Legend Web Plc has printed its outcomes for the {financial} 12 months ended July 31, 2025, reporting a revenue after tax of N172.6 million, a 44.53% leap from the N119.4 million it recorded in 2024.
The corporate’s income held agency at N1.19 billion, up barely from N1.13 billion within the earlier 12 months, with its fiber enterprise doing many of the heavy lifting by contributing N1.12 billion.
Value administration gave top-line earnings a lift, as gross sales bills dropped 6.80% to N429.6 million from N461 million.
Nevertheless, the good points have been tempered by rising overheads. Administrative bills spiked by 52.39% to N560.1 million from N367.6 million, pushed by larger workers prices and depreciation.
After finance prices of N28.5 million, revenue earlier than tax got here in at N172.6 million, nicely under the N285 million posted in 2024.
But, with no tax costs for the 12 months, web revenue grew 44.53% to N172.6 million, in comparison with N119.4 million within the prior 12 months.
On the steadiness sheet facet, complete belongings rose 10.33% to N3.3 billion, whereas retained earnings grew to N734.5 million from N561.9 million in 2024.
As of market shut on August 26, 2025, the corporate’s shares have been priced at N5.40.
