ABC Transport Group records N734m profit in Q2 2025 earnings

ABC Transport Group records N734m profit in Q2 2025 earnings

Leading provider of Road Transport services in Nigeria, ABC Transport Plc, recorded a significant turnaround in the second quarter of 2025, moving from a loss before tax of ₦56m in 2024, to a profit before tax of ₦734m in Q2 2025.

The company disclosed this in a statement, adding that profit after provision for income tax was an impressive N465m against a loss after tax of N191m recorded for the same period in 2024.

Financial performance highlights for 2025 second quarter indicate that, while driving profit, the Group recorded a significant increase in revenue, with a growth rate of 52 percent compared to the same period in 2024, driven by strong performance across all strategic business units.

All strategic business units also contributed to this growth, with notable improvements in profitability.

The group’s revenue growth is attributed to the significant improvement across all operating segments.

While haulage grew by 97 per cent, logistics recorded a growth of 41 per cent. The haulage business provides dedicated services to Lafarge Africa Plc engaged in cement production while ABC Logistics provides cargo, courier, warehousing and other allied services to both blue-chip manufacturing companies and the general public.
Performance was also strong in Travel Operations which recorded a 31 per cent growth over performance in 2024.

City Transit Inn, the Group’s budget hotel in Abuja, saw a 43 percent growth in revenue with a significant growth in room occupancy rate due to recent improvement in facilities and management.

The Manufacturing/Trading arm of the Group operated under Transit Support Services Limited also grew revenue to N1.58bn from N637m in the first six months of 2024.

According to the company, the revenue performance was buoyed by fleet expansion in the haulage, geographic spread in logistics and overall improvement in service level across business segments.

Notwithstanding the extremely challenging operating environment, the Group’s management has expressed commitment to remain resilient in the pursuit of sustainable growth and profitability underpinned by innovation, riding on the back of the recent turnaround in performance.