Express Kenya Seeks KSh 250Mn in Rights Issue

Express Kenya Plc, a listed logistics firm, has filed a cautionary notice for a proposed rights issue of up to 50,000,000 new shares at KSh 5 par, one-for-one. The transaction, which was resolved by Directors of the listed logistics firm on 28th May 2026, seeks to raise up to KSh 250 Mn and requires shareholder, Capital Markets Authority, and Nairobi Securities Exchange(NSE) approval.

When trading closed at the NSE this Friday, Express Kenya was the day’s top price gainer as investors reacted to the proposed rights issue.

Express Kenya Results 2025

Express Kenya financial performance for the year ended 31st December 2025 was still unstable with the revenue generated for the year declining by 19% to KSh 21.26 million as compared to the year 2024.

This decrease is attributed to decreased rental of space during the year when Express Kenya commenced the construction of a strip mall and filling station in the first phase of its planned projects on the company land which was part of the storage facility.

This construction works is still ongoing and the members and stakeholders will be briefed on the progress at the Annual General Meeting(AGM) scheduled in June 2026.

On 4th June 2025, the company entered into an agreement to dispose off three acres for KSh 300 million and the transaction was completed after year-end due to administrative delays in processing new titles after subdivision.

As result, this sale was not reported in the financial year ended 31 December 2025. Since the transaction was subsequently completed in quarter one of 2026, the transaction will be reported in financial statements for the year ended 31 December 2026.

The listed logistics firm made a net loss of KSh 125 Million in 2025 from KSh 107.9 Million in 2024, the 12^th consecutive loss recorded by the firm. In March this year, Express Kenya Board of Directors announced the resignation of Ms. Kajal Kirit Thakker as a Director of Express Kenya Plc with effect from 10 March 2026. She exited to pursue other interests.

Consequently, the Board of Express Kenya Plc appointed Ms. Sydelle Marise Natalia Diniz as a Non-Executive Director of the Company with effect from 10 March 2026.

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