WorldStage– Briclinks Africa Plc which operates primarily as an Internet Service Provider delivering broadband infrastructure, data bandwidth, and telecom installation services, has released its quarter two financial statement for the period ended June 30, 2026, highlighting sustained top-line growth driven by expanding demand for its telecommunications and internet services.
According to the report submitted to the Nigerian Exchange (NGX), the Growth Board-listed Internet Service Provider generated ₦163.89 million in revenue between April and June 2026.
This represents a 21.5% quarterly increase compared to the ₦134.89 million turnover recorded in the first quarter of the year.
Key Financial Highlights (Q2 2026 vs. Q1 2026)Turnover: ₦163.89 million, up 21.5% from ₦134.89 million in Q1; Cost of Sales ₦107.86 million, up from ₦84.28 million in Q1, reflecting increased capacity requirements to service growing customer bandwidth demands; Operating Overheads- Total administrative expenses rose slightly to ₦38.51 million compared to ₦36.27 million in the previous quarter; Pre-Tax & Net Profit- Profit before tax reached ₦17.52 million, marking a 22.2% increase over the ₦14.34 million posted in Q1.
Net profit matched pre-tax earnings due to no tax provisions recorded for the period.
Earnings Per Share (EPS) rose to ₦1.75 from ₦1.43 in Q1; Balance Sheet & LiquidityTotal Assets stood at ₦7.99 billion as of June 30, 2026 (down slightly from ₦8.01 billion at the end of March 2026).
Assets remain heavily anchored by property, plant, equipment, and service licenses.
Total Liabilities- Non-current liabilities adjusted lower to ₦7.85 billion following debt repayments on long-term loans; Total Equity- Retained earnings expanded to ₦117.17 million, bringing total shareholders’ equity up to ₦127.17 million.
Cash Position: Cash and cash equivalents closed higher at ₦3.98 million, up from ₦2.12 million at the end of Q1. The board reiterated its primary focus on expanding connectivity across Nigeria following its 2021 listing on the NGX Growth Board.
