Listed transport and logistics firm Express Kenya Plc has disclosed the disposal of a parcel of land it owns in Nairobi Industrial Area during the first quarter of 2026.
The company sold the three-acre parcel for KES 300 million, with proceeds earmarked for settling debts and strengthening its cash flow. In the period ended December 31, 2025, Express Kenya recorded a net loss of KES 125 million, marking its twelfth consecutive year of losses.
Revenue fell by 19.4% to KES 21.27 million, attributable to disruptions in rental operations following the construction of a strip mall and a filling station. Finance costs rose by 27.1% to KES 51.6 million, while the loss before tax stood at KES 155.7 million.
Express Kenya’s Losses Persist Amid Structural Challenges
Express Kenya’s prolonged losses date back to the loss of a key customer, East African Breweries Limited (EABL), in 2011. The firm’s losses are also attributed to stiff competition in the logistics industry, as well as delays in completing real estate projects. As of December 31, 2025, the company’s accumulated losses stood at KES 666 million.
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