Red Star Express Reports Strong Q3 Unaudited Financial Performance

Red Star Express Plc recorded notable progress during the 2025/2026 financial year, reflecting its continued focus on business growth, operational efficiency and sustainable value creation. According to the Q3 unaudited results, the company recorded a turnover of ₦17.3 billion, compared to ₦15.5 billion in the corresponding period of the previous financial year, representing an approximately 11% increase.

Profit Before Tax (PBT) also increased from ₦570 million to ₦1 billion. Beyond its financial performance, the company recorded growth across its express delivery, General Sales Agency (GSA), shuttle services and logistics operations, supported by improved credit collection efforts. Investments in employee welfare, including salary adjustments, staff training and additional operational vehicles, further demonstrated the company’s commitment to human capital development and operational sustainability. These achievements reflect the collective efforts of employees, management and stakeholders in strengthening the business and positioning Red Star Express for sustained growth.

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