eTranzact International Plc, a Nigerian payments and switching company, failed to hit its 2025 profit target despite posting a slight revenue increase, according to its unaudited results.
The company’s profit after tax fell by 15.68% to ₦2.97 billion ($2.14 million) in 2025. Revenue for 2025 rose marginally by 1.08% to ₦29.82 billion (21.45 million), while gross profit climbed 24.48%.
In an email to TechCabal, the company said, “Major projects/mandates that were set to commence in Q4 2025, these projects are major drivers of the projected Q4 2025 revenue/earnings forecast, and drive revenue significantly during the quarter, were stalled due to some external dependencies.”
Cost of sales dropped 13.62%, suggesting an improvement in unit economics. But a 50.08% increase in administrative expenses to ₦9.24 billion ($6.65 million) wiped out those gains, dragging full-year profit below 2024 levels.
Money VerticalFY 2025: Annual Efficiency vs. Operational Friction
