ABC Transport Plc has reported a profit after tax of N465.5 million for the first half of 2025, marking a strong turnaround from the N191.5 million loss recorded in the same period of 2024. The financial results, released through the Nigerian Exchange Limited, show that the transport and logistics company experienced significant growth in revenue and profitability within the six months ending June 30, 2025.
According to the company’s half-year financial statements, ABC Transport’s revenue rose sharply to N7.7 billion, representing a 52 per cent increase from the N5.1 billion generated in the first half of 2024. This growth was supported by higher passenger volumes, increased freight services, and improved operational efficiency. The gross profit also climbed by 55 per cent to N1.8 billion, showing better cost management despite economic pressures and rising fuel costs.
Administrative expenses were relatively stable at N1.2 billion during the review period, showing that the company maintained tight control over its overheads. Finance costs dropped by 18 per cent to N205.3 million, compared to N250.4 million in the same period last year, mainly due to better debt servicing and repayment strategies. Profit before tax rose significantly to N734.4 million from a loss before tax of N56.2 million recorded in the first half of 2024.
The company’s total comprehensive income stood at N357 million, a remarkable improvement from the loss of N335.4 million recorded a year earlier. Basic earnings per share rose to 9.38 kobo, compared with a loss per share of eight kobo in 2024, signalling a recovery that could attract more investor interest.
ABC Transport, which is led by its Managing Director, Mr. Obinna Anyanwu, saw its total assets more than double to N14.3 billion within the period. This was largely due to significant investments in property, plant, and equipment, including the expansion of its vehicle fleet and the upgrading of service facilities. The company has been expanding operations to meet growing demand in both passenger transportation and haulage services across Nigeria and West Africa.
The financial statements also revealed that the company’s borrowings increased in the period under review as part of its expansion strategy. While higher borrowings often raise concerns about debt servicing, ABC Transport appears to be managing its loans effectively, given the decline in finance costs and the increase in revenue.
The turnaround comes at a time when Nigeria’s transport sector has been facing challenges such as high fuel prices, insecurity on major highways, and rising operational costs. Many transport operators have struggled to remain profitable, but ABC Transport’s latest performance suggests that strategic investments and operational efficiency can still yield positive results.
Industry analysts note that the company’s strong performance could boost confidence in the listed transport sector, which has seen limited representation on the Nigerian Exchange compared to other industries. The improved results may also encourage ABC Transport to explore new market opportunities, including the use of alternative fuels and digital ticketing systems to improve passenger experience and reduce costs.
ABC Transport Plc operates passenger transport services, cargo and haulage logistics, and other related services. Its operations cover major Nigerian cities and regional destinations in West Africa. Founded in 1993, the company has grown into one of Nigeria’s most recognised transport brands, with its luxury coach services popular among travellers.
Looking ahead, the management has expressed optimism about sustaining the growth momentum in the second half of the year. This will depend on stable economic conditions, continued cost management, and expansion into new routes. The company’s ability to maintain profitability while investing in infrastructure will be key to its long-term performance.
With these results, ABC Transport joins a small group of Nigerian transport operators that have been able to post strong profits despite a difficult business climate. For shareholders and investors, the first half of 2025 has provided a more positive outlook compared to recent years.
