Transport and logistics company, Express Kenya Ltd has reported a reduced loss for the first half of 2025, reflecting improved performance compared to the same period last year. The firm reported a loss of KES 42.9 million, a 20.7% decrease from a loss of KES 54.1 million in the first half of 2024, primarily due to lower tax credits and other expenses. Revenue from contracts decreased marginally by 6.4% to KES 12.8 million, attributed to the company’s operational reforms, which led to the cancellation of certain tenant leases.
Direct costs increased to KES 52 million from KES 49 million in the same period last year. The company’s non-current assets shrank 8.6% to KES 1.1 billion from KES 1.2 billion in HY 2024. Shareholders’ funds contracted 20.8% to KES 369.1 million, reflecting a weakening financial position for the company. Borrowing increased 9.4% to KES 388.1 million.
Express Kenya Future Outlook
Express Plc’s Board of Management remains focused on improving the company’s financial performance through diversification into other sources of revenue and enhancing operational efficiency through prudent cost management.
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