The performance was detailed in the company’s unaudited financial statements for the 12 months ended December 2025, which showed broad-based growth across key business segments, supported by lower finance costs and higher ancillary income.
Revenue for the year climbed to N16.3 billion, representing a 29.3 per cent increase from N12.6 billion in 2024. The growth was largely driven by increased activity in loads and waybill services, which emerged as the company’s largest revenue contributor, followed by haulage operations.
Rising revenue translated into stronger profitability, despite higher operating costs. Direct costs increased by 24.9 per cent to N12.4 billion, reflecting higher volumes and operating intensity. After accounting for these costs, gross profit rose sharply by 46.2 per cent year on year to N3.8 billion, compared with N2.6 billion in the prior period.
Administrative expenses, however, climbed significantly to N2.7 billion from N1.6 billion, putting some pressure on operating margins. This increase was partly offset by growth in other operating income, which rose to N602.4 million from N447.0 million, driven mainly by franchise-related earnings.
Other gains stood at N147.4 million, lower than the N261.9 million recorded in 2024, but still represented a positive contribution to earnings. A notable boost to the bottom line also came from reduced finance costs, which declined to N433.4 million from N532.3 million a year earlier, reflecting improved debt management.
A breakdown of revenue shows that loads and waybill services contributed N5.3 billion, followed by haulage at N4.8 billion, transport earnings at N3.2 billion, and vehicle spare parts sales at N2.3 billion. Other business segments accounted for the remaining portion of turnover.
With lower finance charges and stronger operating income, pretax profit expanded by 121.0 per cent year on year to N1.4 billion. After accounting for income tax of N539.3 million, the company posted a post-tax profit of N863.7 million for the year.
ABC Transport’s balance sheet also recorded notable improvement. Total assets rose to N14.4 billion from N10.1 billion in 2024, with property, plant and equipment accounting for the largest share at N10.4 billion. Shareholders’ equity more than doubled to N1.7 billion from N767.0 million, as the company swung from retained losses of N591.7 million to a retained profit of N275.4 million.
On the Nigerian Exchange, ABC Transport’s shares remained unchanged in February, following a strong 27.3 per cent gain in January 2026. Market participants are expected to assess the full-year earnings performance in the weeks ahead, with the results likely to shape near-term investor sentiment.