Top NGX-listed tech companies ranked by revenue growth in 2026
AI Executive Briefing
Gemini Flash AI~45s readTechnology and telecommunications companies on the NGX showed mixed financial results in 2026, with revenue growth ranging from 4.4% to 650%. While top-line expansion was common, rising administrative and operating costs frequently pressured bottom-line profitability.
Context & Background
- ✦The analysis covers nine NGX-listed companies across telecommunications, e-payments, and IT infrastructure, comparing 2026 performance against 2025 figures.
- ✦Reporting periods vary among the firms, with most reporting for the nine months ended September 2026, while others provided half-year or full-year results.
Key Figures & Named Entities
MTN Nigeria:Reported N4.61 trillion in revenue for the nine months ended September 2026.NCR Nigeria:Achieved a 29.3% revenue increase to N1.94 billion and nearly doubled its profit after tax to N473.55 million.
Outlook & Next Steps
Companies continue to navigate inflationary pressures and rising administrative expenses, with market performance remaining tied to data demand and operational efficiency in the final quarter of 2026.
Key Takeaways
AI Summary- Omatek Ventures led the NGX tech sector with a 650% revenue growth, though this was achieved from a very low base of N200,000.
- MTN Nigeria demonstrated significant scale, reporting N4.61 trillion in revenue for the nine months ended September 2026, supported by a 35.8% surge in data revenue.
- Revenue growth did not guarantee profitability across the board; companies like CWG and eTranzact experienced revenue increases alongside declines in profit after tax due to rising operating costs.
Key Facts:July 31, 2026: Legend Internet recorded a 7.4% revenue decline to N1.10 billion for the 12 months ended July 31, 2026.September 30, 2026: MTN Nigeria's revenue grew to N4.61 trillion for the nine months ended September 30, 2026, compared to N3.73 trillion in the same period of 2025.
Editorial Excerpt
Technology and telecommunications companies listed on the Nigerian Exchange (NGX) recorded varying revenue performances in 2026, with.
Frequently Asked Questions About This Story
Which company recorded the highest revenue growth among the nine listed firms?
Omatek Ventures recorded the highest revenue growth at 650%, increasing from N200,000 in 2025 to approximately N1.5 million in 2026.
Why did Airtel Africa's revenue growth differ between reported and constant-currency?
Airtel Africa reported a 28.2% increase in reported-currency revenue, while its growth was 20.8% on a constant-currency basis.
