Chellarams Plc has returned to profitability in the first quarter of 2026, reporting a profit before tax of N1.45 billion, a significant turnaround from a loss of N38.52 million in the same period last year. The company recorded an 83.64% year-on-year increase in revenue to N9.66 billion, driven by improved pricing and stronger performance across its subsidiaries. Despite the positive earnings, the company continues to manage a challenging balance sheet with a negative working capital position and significant accumulated losses.