# Legend Internet Plc financial performance > Live situation record from CLSTR: https://clstr.news/situations/legend-internet-plc-financial-performance > Updated: 2026-09-15T14:30:53.000Z. Sources: 2. Developments: 2. 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. ## Timeline ### 2026-09-15: Legend Internet reports ₦13.2m annual profit amid rising costs Legend Internet Plc reported a drop in annual profit to ₦13.2 million for FY 2026, as rising administrative and financing costs offset a 29% increase in total assets. 2 sources. https://clstr.news/cluster/legend-internet-reports-132m-annual-profit-amid-rising-costs ### 2026-08-16: Legend Internet reports N416.15 million loss for nine months Legend Internet Plc reported a N416.15 million loss for the nine months ending April 30, 2026, driven by falling revenue and sharply rising administrative expenses. 6 sources. https://clstr.news/cluster/legend-internet-reports-n41615-million-loss-for-nine-months --- Cite as: Legend Internet Plc financial performance. CLSTR, https://clstr.news/situations/legend-internet-plc-financial-performance