Legend Internet Plc financial performance

Legend Internet Plc has experienced a period of financial volatility characterized by declining profits and rising operational costs. In August 2026, the company reported a loss of N416.15 million for the nine-month period ending April 30, 2026, a sharp reversal from the N221.1 million profit recorded during the same period in 2025. This downturn was attributed to a 15.09 per cent revenue drop and a 142.1 per cent surge in administrative expenses.

By September 2026, the company reported a Profit After Tax of ₦13.2 million for the fiscal year ending July 31, 2026. While this returned the company to profitability, it represented a significant decrease from the ₦142.5 million profit in FY 2025. The decline was driven by an 88.9% increase in administrative expenses and a sharp rise in financing costs.

Despite these financial challenges, the company has focused on infrastructure investment and expansion. Total assets grew by 29% to ₦4.14 billion, supported by Legend Fiber and growth in the Wholesale Bandwidth segment. Additionally, the company achieved a free float of 27.24%, meeting Nigerian Exchange (NGX) Main Board listing requirements.