Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (9 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

Trans-Nationwide Express

TRANSEXPR · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Trans-Nationwide Express Plc
Listing
TRANSEXPR on the Nigerian Exchange, active · ISIN NGTRANSEXPR4 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2024 · audited financial statements, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. No emphasis of matter or going-concern paragraph; 'There are no key Audit matters to communicate in our report' (PDF p26).
Full wording and sources

  • Auditor's emphasis of matter

    No emphasis of matter or going-concern paragraph; 'There are no key Audit matters to communicate in our report' (PDF p26).

    Source: Trans-Nationwide Express Plc Reports and Financial Statements for the year ended 31st December, 2024 (dated 2025-03-27)

  • Revenue

    NGN 261 million

    261,013 NGN thousands · p29

    −50.5% vs 2023

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    −NGN 97.9 million

    (97,891) NGN thousands · p29

    Moved from profit to loss (FY2023: 16,026 NGN thousands)

  • Total assets

    NGN 608 million

    607,856 NGN thousands · p30

    −15.6% vs 2023

  • Total equity

    NGN 215 million

    215,067 NGN thousands · p30

    −44.2% vs 2023

  • Cash from operations

    NGN 31.9 million

    31,862 NGN thousands · p32

    +8.4% vs 2023

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

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN 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

  • FY2024 — audited financial statements, signed / final; reported for the year · source
  • FY2023 — audited financial statements, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Revenue 261,013 527,257
Direct costs of operation (279,461) (410,604)
Gross (loss)/profit (18,448) 116,653
Other income 40,902 101,221
Administrative expenses (135,146) (180,205)
(Loss)/Profit before taxation (112,692) 37,669
Income tax expense1 (1,305) (9,673)
Deferred Tax credit/(charge)2 16,106 (11,968)
Police Trust Fund3 –4 (2)
(Loss)/profit after taxation (97,891) 16,026
Other comprehensive income –5 –5
Total comprehensive income for the year (97,891) 16,026
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (3)
  1. “Income tax expense” is an issuer-specific line, not mapped to a shared definition: Note 24(i); printed apart from deferred tax and the Police Trust Fund levy, without a total.
  2. “Deferred Tax credit/(charge)” is an issuer-specific line, not mapped to a shared definition: Note 22.
  3. “Police Trust Fund” is an issuer-specific line, not mapped to a shared definition: Levy, note 24(iii).

Balance sheet

Balance sheet, NGN thousands. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Property, plant and equipment 154,304 177,679
Assets Under Lease1 15,025 23,647
Intangible asset 6,690 12,171
Equity instrument at fair value through Profit or Loss2 9,354 8,628
Financial assets at amortized cost3 44,413 48,299
Deferred tax asset 14,402 –4
Total non-current assets 244,188 270,424
Inventories 2,142 2,482
Trade and other receivables 161,434 192,857
Other Assets 139,468 216,169
Cash and cash equivalents 60,624 37,974
Total current assets 363,668 449,482
Total assets 607,856 719,906
Share capital 249,075 249,075
Share premium 71,261 71,261
Retained earnings (105,269) 65,264
Total equity 215,067 385,600
Deferred tax –5 1,704
Total non-current liabilities –6 1,704
Trade and other payables 367,270 303,212
Income tax payable 25,519 29,390
Total current liabilities 392,789 332,602
Total liabilities 392,789 334,306
Total equity and liabilities 607,856 719,906
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (3)
  1. “Assets Under Lease” is an issuer-specific line, not mapped to a shared definition: Note 11.a: right-of-use type assets printed apart from PPE.
  2. “Equity instrument at fair value through Profit or Loss” is an issuer-specific line, not mapped to a shared definition: Note 13.
  3. “Financial assets at amortized cost” is an issuer-specific line, not mapped to a shared definition: Note 14 (non-current).

Cash flow

Cash flow, NGN thousands. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Cash received from customers1 453,242 587,009
Cash payments to suppliers and employees2 (415,409) (549,554)
Cash generated from operations 37,833 37,455
Taxation paid (5,971) (8,049)
Net cash from investing activities3 31,862 29,406
Purchase of Property, Plant& Equipment &Intangibles4 (1,220) (9,232)
Proceeds from disposal of Equipment 2,348 8,679
Gain (Loss) on Investment5 726 4,343
Insurance claim6 1,972 9,252
Investment/Interest Income7 3,071 2,200
Investments8 3,886 (26,025)
Lease payments9 (13,492) (15,217)
Dividend received10 3,460 246
Net cash outflow from investing activities 751 (25,754)
Bonus Issue/Dividend paid11 (9,963) (9,376)
Net cash outflow from financing activities (9,963) (9,376)
Net increase/(decrease) in cash & cash equivalents 22,650 (5,724)
Cash and cash equivalents at 1st January 37,974 43,698
Cash and cash equivalents at 31st December18 60,624 37,974
Notes and alternative reported figures (11)
  1. “Cash received from customers” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  2. “Cash payments to suppliers and employees” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  3. “Net cash from investing activities”: mapping to a shared definition is uncertain. The operating-activities total is printed with the label 'Net cash from investing activities' (note 25), under the operating section; mapped by position (issuer labelling error).
  4. “Purchase of Property, Plant& Equipment &Intangibles”: mapping to a shared definition is uncertain. Combined PPE and intangibles purchases.
  5. “Gain (Loss) on Investment” is an issuer-specific line, not mapped to a shared definition: Investing.
  6. “Insurance claim” is an issuer-specific line, not mapped to a shared definition: Investing.
  7. “Investment/Interest Income”: mapping to a shared definition is uncertain. Investment/interest income received, in investing activities.
  8. “Investments” is an issuer-specific line, not mapped to a shared definition: Investing: net movement in investments.
  9. “Lease payments”: mapping to a shared definition is uncertain. Lease payments presented in investing activities (not split into principal and interest).
  10. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing.
  11. “Bonus Issue/Dividend paid” is an issuer-specific line, not mapped to a shared definition: Financing: the only financing line.

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.

  • Trans-Nationwide Express Plc Reports and Financial Statements for the year ended 31st December, 2024

    Year ended 31 December 2024 · Audited financial statements · signed / final

    Audit: Baker Tilly Nigeria (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: David Aneni, for Baker Tilly Nigeria

    Final status: Report of the independent auditor closes with a handwritten signature above 'David Aneni, FRC/2012/PRO/004/ICAN/00000000633, Baker Tilly Nigeria (Chartered Accountants)', the ICAN stamp and 'Lagos, Nigeria, 27 March, 2025' (PDF p28, page image). The statements were approved by the Board on 18 March, 2025 and signed by the Chairman, the Managing Director and the Ag Head of Finance, signatures visible (PDF p30, page image).

    Document date
    27 Mar 2025
    Published
    29 Mar 2025
    Auditor's report
    27 Mar 2025
    Board approval
    18 Mar 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    company statements · NGN thousands (printed “N'000”)
    • The cash-flow operating total is labelled 'Net cash from investing activities' (p32) and is mapped to cash from operations by position. No operating-profit or total-tax line is printed (p29): current income tax, deferred tax and the Police Trust Fund levy are shown separately. The investing section prints an unlabelled subtotal equal to its labelled total. Lease payments are presented in investing activities.
    • The statement of financial position is read from OCR of the render (p30) because the text layer mixes underline characters into the amounts; every cell was compared with the render.
    Technical details
    File
    62 pages, with a text layer
    SHA-256
    07e4fd3be42cbb478cf45bedc03c769daa93776aad4cce03857e41ed0903c36b
    Entity as printed
    Trans-Nationwide Express Plc
    Exchange copy
    retrieved 2026-10-08T18:06:22Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

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.

· Company methodology and coverage