Briclinks Africa ends Q2 with N135.6m revenue

Briclinks Africa ends Q2 with N135.6m revenue

Brinks Africa Plc recorded a revenue of N135.6m for the second quarter closed 30th June 2025, representing an increase from the N131.7m posted in the first quarter of the year.

The company reported a profit after tax of N9.27m for the second quarter, compared to N10.58m in the first quarter. Gross profit stood at N46.29m in Q2, while administrative expenses amounted to N36.44m. Interest payable for the quarter was N582,068.

Retained earnings rose to N65.33m in the period under review, up from N56.06m recorded in the previous quarter.

The company’s statement of financial position filed with the Nigerian Exchange recently showed total assets of N8.10bn in the second quarter, down from N8.18bn in the first quarter. Non-current assets stood at N8.05bn, while current assets amounted to N56.98m.

Total equity rose to N75.33m from N66.06m, while total liabilities dropped to N8.03bn from N8.11bn. The company’s cash and cash equivalents declined to N39.48m in the second quarter, from N96.79m recorded in the first quarter.

Its cash flow statement showed that cash generated from operating activities stood at N20.19m for the second quarter, while no cash flows were recorded under investing activities. Financing activities resulted in an outflow of N77.5m due to reductions in the director’s current account.