eTranzact International Plc is a Nigerian payment and switching company that expects to see its profit grow by at least 26.03 percent to N4.28 billion (US$2.98 million) by 2025 despite a projected 5.34% drop in revenue to N28.30 million ($19.69 millions) from N29.89 billion ($20.80 million).
In the first nine months 2025, revenue for the company fell by 8.26% from N20.11 to N20.11 ($13.99 million), but profit after tax grew by 12.45% to N2.41 to N1.68 million. eTranzact estimates N8.19 billion ($5.69 millions) in revenue for Q4 2025 and N1.87 million ($1.30million) in profit after taxes. This brings the annualised figures to N28.30 ($19.69million) and N4.28 ($2.98million).
This was disclosed in the company’s Q4 2025 Earnings forecast Unaudited Financial Statements For the nine-month period ending September 2025. The projection reflects eTranzact’s shift away from airtime sales – historically one of the company’s largest but lowest-margin revenues lines. Airtime aggregation accounted for N16.83 billion ($11.71m), or 56.29%, of total revenue in 2024.
Over the years, value-added services such as airtime have always been a large part of our revenue. A spokesperson for the company told TechCabal that this is a very low margin. “Right Now, we are concentrating our efforts on high-margin lines of revenue, which account for the majority of our revenue. It is because of this that it appears as if revenue and cost of sale are dropping.
The cost of sales is expected by 2025 to drop from N18.54 to N13.21 billion (annualised), a drop of 28.73%.
Gross profit
Sales cost
Showworkings
These percentages are based upon the Gross profit margin for each year.
Actual 2024:
N18.54bn cost / N29.89bn revenue=62% Cost
N11.35bn profit / N29.89bn revenue=38% Profit
Projected 2025:
N13.21bn cost /[19452930bn(N2830bn(N2830bn(Project][19459029InH12025revenuedropped543%toatotalofN1328billionGrossprofitrose3958%toatotalofN644billionCostsofsalesfell2748%ton684billionProfitaftertaxrose1832%forthehalf-yeartoN151billion
Key Financials for eTranzact
Comparison of 2024 (Actual), vs. projected 2025
2020 Decline in 2025 Growth in 2025
[13.21bn]
Source: eTranzact Q4 2025 earnings forecast. The tallest bar in each group represents 100% for that metric.
eTranzact has also reported improved operational cash flow. Cash receipts from customers were N19.79 billion ($13.77 millions) in September 2025. Payments to suppliers and employees were N15.73 million ($10.95 millions), leaving a net positive of N4.07 million ($2.83million).
During the same period in 2024, eTranzact recorded N21.87 ($15.22) billion in cash receipts, but N26.53 ($18.46) billion in payments. This resulted in a N4.66 ($3.24) billion negative net. “We are prioritizing our other business lines such as switching which includes funds transfers, bill payments, payment portal, our financial inclusion business and every other need,” the spokesperson stated. eTranzact is a provider of switching, merchant acquiring and consumer solutions. It offers products such as PocketMoni, a fintech app, Corporate Pay, which handles salary disbursements, PayOutlet, which processes merchant payments, SwitchIT, a transaction processing platform, and Credo, a social commerce payment gateway.
As the company focuses on digital payments and enterprise platforms, it expects airtime to continue to decline. It is also betting that its recent Federal Inland Revenue Service approval to support Nigeria’s eInvoicing rollout will lead to growth. This initiative by the government to digitise business and tax processes, was approved by FIRS. The spokesperson said that it was a big deal in terms of revenue. “We are a major player in this sector and one of the leading drivers of electronic-invoicing at FIRS.”
