ABC Transport Group Records 121% Profit Surge as Diversification Pays Off

ABC Transport Group Records 121% Profit Surge as Diversification Pays Off

 

ABC Transport Plc has reported a strong financial performance for the year ended December 31, 2025, posting a 121 per cent surge in consolidated gross profit as diversification across its business segments strengthened earnings.

The company disclosed in its unaudited results that gross profit rose to N1.4bn in 2025, up from N634m recorded in 2024, while turnover increased by 29 per cent to N16.31bn from N12.61bn. Profit after tax also climbed by 46 per cent to N863.7m, compared with N592.53m in the previous year.

A breakdown of the operating results showed positive contributions from all business segments, reflecting improved operational efficiency and resilience despite prevailing industry challenges.

Group Managing Director, Jude Nneji, attributed the improved performance to the company’s diversified business model within the road transport and logistics ecosystem.

“Our strategy is to maintain a portfolio of complementary but largely distinct businesses, enabling us to withstand environmental pressures and manage operating headwinds more effectively,” he said.

ABC Transport’s operations span multiple segments, including haulage services providing dedicated logistics support to Lafarge Africa Plc, as well as cargo and courier operations under ABC Cargo Express Limited, which offers warehousing and delivery solutions to corporate clients and the general public.

The Group’s portfolio also covers intercity passenger transport services across Nigeria and the West African coast, alongside hospitality operations through City Transit Inn, a 114-room budget hotel in Abuja. Other business lines include Transit Support Services Limited, its manufacturing and trading arm, and a Driver Training Academy that supplies skilled drivers to the Group while offering professional training to the public.

Looking ahead to 2026, the company said it plans to deepen its presence in cargo and courier logistics through the expansion of branch networks and fulfilment centres nationwide, supported by a renewed fleet programme.

ABC Transport remains Nigeria’s most diversified transport operator, with interests spanning haulage, passenger services, logistics and hospitality, and is currently the only transport company listed on the Nigerian Exchange.