[REVISION HISTORY]

Nigerian corporate earnings reports – H1 2026

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-03 04:44 UTC → 2026-08-03 14:14 UTC · added ~~removed~~

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 %. ~~These results highlight strong performance~~ 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 ~~telecom, cement~~ data revenue to N1.70 trillion (56.8 % of total). After‑tax profit rose 70.6 % to N707.5 billion and ~~oil‑related sectors, while publishing firms continue~~ 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 ~~grapple with losses.~~ a data‑centric model.

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