Standalone Q2 revenue grew 10.2% year-on-year (down 5.4% sequentially from Q1 2026). Although gross margins held firm at 44.8%, operating overheads rose 28.3% year-on-year. Driven by an elevated quarterly effective tax rate of 51.2%, Q2 profit after tax fell 15.6% year-on-year to ₦37.0 billion (and down 33.8% quarter-on-quarter).

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