Red Star Express Plc has projected a profit before tax of ₦400.44 million for the third quarter ending December 31, 2026, according to its Q3 cashflow and comprehensive income forecast released to the Nigerian Exchange (NGX).
Key Financial Highlights
Turnover: ₦8.36 billion
Gross Profit: ₦1.84 billion (following a ₦6.52 billion cost of sales)
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Profit After Tax (PAT): ₦264.29 million after an estimated tax provision of ₦136.15 million
Operating Cash Receipts: ₦6.68 billion expected from customers
Net Operating Cash Flow: ₦615.02 million after accounting for payments to suppliers, employees, and tax obligations
Capital Expenditure & Liquidity Position
To support ongoing operational expansions, the logistics firm plans to allocate ₦520.21 million toward capital expenditures and lease commitments. Outlays include: ₦235.52 million for property, plant, and equipment; ₦192.68 million for right-of-use assets; ₦92.01 million for intangible assets
The group anticipates a net cash increase of ₦94.82 million during the period, bringing its projected cash and cash equivalents to ₦1.58 billion by the end of December 2026, up from ₦1.48 billion at the start of the quarter.
