Listed Logistics firm, Express Kenya (XPRS) was Tuesday’s top price gainer at the Nairobi Securities Exchange(NSE), on a day equity turnover hit KSh 572 million. Express Kenya share price edged up 10% to close at KSh 5.50 per unit from the previous KSh 5.00. This is as investors bet on its forecast improved financials.
XPRA is scheduled to release its unaudited half-year financial results, on or about 29th August 2025. Keenly watched is how the firm’s project NEXUS has kicked off. This is a mixed use real estate project that seeks to propel Express Kenya into the commercial and residential real estate market segment.
Express Kenya provides clearing and forwarding services to sea and air freight firms, packing and removals, transport as well as warehousing and logistics services. With a market capitalization of KSh 262 million, Express Kenya shares began the year at KSh 3.60 and has since edged up 52.8% on that price. The stock has accrued 32% over the past four weeks.
At the close of the 2024 half-year period, Express Kenya made a net loss of KSh 54.1 million while its full year net loss cranked up to KSh 103.4 million. For the period ended 30 June 2024, the directors do not recommend the declaration of a dividend. The firm’s shareholders’ funds declined to KSh 465,753 from KSh 519,886 as at December 31st 2023. The firm’s half year net profit for the year ended 30 June 2024 slightly dropped by 3% to KSh 13.7 Million as compared to the year ended 30 June 2023.
This drop was attributed to the firm’s restructured operations hence terminating leases with some of the tenants. Direct costs also increased to KSh. 49 Million compared to the year ended 30 June 2023. This resulted in a loss for the year of KSh 35 Million compared to KSh 32.6 Million loss in 2023
Top 10 shareholders of Express Kenya as at 31st December 2024 include Etcoville Holdings Limited 44.84%, Airport Trade Centre Limited 13.54%, Diniz Holdings 12.25%, Paul Wanderi Ndungu 4.01%, Saraj Properties Limited 3.10%, Dinz Hector Robert 2.92%, Musangi Andrew Mukite 1.46%, Ndungu Daniel Karanja 1.20%, Hydery Limited 0.96% and Standard Chartered Nominees A/C 9397 with 457,054 shares or 0.96%.
The Express Kenya Board and Management has been focusing on improving the company’s financial performance through diversification in other revenue generating avenues and improving in the operational efficiency through the costs management.
The principal shareholder has also continuously provided financial support to the group throughout the years.
When trading closed at the NSE Tuesday, other to gainers were Sameer which was up 9.35% to KSh 15.20, BOC which gained 9.205 to KSh 109.75, Kenya Re-insurance which gained 9.12% to KSh 2.99 and Flame Tree Group which was up 8.33% to KSh 1.82.
Top losers were Satrix MSCI World Feeder ETF (SMWF), which was up 5.90% to KSh 845.00, NSE which declined 5.77% to KSh 14.70, Total which fell 4.225 to KSh 31.75, Longhorn Publishers which shed 2.50% to close at KSh 2.73 and Crown Paints which closed the day down 2.40% to KSh 46.75.
The day’s top movers were Safaricom (9.97 m shares), Kenya Re-Insurance(6.43m), Home Afrika(2.59m), KPLC(2.08m) and KenGen(1.52m)
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