representing a 27 per cent increase from the GH¢2.56 million reported in the previous year, according to the company’s audited financial statements released on March 31, 2026.
The financial statements, signed by Board Chairman Elizabeth Joyce Villars and Managing Director John Colin Villars, showed that revenue for the year increased to GH¢36.97 million from GH¢28.11 million in 2024, driven by growth in both local and export sales.
Gross profit rose to GH¢16.59 million from GH¢13.59 million, while operating profit increased to GH¢6.05 million from GH¢5.26 million. Profit before taxation stood at GH¢4.49 million, up from GH¢3.57 million.
Dividend declared
The board of directors resolved to declare a dividend for the 2025 financial year totalling GH¢586,136, calculated at a rate of GH¢0.086 per share. This compares with a dividend of GH¢389,269 paid in respect of the previous year.
"The board resolved to declare dividends for the financial year 2025 payable in 2026 totalling GHS 586,136 calculated at a rate of GHS 0.086 per share," the report of the directors stated.
The company’s stated capital remained unchanged at GH¢217,467, with 6,829,276 ordinary shares issued and fully paid.
Financial position
Total assets increased to GH¢27.71 million from GH¢24.81 million, while total liabilities stood at GH¢20.88 million. Total equity strengthened to GH¢6.83 million from GH¢4.03 million in 2024.
Inventories increased to GH¢9.54 million from GH¢5.89 million, while trade and other receivables rose to GH¢7.31 million from GH¢6.39 million. Cash and cash equivalents declined to GH¢963,913 from GH¢1.93 million.
Trade and other payables increased to GH¢12.49 million from GH¢9.27 million.
Loan restructuring
The company’s medium-term loan and short-term loan were restructured on June 1, 2021, and rebooked as a medium-term loan with an interest rate of 20 per cent per annum. Fifty per cent of interest is repayable by the government under the One District One Factory Project. The loan is secured by a legal mortgage over the company’s factory premises in Osu.
Long-term loan stood at GH¢2.82 million, down from GH¢6.79 million, while short-term loan was GH¢3.62 million compared to GH¢3.09 million in the prior year.
Auditor’s findings
The independent auditor, Baker Tilly Andah + Andah, issued an unmodified opinion on the financial statements but drew attention to inadequate narration in the company’s ledgers.
"The company's ledgers contained inadequate narration for all transactions. This pervasive issue increases the risk of incomplete audit trails and reduces transparency in financial reporting," the auditor’s report stated.
The audit fee payable for the year was GH¢90,000, exclusive of taxes.
Corporate Social Responsibility
The company did not undertake any corporate social responsibility initiatives during the year under review, compared to GH¢25,000 spent in 2024.
The directors confirmed that the company has adequate financial resources to continue in operation for the foreseeable future, and the financial statements have been prepared on a going concern basis.