eTranzact's Profit After Tax Falls 42.7% in 2026

eTranzact International Plc announced a 42.7% decline in profit after tax to N1.38 billion for the nine months ending September 30, 2026, compared to N2.41 billion in the same period of 2025. The decline was attributed to rising operating expenses that outpaced revenue growth.

Revenue increased by 4.4% to N20.99 billion from N20.11 billion year-on-year. However, operating profit fell by 44.4% to N1.75 billion from N3.14 billion, reflecting higher administrative expenses and cost of sales.

The third quarter showed a more significant decline, with profit after tax dropping by 80.6% to N156.04 million from N803.96 million in the corresponding quarter of 2025, and revenue decreasing by 30% to N4.71 billion from N6.74 billion. Total assets declined by 30.2% to N32.21 billion as of September 30, 2026, from N46.14 billion at December 31, 2025, primarily due to a reduction in cash and cash equivalents.