Legend Internet Plc has published its results for the financial year ended July 31, 2025, reporting a profit after tax of N172.6 million, a 44.53% jump from the N119.4 million it recorded in 2024.
The company’s revenue held firm at N1.19 billion, up slightly from N1.13 billion in the previous year, with its fiber business doing most of the heavy lifting by contributing N1.12 billion.
Cost management gave top-line profits a boost, as sales expenses dropped 6.80% to N429.6 million from N461 million.
However, the gains were tempered by rising overheads. Administrative expenses spiked by 52.39% to N560.1 million from N367.6 million, driven by higher staff costs and depreciation.
After finance costs of N28.5 million, profit before tax came in at N172.6 million, well below the N285 million posted in 2024.
Yet, with no tax charges for the year, net profit grew 44.53% to N172.6 million, compared to N119.4 million in the prior year.
On the balance sheet side, total assets rose 10.33% to N3.3 billion, while retained earnings grew to N734.5 million from N561.9 million in 2024.
As of market close on August 26, 2025, the company’s shares were priced at N5.40.