eTranzact’s nine-month profit after tax declines 42.7% to N1.38 billion
eTranzact International Plc reported a 42.7% decline in profit after tax to N1.38 billion for the nine months ended September 30, 2026, compared with N2.41 billion recorded in the corresponding period of 2025, as rising operating expenses weighed on profitability. The post eTranzact’s nine-month profit after tax declines 42.7% to N1.38 billion appeared first on Nairametrics .
eTranzact International Plc announced a 42.7% drop in profit after tax to N1.38 billion over the nine months ending September 30, 2026, as operating expenses surged. Despite a 4.4% rise in revenue to N20.99 billion, operating profit fell by 44.4% to N1.75 billion. The third quarter revealed a more severe decline, with profit after tax plummeting 80.6% to N156.04 million and revenue slipping 30% to N4.71 billion.
Total assets dwindled to N32.21 billion, down 30.2% from N46.14 billion, primarily due to a reduction in cash reserves. Total liabilities decreased to N14.64 billion, largely due to a drop in trade payables. Shares of eTranzact sank 7.39%, closing at N16.30, after previously rising 10% on the day.
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