Legend Internet Plc reported a quarterly loss as higher operating expenses outweighed revenue from its broadband and Wi-Fi businesses, extending pressure on the Abuja-based internet services provider.
The company posted a net loss of N14.8 million for the period ended Oct. 31, 2025, compared with a profit of N94.5 million a year earlier, according to its unaudited financial statement filed on the Nigerian Exchange on Wednesday.
Revenue fell 17 percent to N258.3 million from N309.7 million, driven largely by a drop in Legend Fiber sales, its core business line.