# Nigerian corporate earnings reports – H1 2026

> Live situation record from CLSTR: https://clstr.news/situations/nigerian-corporate-earnings-reports
> Updated: 2026-08-01T15:38:40.000Z. Sources: 13. Developments: 2.

In early July 2026, Academy Press reported a 65 % profit plunge and cut its dividend to 10 kobo per share, underscoring strain in the publishing sector. By early August, MTN Nigeria posted a record pre‑tax profit of N1.09 trillion on a 38 % surge in data revenue and declared an interim dividend of N26 per share, while University Press narrowed its post‑tax loss to N153.7 million through higher revenue and tighter costs.

The first half of 2026 showed a broader, mixed picture across Nigeria’s corporate landscape. The three largest cement producers – Dangote Cement, BUA Cement and Huaxin Building Materials (HBM Nigeria) – together earned more than N1.17 trillion after tax on revenues of about N3.92 trillion. HBM alone posted a 57 % profit rise to N208 billion. The state‑owned Nigerian National Petroleum Company remitted N6.286 trillion to the Federation Account, representing roughly 42.7 % of its 2025 payments. Oando Plc cut its pre‑tax loss by 77 % to N32.84 billion as revenue grew 20 %.

MTN’s August 1 filing adds detail: the N1.09 trillion pre‑tax profit reflected a 75.4 % year‑on‑year increase, with total revenue up 25.9 % to N2.99 trillion, driven largely by a 38.3 % jump in data revenue to N1.70 trillion (56.8 % of total). After‑tax profit rose 70.6 % to N707.5 billion and earnings per share rose accordingly. An interim dividend of N26 per share is payable on 7 September 2026. Management cited strong subscriber growth, lower financing costs and a more stable naira for offsetting inflationary pressures and boosting margins, underscoring the resilience of Nigeria’s digital economy and MTN’s shift to a data‑centric model.

## Claims

- University Press Plc loss after tax narrowed by 14.2% to N153.7 million in H1 2026. (single source)
- Nigeria’s three largest cement manufacturers posted combined profit after tax of over N1.17 trillion in H1 2026. (single source)
- NNPC remitted N6.286 trillion to the Federation Account in the first half of 2026. (single source)
- MTN Nigeria posted a pre‑tax profit of N1.09 trillion for H1 2026, a 75.4% year‑on‑year increase. (single source)
- Oando Plc reported a pre‑tax loss of N32.84 billion in H1 2026, a 77.5% reduction from H1 2025. (single source)
- HBM Nigeria posted profit after tax of N208 billion, a 57% increase, and revenue grew 31% in H1 2026. (single source)

## Timeline

### 2026-08-01: MTN Nigeria records record N1.09 trn pre‑tax profit in H1 2026

MTN Nigeria posted a record N1.09 trn pre‑tax profit for H1 2026, with revenue up 25.9 % to N2.99 trn, data revenue up 38.3 %, profit after tax N707.5 bn and a N26 per‑share dividend.

13 sources. https://clstr.news/cluster/mtn-nigeria-records-record-pretax-profit-while-university-press-narrows-losses

### 2026-07-06: Nigeria's Academy Press posts 65% profit drop, cuts dividend to 10 kobo per share

Academy Press Plc’s 2026 results show a 65% fall in profit after tax to N253 m, a 78% drop in pre‑tax profit, revenue down 3.8%, and a dividend cut to 10 kobo per share.

2 sources. https://clstr.news/cluster/nigerias-academy-press-posts-65-profit-drop-cuts-dividend-to-10-kobo-per-share

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Cite as: Nigerian corporate earnings reports – H1 2026. CLSTR, https://clstr.news/situations/nigerian-corporate-earnings-reports