eTranzact revenue rises 22.6% to N16.3 billion in H1 2026
eTranzact International Plc grew revenue by 22.6% to N16.28 billion in the first half of 2026, as the payments company expanded its operations during the period. The post eTranzact revenue rises 22.6% to N16.3 billion in H1 2026 appeared first on Nairametrics .
In the first half of 2026, eTranzact International Plc experienced a 22.6% revenue increase, reaching N16.28 billion. The company's growth was driven by expansion of its agent banking and POS network, despite rising costs that hindered profitability. eTranzact's revenue, up from N13.28 billion in H1 2025, showed a disconnect between top-line growth and bottom-line performance.
A significant change in ownership structure occurred, with Access Bank Nigeria Plc reducing its stake from 37.56% to 19.03% and eTranzact Global Limited's holding falling from 22.50% to 14.49%. The company's costs, particularly related to capital expenditure and operations, rose considerably faster than revenue. eTranzact invested N1.23 billion in capital expenditure during the period, with N850 million directed towards POS deployment.
This expansion resulted in nearly doubled payments to suppliers and employees, reaching about N21 billion, and operating cash flow turned negative at N6.86 billion. Although eTranzact showed profitability in 2025 despite weaker earnings, its H1 2026 performance faced a legal issue related to alleged fraudulent transactions on its platform.
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