Legend Internet Generates N4.14bn Asset as Cost Pressures Weigh on Profit

THISDAYLIVE | 22-09-2026 12:25am |

Legend Internet Plc reported that its total assets rose 29 per cent to N4.14 billion in the 12 months ended July 31, 2026, from N3.21 billion a year earlier. The internet service provider disclosed the performance in its unaudited management financial statements filed with the Nigerian Exchange Limited. Total assets increased by N929.4 million during the year, driven largely by a rise in current assets to N1.65 billion from N597.8 million, reflecting continued investment in infrastructure and increased access to financing. Despite a decline in revenue, the company maintained a relatively strong gross profit position, although higher costs are weighing on earnings.

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