Legend Web experiences 44.5% surge in 2025 revenue as fiber hits N1.1 billion

Legend Web Plc has printed its outcomes for the monetary 12 months ended July 31, 2025, reporting a revenue after tax of N172.6 million, a 44.53% soar 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 a lot of the heavy lifting by contributing N1.12 billion.

Wholesale bandwidth added N37.6 million, Legend WiFi introduced in N22.2 million, with different companies filling within the steadiness.

Value administration gave top-line earnings a lift, as gross sales bills dropped 6.80% to N429.6 million from N461 million.

This created room for gross revenue to climb to N761.4 million, up from N677.4 million within the earlier 12 months.

Nonetheless, 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 employees prices and depreciation.

This dragged working revenue right down to N201.2 million in comparison with N309.8 million a 12 months earlier.

After finance prices of N28.5 million, revenue earlier than tax got here in at N172.6 million, effectively under the N285 million posted in 2024.

But, with no tax fees 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, whole property rose 10.33% to N3.3 billion, whereas retained earnings grew to N734.5 million from N561.9 million in 2024.