WorldStage– Trans-Nationwide Express Plc, a provider of courier, freight, logistics, mail room management, haulage and e-commerce services, has released its unaudited financial statements for the period ended 30 June 2026 with loss after tax of ₦46.31 million for the half-year period and a quarterly loss of approximately ₦12.33 million..
Key performance figures showed that revenue was ₦72.01 million for the six months (with quarterly figures showing ₦35.13 million in one presented period), compared with higher prior-year levels around ₦96.23 million in comparative columns; Direct Costs: ₦56.67 million (H1); Gross Profit: ₦15.35 million; Other Income: ₦20.04 million; Administrative Expenses: ₦80.97 million; and Basic Earnings/(Loss) per Share: Negative (around 360 kobo loss in the half-year presentation).
The company continued to operate at a loss, with administrative expenses exceeding gross profit and other income.
Statement of Financial Position highlights include share capital of ₦249.08 million.
Retained earnings remained negative, contributing to relatively low total equity (around ₦38 million in one post-period balance after rights issue adjustments and losses). Trade and other receivables, along with cash balances, formed key current assets.
Trans-Nationwide Express Plc (formerly TNT Skypak Nigeria Limited) was incorporated in 1984 and became a public limited company in 1992. It operates from its headquarters in Lagos with 38 branches across Nigeria.
The company maintains a Securities Trading Policy and confirmed no infringements during the period.
