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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Express Kenya

XPRS · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
Express Kenya Public Limited Company
Incorporated in
Kenya
Listing
XPRS on the Nairobi Securities Exchange, active · ISIN KE0000000224 (observed 2026-10-07)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY2025 figures come from it.
Full wording and sources

  • Published summary of audited statements for 2025: final status not established

    Published by the company through the NSE as extracts of its audited financial statements. No auditor's report is printed and the auditor is not named; no board approval date is printed. The page closes 'By order of the board' with a handwritten signature over 'Chief Executive Officer', undated (PDF p2, page image).

    Source: Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2025 (extracts) (undated)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2025.' (p2) No auditor's report on the summary is printed; the summary states 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2025.' (p2). The auditor and the opinion on the full statements are not stated. Consolidated statement of profit or loss (no other comprehensive income statement) and statement of financial position with face lines (p1); statement of changes in equity (p2, not transcribed); 'ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS' with opening cash, the three activity totals, exchange effect and closing cash only, no net-change line (p2). No notes.

    Source: Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2025 (extracts) (undated)

  • Published summary of audited statements for 2024: final status not established

    Published by the company through the NSE as extracts of its audited financial statements. No auditor's report is printed and the auditor is not named; no board approval date is printed. The page closes 'By order of the board' with a handwritten signature over 'Chief Executive Officer', undated (PDF p2, page image).

    Source: Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2024 (extracts) (undated)

  • 2023: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2024.' (p2) No auditor's report on the summary is printed; the summary states 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2024.' (p2). The auditor and the opinion on the full statements are not stated. Consolidated statement of profit or loss (no other comprehensive income statement) and statement of financial position with face lines (p1); statement of changes in equity (p2, not transcribed); 'ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS' with opening cash, the three activity totals, exchange effect and closing cash only, no net-change line (p2). No notes.

    Source: Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2024 (extracts) (undated)

  • Revenue

    KES 21.3 million

    21,265 KES thousands · p1

    −19.4% vs 2024

  • Operating profit / (loss)

    −KES 104 million

    (104,112) KES thousands · p1

    Change not shown.

  • Profit / (loss) for the year

    −KES 125 million

    (125,019) KES thousands · p1

    Change not shown.

  • Total assets

    Not reported in this filing

  • Total equity

    KES 472 million

    472,184 KES thousands · p1

    +15.2% vs 2024

  • Cash from operations

    −KES 6.10 million

    (6,097) KES thousands · p2

    Change not shown.

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2024 — published summary of audited statements (summary), final status not established; comparative in the FY2025 filing · source
    • 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2025.' (p2) No auditor's report on the summary is printed; the summary states 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2025.' (p2). The auditor and the opinion on the full statements are not stated. Consolidated statement of profit or loss (no other comprehensive income statement) and statement of financial position with face lines (p1); statement of changes in equity (p2, not transcribed); 'ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS' with opening cash, the three activity totals, exchange effect and closing cash only, no net-change line (p2). No notes.
  • FY2023 — published summary of audited statements (summary), final status not established; comparative in the FY2024 filing · source
    • Published summary of audited statements for 2024: final status not established. Published by the company through the NSE as extracts of its audited financial statements. No auditor's report is printed and the auditor is not named; no board approval date is printed. The page closes 'By order of the board' with a handwritten signature over 'Chief Executive Officer', undated (PDF p2, page image).
    • 2023: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2024.' (p2) No auditor's report on the summary is printed; the summary states 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2024.' (p2). The auditor and the opinion on the full statements are not stated. Consolidated statement of profit or loss (no other comprehensive income statement) and statement of financial position with face lines (p1); statement of changes in equity (p2, not transcribed); 'ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS' with opening cash, the three activity totals, exchange effect and closing cash only, no net-change line (p2). No notes.

Income statement

Income statement, KES thousands. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitationsFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Revenue from contracts with customers 21,265 26,378 27,494
Direct costs (100,179) (97,843) (91,105)
Gross (loss) (78,914) (71,465) (63,611)
Other operating income –1 620 –2
Impairment reversal3 –1 22 (56)
Administrative expenses (14,872) (10,993) (15,871)
Other operating expenses (11,424) (14,015) (12,833)
Operating (loss) (104,112) (95,831) (92,371)
Finance costs (51,566) (40,589) (39,818)
(Loss) before tax (155,678) (136,420) (132,189)
Tax credit 30,659 28,512 28,762
(Loss) for the year (125,019) (107,908) (103,427)
  1. Printed “-”; reading unresolved, so no amount is shown. Printed '-' for 2025 (page image); not confirmed as nil: the printed 2025 operating loss differs from the sum of the printed lines by 1,098 (see issuer_inconsistency note).
  2. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
Notes and alternative reported figures (1)
  1. Printed under different labels across filings: “Impairment reversal”; “Impairment reversal/(loss)”.

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitationsFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Share capital 238,557 238,557 238,557
Share premium 28,963 28,963 28,963
Revaluation reserve 870,723 750,915 816,338
Accumulated losses (666,059) (608,509)1 (563,973)
Shareholders'funds2 472,184 409,9263 519,885
Borrowings 429,324 382,9434 349,960
Lease liabilities 46,570 50,387 51,474
Deferred tax 429,870 380,267 408,779
Non-current liabilities (unlabelled subtotal) 905,764 813,5975 810,213
Capital employed (unlabelled total)6 1,377,948 1,223,5237 1,330,098
Property, plant and equipment 287,673 275,893 298,790
Right-of-use assets 1,066,537 917,367 997,948
Investment property 37,081 –8 Not reported in this filing9
Non-current assets (unlabelled subtotal) 1,391,291 1,193,260 1,296,738
Inventories 28,752 28,752 28,752
Trade and other receivables 14,944 13,29710 11,348
Cash and cash equivalents 1,319 608 1,216
Tax recoverable 31,379 31,379 31,379
Current assets before assets held for sale (unlabelled subtotal)11 76,394 74,036 Not reported in this filing12
Assets held for sale13 1,286 –14 Not reported in this filing15
Current assets (unlabelled subtotal) 77,680 74,03616 72,695
Lease liabilities 2,882 1,088 474
Trade and other payables 88,141 42,68517 38,861
Current liabilities (unlabelled subtotal) 91,023 43,77318 39,335
Net current (liabilities)/assets1920 (13,343) 30,26321 33,360
Net assets (unlabelled total)22 1,377,948 1,223,5237 1,330,098
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (20)
  1. Published summary of audited statements (undated) prints (606,457) (thousands, p1) for this line and year.
  2. Printed under different labels across filings: “Shareholders' funds”; “Shareholders'funds”.
  3. Published summary of audited statements (undated) prints 411,978 (thousands, p1) for this line and year.
  4. Published summary of audited statements (undated) prints 382,942 (thousands, p1) for this line and year.
  5. Published summary of audited statements (undated) prints 813,596 (thousands, p1) for this line and year.
  6. “Capital employed (unlabelled total)” is an issuer-specific line, not mapped to a shared definition: Unlabelled total closing the 'CAPITAL EMPLOYED' section.
  7. Published summary of audited statements (undated) prints 1,225,574 (thousands, p1) for this line and year.
  8. Not reported in this filing: Not printed: the abridged statement of financial position (p1) has no investment property line for 2023 (nor 2024). (text layer of the selected statement page)
  9. Published summary of audited statements (undated) prints 13,296 (thousands, p1) for this line and year.
  10. “Current assets before assets held for sale (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of inventories, receivables, cash and tax recoverable, before assets held for sale.
  11. Not reported in this filing: Not printed: the abridged statement of financial position (p1) shows no assets held for sale, so no current-assets subtotal before them is printed for 2023. (text layer of the selected statement page)
  12. “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Printed under current assets; '-' for 2024.
  13. Not reported in this filing: Not printed: the abridged statement of financial position (p1) has no assets-held-for-sale line for 2023 (nor 2024). (text layer of the selected statement page)
  14. Published summary of audited statements (undated) prints 74,035 (thousands, p1) for this line and year.
  15. Published summary of audited statements (undated) prints 40,633 (thousands, p1) for this line and year.
  16. Published summary of audited statements (undated) prints 41,721 (thousands, p1) for this line and year.
  17. “Net current (liabilities)/assets” is an issuer-specific line, not mapped to a shared definition: Current assets (including assets held for sale) less current liabilities, as printed.
  18. Printed under different labels across filings: “Net current (liabilities)/assets”; “Net current assets”.
  19. Published summary of audited statements (undated) prints 32,314 (thousands, p1) for this line and year.
  20. “Net assets (unlabelled total)” is an issuer-specific line, not mapped to a shared definition: Unlabelled total closing the 'REPRESENTED BY' section.

Cash flow

Cash flow, KES thousands. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitationsFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
At start of year 608 1,216 (4,331)
Net cash (used in) operating activities1 (6,097) (6,215)2 (3,313)
Net cash (used in) investing activities –3 (41) (4,000)
Net cash from financing activities4 6,851 5,3755 13,269
Effect of exchange rate changes (44) 274 (409)
At end of year 1,319 608 1,216
  1. Printed “-”; reading unresolved, so no amount is shown. Printed '-' for 2025 (page image); no net-change line is printed to confirm a nil reading.
Notes and alternative reported figures (4)
  1. Printed under different labels across filings: “Net cash (used in) operating activities”; “Net cash (used in)/from operating activities”.
  2. Published summary of audited statements (undated) prints (1,464) (thousands, p2) for this line and year.
  3. Printed under different labels across filings: “Net cash from financing activities”; “Net cash from/(used in) financing activities”.
  4. Published summary of audited statements (undated) prints 623 (thousands, p2) for this line and year.

Per share and shares

Per share and shares. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitationsFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Earnings / (loss) per share (per share)1 (2.62) (2.26) (2.17)
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted (loss) per share”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2025 (extracts)

    Year ended 31 December 2025 · Published summary of audited statements (summary) · final status not established

    Audit: Auditor not stated (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Published by the company through the NSE as extracts of its audited financial statements. No auditor's report is printed and the auditor is not named; no board approval date is printed. The page closes 'By order of the board' with a handwritten signature over 'Chief Executive Officer', undated (PDF p2, page image).

    Document date
    none printed — undated
    Auditor's report
    date not found in this document
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · KES thousands (printed “Shs '000”)
    • The directory lists 'Express Ltd' (NSE roster 'Express Ltd Ord 5.00'); the document prints 'Express Kenya Public Limited Company' (pp1-2) and the NSE file title 'Express Kenya Plc'. No registration number or change-of-name statement is printed. The difference is the legal form and the word 'Kenya', which the exchange roster abbreviates; the controller should confirm.
    • 2025 operating (loss): gross (loss) (78,914), other operating income '-', impairment reversal '-', administrative expenses (14,872) and other operating expenses (11,424) sum to (105,210), but (104,112) is printed (p1, page image); the printed operating loss carries through to the printed loss before tax ((104,112) + (51,566) = (155,678)). The 2024 column adds exactly. Kept as printed; the two 2025 dashes are left unresolved.
    • Revaluation reserve: the statement of financial position prints 870,723 (2024: 750,915, p1) while the statement of changes in equity prints 870,722 at end of year and 750,914 at start of year (p2). Kept as printed.
    • The cash-flow lines do not add exactly: 2025 608 + (6,097) + 6,851 + (44) = 1,318 against 1,319 printed; 2024 1,216 + (6,215) + (41) + 5,375 + 274 = 609 against 608 printed (p2, rounding). No net-change line is printed, so no check runs. Kept as printed.
    • The statement of financial position uses a capital-employed layout: no total assets, total liabilities or total equity and liabilities line; non-current liabilities, non-current assets, current assets and current liabilities subtotals and the two balancing totals are unlabelled (p1).
    • Scanned document: the PDF text layer is a poor OCR (e.g. '(e7,843)', '(1s5,678)') and is not used. Values come from Apple Vision OCR of the renders; OCR fixes and image readings are listed per row.
    • No auditor's report on the summary is printed; the summary states 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2025.' (p2). The auditor and the opinion on the full statements are not stated.
    • Consolidated statement of profit or loss (no other comprehensive income statement) and statement of financial position with face lines (p1); statement of changes in equity (p2, not transcribed); 'ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS' with opening cash, the three activity totals, exchange effect and closing cash only, no net-change line (p2). No notes.
    Technical details
    File
    2 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    b46a81c0558fbe3795ee909d0efb8e24d5333f739ea75bc8cdffa8afa202e538
    Entity as printed
    Express Kenya Public Limited Company (the group)
    Exchange copy
    retrieved 2026-10-08T18:04:44Z

  • Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2024 (extracts)

    Year ended 31 December 2024 · Published summary of audited statements (summary) · final status not established

    Audit: Auditor not stated (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Published by the company through the NSE as extracts of its audited financial statements. No auditor's report is printed and the auditor is not named; no board approval date is printed. The page closes 'By order of the board' with a handwritten signature over 'Chief Executive Officer', undated (PDF p2, page image).

    Document date
    none printed — undated
    Auditor's report
    date not found in this document
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · KES thousands (printed “Shs '000”)
    • The directory lists 'Express Ltd' (NSE roster 'Express Ltd Ord 5.00'); the document prints 'Express Kenya Public Limited Company' (pp1-2) and the NSE file name 'Express-Kenya-Plc'. No registration number or change-of-name statement is printed (as in the FY2025 spec); the controller should confirm.
    • The statement of changes in equity prints total equity of 519,886 at start of year and 411,979 at end of year and a loss of (107,907), against 519,885 and 411,978 in the statement of financial position and (107,908) in the statement of profit or loss (pp1-2, page images). Kept as printed.
    • The statement of financial position uses a capital-employed layout: no total assets, total liabilities or total equity and liabilities line; non-current liabilities, non-current assets, current assets and current liabilities subtotals and the two balancing totals are unlabelled (p1).
    • Scanned document: the PDF text layer is a poor OCR (e.g. '(132,18e)', '-@99qI') and is not used. Values come from Apple Vision OCR of the renders; image readings are listed per row.
    • No auditor's report on the summary is printed; the summary states 'The above are extracts from the audited financial statements of the group for the year ended 31 December 2024.' (p2). The auditor and the opinion on the full statements are not stated.
    • Consolidated statement of profit or loss (no other comprehensive income statement) and statement of financial position with face lines (p1); statement of changes in equity (p2, not transcribed); 'ABRIDGED CONSOLIDATED STATEMENT OF CASH FLOWS' with opening cash, the three activity totals, exchange effect and closing cash only, no net-change line (p2). No notes.
    Technical details
    File
    2 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    f37e7f04d95d76609df54e4e8704c176eddfb7b547782f2baacd64b01a23ab6e
    Entity as printed
    Express Kenya Public Limited Company (the group)
    Exchange copy
    retrieved 2026-10-08T18:06:15Z

Data notes

  • (Loss) for the year — OCR read '(107.908)'; the page image shows '(107,908)'. OCR reads the comma as a full stop; the page image shows (107,908). (Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2025 (extracts), p1)
  • Accumulated losses — OCR read '(666.059)'; the page image shows '(666,059)'. OCR reads the comma as a full stop; the page image shows (666,059). (Express Kenya Public Limited Company Annual report and consolidated financial statements For the year ended 31 December 2025 (extracts), p1)

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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